REGISTERED NUMBER: 03355709 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Abba Cars Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Burch

M W Hyam

SECRETARY:

D R Burch

REGISTERED OFFICE:

Blue House Farm Office

Brentwood Road

West Horndon

Essex

CM13 3LX

REGISTERED NUMBER:

03355709 (England and Wales)

ACCOUNTANTS:

The Randall's Partnsership Ltd

Chartered Accountants

Blue House Farm Office

Brentwood Road

West Horndon

Essex

CM13 3LX

FIXED ASSETS

Intangible assets

4

-

250

Tangible assets

5

238,049

259,726

238,049

259,976

CURRENT ASSETS

Debtors

6

288,043

293,665

Cash at bank

16,133

16,133

304,176

309,798

CREDITORS

Amounts falling due within one year

7

109,845

125,942

NET CURRENT ASSETS

194,331

183,856

TOTAL ASSETS LESS CURRENT LIABILITIES

432,380

443,832

CREDITORS

Amounts falling due after more than one year

8

93,443

102,939

NET ASSETS

338,937

340,893

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

338,837

340,793

SHAREHOLDERS' FUNDS

338,937

340,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Board of Directors on 27 November 2017 and were signed on its behalf by:

D R Burch - Director

1.	STATUTORY INFORMATION

Abba Cars Ltd 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 represents the value of sales to customers, net of discounts, allowances, volume

and promotional rebates and other payments to customers and excludes VAT. Sale of

goods are recognised when the company has delivered product to the customer, the

customer has accepted the products and collectability of the related receivable is reasonably

assured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 29 February 2016

and 28 February 2017

5,000

AMORTISATION

At 29 February 2016

4,750

Charge for year

250

At 28 February 2017

5,000

NET BOOK VALUE

At 28 February 2017

-

At 28 February 2016

250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2016

719,572

Additions

24,107

At 28 February 2017

743,679

DEPRECIATION

At 29 February 2016

459,846

Charge for year

45,784

At 28 February 2017

505,630

NET BOOK VALUE

At 28 February 2017

238,049

At 28 February 2016

259,726

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade debtors

29,074

24,485

Other debtors

258,969

269,180

288,043

293,665

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade creditors

75,594

89,739

Taxation and social security

11,280

16,366

Other creditors

22,971

19,837

109,845

125,942

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

28.2.16

£

£

Bank loans

28,509

29,964

Hire purchase contracts

64,934

72,975

93,443

102,939

9.	ULTIMATE CONTROLLING PARTY