REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
A B ENGINEERING LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
A B ENGINEERING LTD |
A B ENGINEERING LTD (REGISTERED NUMBER: 02897957) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
A B ENGINEERING LTD |
COMPANY INFORMATION |
for the year ended 31 March 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1110 Elliott Court |
Herald Avenue |
Coventry Business Park |
Coventry |
West Midlands |
CV5 6UB |
A B ENGINEERING LTD (REGISTERED NUMBER: 02897957) |
ABRIDGED BALANCE SHEET |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investments | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
A B ENGINEERING LTD (REGISTERED NUMBER: 02897957) |
ABRIDGED BALANCE SHEET - continued |
31 March 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
A B ENGINEERING LTD (REGISTERED NUMBER: 02897957) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2017 |
1. | STATUTORY INFORMATION |
A B Engineering Ltd is a |
company's registered number and registered office address can be found on the Company Information |
page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 31 March 2017 |
DEPRECIATION |
Eliminated on disposal |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
A B ENGINEERING LTD (REGISTERED NUMBER: 02897957) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2017 |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 | 30,000 |
NET BOOK VALUE |
At 31 March 2017 | 30,000 |
At 31 March 2016 | 30,000 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Other loans |
secured by way of a share charge granted by ASG Investments 5 Limited. |
6. | RELATED PARTY DISCLOSURES |
On 3rd January 2017 freehold property known as units 44 - 50 Bayton Road, Coventry was sold to |
Dirige Limited, a company associated by common control for £763,094 to Dirige Limited, a company |
associated by common control. |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
On 4th January 2017 the company became a wholly owned subsidiary of ASG Investments 5 Limited. |