Abbey Associates Vehicle Solutions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07272691 (England and Wales)

Abbreviated Accounts

for the Year Ended

31 October 2016

for

Abbey Associates Vehicle Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R S Walker

REGISTERED OFFICE:

Hales Court

Stourbridge Road

Halesowen

West Midllands

B63 3TT

REGISTERED NUMBER:

07272691 (England and Wales)

FIXED ASSETS

Intangible assets

2

442

564

Tangible assets

3

2,662

3,550

3,104

4,114

CURRENT ASSETS

Debtors

75,316

69,538

Cash at bank and in hand

2,497

6,095

77,813

75,633

CREDITORS

Amounts falling due within one year

3,008

7,200

NET CURRENT ASSETS

74,805

68,433

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,909

72,547

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

77,809

72,447

SHAREHOLDERS' FUNDS

77,909

72,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 July 2017 and were signed by:

R S Walker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

1,214

AMORTISATION

At 1 November 2015

650

Amortisation for year

122

At 31 October 2016

772

NET BOOK VALUE

At 31 October 2016

442

At 31 October 2015

564

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

16,051

DEPRECIATION

At 1 November 2015

12,501

Charge for year

888

At 31 October 2016

13,389

NET BOOK VALUE

At 31 October 2016

2,662

At 31 October 2015

3,550

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100