REGISTERED NUMBER: 01903212 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2016

FOR

ABACUS TUBULAR PRODUCTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

F Riola

SECRETARY:

Mrs M G Riola

REGISTERED OFFICE:

Abacus House

Highlode Industrial Estate

Ramsey

Huntingdon

Cambs

PE26 2RB

REGISTERED NUMBER:

01903212 (England and Wales)

ACCOUNTANTS:

Tacconi Green & Co

Accountants

32a East Street

St Ives

Cambs

PE27 5PD

FIXED ASSETS

Tangible assets

2

1,027,037

1,059,671

Investments

3

96,753

96,753

1,123,790

1,156,424

CURRENT ASSETS

Debtors

8,616

224,871

Cash at bank and in hand

26,280

2,876

34,896

227,747

CREDITORS

Amounts falling due within one year

165,050

127,923

NET CURRENT (LIABILITIES)/ASSETS

(130,154

)

99,824

TOTAL ASSETS LESS CURRENT LIABILITIES

993,636

1,256,248

CREDITORS

Amounts falling due after more than one year

4

55,198

63,142

NET ASSETS

938,438

1,193,106

CAPITAL AND RESERVES

Called up share capital

5

3,000

3,000

Revaluation reserve

685,187

685,187

Profit and loss account

250,251

504,919

SHAREHOLDERS' FUNDS

938,438

1,193,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 12th December 2016 and were signed by:

F Riola - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st April 2015

1,340,461

Additions

10,299

Disposals

(193,845

)

At 31st March 2016

1,156,915

DEPRECIATION

At 1st April 2015

280,790

Charge for year

7,757

Eliminated on disposal

(158,669

)

At 31st March 2016

129,878

NET BOOK VALUE

At 31st March 2016

1,027,037

At 31st March 2015

1,059,671

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st April 2015

and 31st March 2016

96,753

NET BOOK VALUE

At 31st March 2016

96,753

At 31st March 2015

96,753

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

45,198

53,142

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

3,000

Ordinary

£1

3,000

3,000