REGISTERED NUMBER: 04778286 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Abraham Shaw Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

D A Stell

R A Stell

SECRETARY:

D A Stell

REGISTERED OFFICE:

Hill Top Works

Thornton

Bradford

West Yorkshire

BD13 3QZ

REGISTERED NUMBER:

04778286 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

4

23,207

22,402

CURRENT ASSETS

Stocks

17,442

20,057

Debtors

5

134,589

122,144

Cash at bank and in hand

77,485

75,412

229,516

217,613

CREDITORS

Amounts falling due within one year

6

203,509

200,952

NET CURRENT ASSETS

26,007

16,661

TOTAL ASSETS LESS CURRENT LIABILITIES

49,214

39,063

PROVISIONS FOR LIABILITIES

4,641

4,256

NET ASSETS

44,573

34,807

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

44,473

34,707

SHAREHOLDERS' FUNDS

44,573

34,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 July 2017 and were signed on its behalf by:

D A Stell - Director

R A Stell - Director

1.	STATUTORY INFORMATION

Abraham Shaw 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 the amounts received or receivable for goods and services provided to customers, excluding

VAT.

Tangible fixed assets

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

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

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 9 .

4.	TANGIBLE FIXED ASSETS

Plant &

Fixtures

Motor

Computer

machinery

& fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

7,915

2,912

63,171

4,426

78,424

Additions

-

-

9,700

160

9,860

Disposals

-

-

(5,993

)

(200

)

(6,193

)

At 31 March 2017

7,915

2,912

66,878

4,386

82,091

DEPRECIATION

At 1 April 2016

5,182

1,839

45,538

3,463

56,022

Charge for year

410

161

6,567

850

7,988

Eliminated on disposal

-

-

(4,926

)

(200

)

(5,126

)

At 31 March 2017

5,592

2,000

47,179

4,113

58,884

NET BOOK VALUE

At 31 March 2017

2,323

912

19,699

273

23,207

At 31 March 2016

2,733

1,073

17,633

963

22,402

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

129,710

117,227

Prepayments & accrued income

4,879

4,917

134,589

122,144

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

18,011

18,341

Corporate taxation

10,081

10,269

Social security & other taxes

3,860

3,364

Value added tax

26,916

19,417

Directors' current accounts

142,141

146,793

Accruals & deferred income

2,500

2,768

203,509

200,952

7.	OTHER FINANCIAL COMMITMENTS

The company operates from premises owned by the directors. The rent payable is fixed annually.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2016 - £52,000) were paid to the directors .

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abraham Shaw Limited for the year ended 31 March 2017 which comprise the Income

Statement, Statement of Financial Position, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abraham Shaw Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abraham Shaw Limited and state those matters that we have agreed to state to the Board of Directors of Abraham Shaw Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abraham Shaw Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abraham Shaw Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abraham Shaw Limited. You consider that Abraham Shaw Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abraham Shaw Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

24 July 2017