ABT Services (UK) Limited - Filleted accounts

Registered number

05400895

ABT Services (UK) Limited

Filleted Accounts

31 March 2017

ABT Services (UK) Limited
Registered number:		05400895
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	4		10,560			11,463

Current assets
Debtors	5	2,540			4,887
Cash at bank and in hand		11,652			13,467
		14,192			18,354

Creditors: amounts falling due within one year	6	(12,456)			(17,343)

Net current assets			1,736			1,011

Net assets			12,296			12,474

Capital and reserves
Profit and loss account			12,296			12,474

Shareholders' funds			12,296			12,474

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr A P Carter
Director
Approved by the board on 1 December 2017

ABT Services (UK) Limited
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2017		2016
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2016					27,767
	At 31 March 2017					27,767

	Amortisation
	At 1 April 2016					27,767
	At 31 March 2017					27,767

	Net book value
	At 31 March 2017					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2016	20,440		9,157		29,597
	Additions	-		666		666
	At 31 March 2017	20,440		9,823		30,263

	Depreciation
	At 1 April 2016	10,664		7,470		18,134
	Charge for the year	978		591		1,569
	At 31 March 2017	11,642		8,061		19,703

	Net book value
	At 31 March 2017	8,798		1,762		10,560
	At 31 March 2016	9,776		1,687		11,463


5	Debtors			2017		2016
£					£

	Trade debtors			2,540		4,887


6	Creditors: amounts falling due within one year			2017		2016
£					£

	Trade creditors			619		5,007
	Corporation tax			8,515		9,192
	Other creditors			3,322		3,144
				12,456		17,343


7	Other information

	ABT Services (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Ercall Lane
	Wellington
	Telford
	Shropshire
	TF1 2DY