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REGISTERED NUMBER: 04504856 (England and Wales)














ABBEY MOTORIST CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017






ABBEY MOTORIST CENTRE LIMITED (REGISTERED NUMBER: 04504856)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ABBEY MOTORIST CENTRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2017







DIRECTORS: G Page
R Clarke





SECRETARY: G Page





REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH





REGISTERED NUMBER: 04504856 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

ABBEY MOTORIST CENTRE LIMITED (REGISTERED NUMBER: 04504856)

ABRIDGED BALANCE SHEET
31 AUGUST 2017

31.8.17 31.8.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,500
Tangible assets 5 3,096 3,006
13,096 15,506

CURRENT ASSETS
Stocks 6,500 9,500
Debtors (20 ) 4,375
Cash at bank 1,371 3,110
7,851 16,985
CREDITORS
Amounts falling due within one year 19,141 32,355
NET CURRENT LIABILITIES (11,290 ) (15,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,806

136

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,706 36
SHAREHOLDERS' FUNDS 1,806 136

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 MOTORIST CENTRE LIMITED (REGISTERED NUMBER: 04504856)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 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 31 August 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 31 January 2018 and were signed on its behalf by:





G Page - Director


ABBEY MOTORIST CENTRE LIMITED (REGISTERED NUMBER: 04504856)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2017

1. STATUTORY INFORMATION

Abbey Motorist Centre 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 MOTORIST CENTRE LIMITED (REGISTERED NUMBER: 04504856)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2016
and 31 August 2017 25,000
AMORTISATION
At 1 September 2016 12,500
Amortisation for year 2,500
At 31 August 2017 15,000
NET BOOK VALUE

At 31 August 2017 10,000
At 31 August 2016 12,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2016 25,115
Additions 1,123
At 31 August 2017 26,238
DEPRECIATION
At 1 September 2016 22,109
Charge for year 1,033
At 31 August 2017 23,142
NET BOOK VALUE
At 31 August 2017 3,096
At 31 August 2016 3,006

6. FIRST YEAR ADOPTION

No adjustments were required to be made to the company's prior year figures in respect of the transition of the
basis of preparing the financial statements from UK GAAP to Financial Reporting Standard 102 (FRS102).