REGISTERED NUMBER: 04445391 (England and Wales)

ABBEYMOVE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S.G. Routledge

SECRETARY:

D.G.M. Reese

REGISTERED OFFICE:

252 Hoe Street,

Walthamstow,

London

E17 3AX

REGISTERED NUMBER:

04445391 (England and Wales)

ACCOUNTANTS:

Findlay, Wetherfield, Scott & Co.

Chartered Accountants

135/137, Station Road,

Chingford,

London

E4 6AG

BANKERS:

Bank of Scotland plc.,

600 Gorgie Road,

Edinburgh,

EH11 3XP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,296

9,688

8,296

9,688

CURRENT ASSETS

Debtors

6

445,551

496,487

Cash at bank

232,161

187,186

677,712

683,673

CREDITORS

Amounts falling due within one year

7

236,107

258,101

NET CURRENT ASSETS

441,605

425,572

TOTAL ASSETS LESS CURRENT LIABILITIES

449,901

435,260

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

449,801

435,160

SHAREHOLDERS' FUNDS

449,901

435,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 31st December 2017 and were signed by:

S.G. Routledge - Director

1.	STATUTORY INFORMATION

Abbeymove 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Costs incurred in

2015, which had been capitalised, were written off in the comparative year and the fixed assets account had been

adjusted accordingly.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

15,392

AMORTISATION

At 1st April 2016

and 31st March 2017

15,392

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2016

5,642

11,098

8,555

25,295

Additions

-

-

1,392

1,392

Disposals

-

-

(20

)

(20

)

At 31st March 2017

5,642

11,098

9,927

26,667

DEPRECIATION

At 1st April 2016

4,290

7,587

3,730

15,607

Charge for year

338

877

1,549

2,764

At 31st March 2017

4,628

8,464

5,279

18,371

NET BOOK VALUE

At 31st March 2017

1,014

2,634

4,648

8,296

At 31st March 2016

1,352

3,511

4,825

9,688

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,950

7,857

Other debtors

414,161

-

Loan - Glade Homes Ltd.

-

458,031

Prepayments

29,440

30,599

445,551

496,487

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

166

Corporation tax

-

4,400

Social security and other taxes

6,146

6,466

Other creditors

5,916

163,720

Net amount due to clients

221,130

82,193

Accrued expenses

2,915

1,156

236,107

258,101

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

S.G. Routledge is a director of, and shareholder in, Glade Homes Ltd.

At the balance sheet date the company had made a loan to Glade Homes Ltd, amounting to £nil (2016 -

£458,031). These amounts are shown within debtors due within one year.

Interest was charged, at a rate of 3%, to Glade Homes Ltd amounting to £276 (2016 - £12,876). There were no

amounts outstanding at either balance sheet date.

As at the balance sheet date the sum owed by the company to the director amounted to £965 (2016 - £159,867).

These amounts are included in other creditors due within one year.

9.	RELATED PARTY DISCLOSURES

There is no overall controlling party.

Dividends paid to shareholders were as follows:

S.G. Routledge - £nil (2016 - £nil)

D. Routledge - £nil (2016 - £19,000)