Chartered Accountants

A.B.M Solutions Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 7

A.B.M Solutions Ltd

Company Information

Director

Mr A B Bell

Company secretary

Mr R Dix

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A.B.M Solutions Ltd
for the Year Ended 31 July 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.B.M Solutions Ltd for the year ended 31 July 2017 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of A.B.M Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 17 February 2014. Our work has been undertaken solely to prepare for your approval the accounts of A.B.M Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of A.B.M Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.B.M Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A.B.M Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A.B.M Solutions Ltd. You consider that A.B.M Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A.B.M Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2 August 2018

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A.B.M Solutions Ltd

(Registration number: 03604793)
Balance Sheet as at 31 July 2017

	Note	2017		2016
		£	£	£	£
Fixed assets
Tangible assets	4		-		-
Current assets
Debtors	5	98,718		91,773
Investments	6	-		10,000
Cash at bank and in hand		1,718		35,432
			100,436		137,205
Creditors: Amounts falling due within one year	7		(43,101)		(48,824)
Net current assets			57,335		88,381
Net assets			57,335		88,381
Capital and reserves
Called up share capital		100		100
Profit and loss account		57,235		88,281
Total equity			57,335		88,381

For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the director on 1 August 2018
 

Mr A B Bell Director

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A.B.M Solutions Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
United Kingdom

The principal place of business is:
37 The Mall
Surbiton
Surrey
KT6 4EH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis

Investments

Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in profit and loss.

Other investments are valued at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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A.B.M Solutions Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2017

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2016 - 1).

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A.B.M Solutions Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2017

4	Tangible assets

	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 August 2016	2,057	2,057
At 31 July 2017	2,057	2,057
Depreciation
At 1 August 2016	2,057	2,057
At 31 July 2017	2,057	2,057
Carrying amount
At 31 July 2017	-	-

5

Debtors

	2017 £	2016 £
Trade debtors	4,877	10,877
Other debtors	93,841	80,896
	98,718	91,773

6	Current asset investments

	2017 £	2016 £
Other investments	-	10,000

7

Creditors

	2017 £	2016 £
Due within one year
Trade creditors	1,200	1,740
Taxation and social security	7,264	22,528
Other creditors	34,637	24,556
	43,101	48,824