Abbott Training & Support Services Limited

Contents
	Page
Balance Sheet	1
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 03790090

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7		156		208

			156		208
CURRENT ASSETS
Debtors	8	-		7,600
Cash at bank and in hand		12,681		27,749

		12,681		35,349
Creditors: Amounts Falling Due Within One Year	9	(8,017 )		(30,508 )

NET CURRENT ASSETS (LIABILITIES)			4,664		4,841

TOTAL ASSETS LESS CURRENT LIABILITIES			4,820		5,049

NET ASSETS			4,820		5,049

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and loss account			4,720		4,949

SHAREHOLDERS' FUNDS			4,820		5,049

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Michael Abbott

9th August 2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	100	2,291	2,391
Profit for the year and total comprehensive income	-	37,658	37,658

Dividends paid	-	(35,000)	(35,000)

As at 31 March 2016 and 1 April 2016	100	4,949	5,049


Profit for the year and total comprehensive income	-	11,771	11,771

Dividends paid	-	(12,000)	(12,000)

As at 31 March 2017	100	4,720	4,820

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

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

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Reducing Balance

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2017	2016
	£	£
Wages and salaries	8,520	7,055

	8,520	7,055

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017		2016

5. Interest Payable

	2017	2016
	£	£
Bank loans and overdrafts	144	154

	144	154

Page 4

Abbott Training & Support Services Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

7. Tangible Assets


	Computer Equipment
	£
Cost
As at 1 April 2016	13,173

As at 31 March 2017	13,173

Depreciation
As at 1 April 2016	12,965
Provided during the period	52

As at 31 March 2017	13,017

Net Book Value
As at 31 March 2017	156

As at 1 April 2016	208

8. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	-	7,600

	-	7,600

9. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	506	49
Corporation tax	2,982	9,455
VAT	570	1,756
Other creditors	-	124
Directors' loan accounts	3,959	19,124

	8,017	30,508

10. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

11. Transactions With and Loans to Directors

Dividends paid to directors

Page 5

Abbott Training & Support Services Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

12. Dividends

	2017	2016
	£	£
On equity shares:
Interim dividend paid	12,000	35,000

	12,000	35,000

13. Related Party Transactions

The ultimate controlling party is Mr M Abbott By virtue of ownership of 60 % of the issued share capital in the company.