REGISTERED NUMBER: 03679097 (England and Wales)

Financial Statements

for the Year Ended 31 December 2016

for

ABC Macintosh Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J G McDowall

SECRETARY:

Mrs B Maclot

REGISTERED OFFICE:

Unit B

18 Brunel Road

Earlstree Industrial Estate

Corby

Northamptonshire

NN17 4JW

REGISTERED NUMBER:

03679097 (England and Wales)

ACCOUNTANTS:

SB&P LLP

Chartered Accountants

Oriel House

2/8 Oriel Road

Bootle

Merseyside

L20 7EP

FIXED ASSETS

Intangible assets

4

33

50

Tangible assets

5

84,451

80,744

84,484

80,794

CURRENT ASSETS

Stocks

154,836

141,868

Debtors

6

415,977

238,761

Cash at bank

11,580

8,063

582,393

388,692

CREDITORS

Amounts falling due within one year

7

409,107

309,114

NET CURRENT ASSETS

173,286

79,578

TOTAL ASSETS LESS CURRENT LIABILITIES

257,770

160,372

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

257,768

160,370

SHAREHOLDERS' FUNDS

257,770

160,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 director on 22 August 2017 and were signed by:

J G McDowall - Director

1.	STATUTORY INFORMATION

ABC Macintosh 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.

Turnover represents the value of goods sold during the year net of VAT. Turnover is recognised when goods are

physically delivered to the customer. Invoiced deliveries at the year end are included in debtors.

Goodwill

Goodwill costs are capitalised and amortised by 20% on straight line.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents

Patent costs are capitalised and amortised by 10% on straight line.

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

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated

residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property straight line

Plant and machinery 25% Reducing balance

Office Equipment 25% Reducing balance

Fixtures & Fittings 25% Reducing balance

Motor Vehicles 25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

10,000

6,683

16,683

AMORTISATION

At 1 January 2016

10,000

6,633

16,633

Charge for year

-

17

17

At 31 December 2016

10,000

6,650

16,650

NET BOOK VALUE

At 31 December 2016

-

33

33

At 31 December 2015

-

50

50

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2016

57,091

89,882

9,426

Additions

-

-

541

At 31 December 2016

57,091

89,882

9,967

DEPRECIATION

At 1 January 2016

17,936

60,831

6,163

Charge for year

5,709

5,810

861

At 31 December 2016

23,645

66,641

7,024

NET BOOK VALUE

At 31 December 2016

33,446

23,241

2,943

At 31 December 2015

39,155

29,051

3,263

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2016

9,745

25,994

192,138

Additions

-

18,641

19,182

At 31 December 2016

9,745

44,635

211,320

DEPRECIATION

At 1 January 2016

8,770

17,694

111,394

Charge for year

243

2,852

15,475

At 31 December 2016

9,013

20,546

126,869

NET BOOK VALUE

At 31 December 2016

732

24,089

84,451

At 31 December 2015

975

8,300

80,744

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

250,967

91,822

Other debtors

165,010

146,939

415,977

238,761

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

150,423

91,759

Trade creditors

113,397

80,489

Taxation and social security

87,062

30,123

Other creditors

58,225

106,743

409,107

309,114

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

£

RBS Invoice Finance Ltd

150,423

69,647

The loan is secured on a selection of the trade debtors of the company.

9.	CONTROLLING PARTY

The controlling party is J G McDowall.