REGISTERED NUMBER: 04049172 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ABBYFIELD CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Johnson

SECRETARY:

Mrs E L Johnson

REGISTERED OFFICE:

Copleydene

Churchwood

Pengarn

Pontypool

NP4 8DD

REGISTERED NUMBER:

04049172 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

4

71,363

22,367

CURRENT ASSETS

Stocks

5

5,370

7,950

Debtors

6

37,736

27,259

Cash at bank

2,560

1,619

45,666

36,828

CREDITORS

Amounts falling due within one year

7

16,072

20,756

NET CURRENT ASSETS

29,594

16,072

TOTAL ASSETS LESS CURRENT LIABILITIES

100,957

38,439

CREDITORS

Amounts falling due after more than one year

8

35,850

-

NET ASSETS

65,107

38,439

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

65,007

38,339

SHAREHOLDERS' FUNDS

65,107

38,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 September 2017 and were signed by:

Mr G Johnson - Director

1.	STATUTORY INFORMATION

Abbyfield Construction Limited is a private company, limited by shares , registered in England and Wales. The

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2016

109,434

41,207

2,497

153,138

Additions

56,000

-

-

56,000

At 31 December 2016

165,434

41,207

2,497

209,138

DEPRECIATION

At 1 January 2016

100,737

28,247

1,787

130,771

Charge for year

1,739

5,122

143

7,004

At 31 December 2016

102,476

33,369

1,930

137,775

NET BOOK VALUE

At 31 December 2016

62,958

7,838

567

71,363

At 31 December 2015

8,697

12,960

710

22,367

5.

STOCKS

31.12.16

31.12.15

£

£

Work-in-progress

5,370

7,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

8,218

15,063

Other debtors

18,517

12,196

VAT

11,001

-

37,736

27,259

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

9,298

5,791

Tax

4,985

9,971

VAT

-

3,404

Directors' loan accounts

464

330

Accrued expenses

1,325

1,260

16,072

20,756

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

35,850

-

9.	RELATED PARTY DISCLOSURES