REGISTERED NUMBER: 04822248 (England and Wales)

A B CARPETS & VINYLS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 AUGUST 2016 TO 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Tompkins

Mrs C Tompkins

SECRETARY:

Mrs C Tompkins

REGISTERED OFFICE:

76 Manchester Road

Denton

Manchester

M34 3PS

REGISTERED NUMBER:

04822248 (England and Wales)

ACCOUNTANTS:

Usher Spiby & Co

76 Manchester Road

Denton

Manchester

M34 3PS

FIXED ASSETS

Tangible assets

4

3,105

4,119

CURRENT ASSETS

Debtors

5

638

742

Cash at bank and in hand

4,530

6,533

5,168

7,275

CREDITORS

Amounts falling due within one year

6

3,572

11,193

NET CURRENT ASSETS/(LIABILITIES)

1,596

(3,918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,701

201

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,699

199

SHAREHOLDERS' FUNDS

4,701

201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 26 April 2018 and were signed on its behalf by:

Mrs C Tompkins - Director

1.	STATUTORY INFORMATION

A B Carpets & Vinyls Ltd 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 etc

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the period 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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

and 30 September 2017

20,939

DEPRECIATION

At 1 August 2016

16,820

Charge for period

1,014

At 30 September 2017

17,834

NET BOOK VALUE

At 30 September 2017

3,105

At 31 July 2016

4,119

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

31.7.16

£

£

Other debtors

638

742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

31.7.16

£

£

Trade creditors

500

910

Taxation and social security

1,629

602

Other creditors

1,443

9,681

3,572

11,193