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REGISTERED NUMBER: 02412564 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Abbey Telecom Limited

Abbey Telecom Limited (Registered number: 02412564)






Contents of the Financial Statements
for the year ended 30 April 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Abbey Telecom Limited

Company Information
for the year ended 30 April 2017







DIRECTORS: A S Raynor
Mrs A J Raynor
A G Wilson





SECRETARIES: Mrs A J Raynor
A G Wilson





REGISTERED OFFICE: Logic House
Ordnance Street
Blackburn
Lancashire
BB1 3AE





REGISTERED NUMBER: 02412564 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Abbey Telecom Limited (Registered number: 02412564)

Abridged Balance Sheet
30 April 2017

30/4/17 30/4/16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 30,000
Tangible assets 5 47,027 67,773
72,027 97,773

CURRENT ASSETS
Stocks 32,411 34,868
Debtors 173,331 143,712
Cash at bank and in hand 309,981 180,355
515,723 358,935
CREDITORS
Amounts falling due within one year 179,877 109,969
NET CURRENT ASSETS 335,846 248,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,873

346,739

PROVISIONS FOR LIABILITIES 3,353 6,194
NET ASSETS 404,520 340,545

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 404,420 340,445
SHAREHOLDERS' FUNDS 404,520 340,545

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Abbey Telecom Limited (Registered number: 02412564)

Abridged Balance Sheet - continued
30 April 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 July 2017 and were signed on its behalf by:





A S Raynor - Director


Abbey Telecom Limited (Registered number: 02412564)

Notes to the Financial Statements
for the year ended 30 April 2017

1. STATUTORY INFORMATION

Abbey Telecom 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 represents net sales of goods,excluding value added tax.

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

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

Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value. Cost includes direct
materials, labour and manufacturing overheads incurred in bringing each product to its present location and
condition. Net realisable value is based on estimated selling price less further costs to completion and selling
costs.

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.

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.

Abbey Telecom Limited (Registered number: 02412564)

Notes to the Financial Statements - continued
for the year ended 30 April 2017

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants received in respect of expenditure charged to the profit and loss account during the year have
been included in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2016
and 30 April 2017 300,000
AMORTISATION
At 1 May 2016 270,000
Amortisation for year 5,000
At 30 April 2017 275,000
NET BOOK VALUE

At 30 April 2017 25,000
At 30 April 2016 30,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2016 164,161
Additions 937
Disposals (7,990 )
At 30 April 2017 157,108
DEPRECIATION
At 1 May 2016 96,388
Charge for year 15,691
Eliminated on disposal (1,998 )
At 30 April 2017 110,081
NET BOOK VALUE
At 30 April 2017 47,027
At 30 April 2016 67,773

Abbey Telecom Limited (Registered number: 02412564)

Notes to the Financial Statements - continued
for the year ended 30 April 2017

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2017 and
30 April 2016:

30/4/17 30/4/16
£    £   
Mrs A J Raynor
Balance outstanding at start of year (3,429 ) (200 )
Amounts advanced 38,292 37,860
Amounts repaid (35,428 ) (41,089 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (565 ) (3,429 )

A S Raynor
Balance outstanding at start of year (292 ) (214 )
Amounts advanced 69,438 80,154
Amounts repaid (69,179 ) (80,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33 ) (292 )

Interest has been charged at 3.00%on the overdrawn loan account.

7. CONTROL

The company is controlled by the director, A S Raynor, who owns 60% of the issued share capital whilst his
wife, the director, Mrs A Raynor, owns the remaining 40%.