REGISTERED NUMBER: 05985754 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Abbeydale DIY Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Croydon

Mrs K A Croydon

REGISTERED OFFICE:

552 Abbeydale Road

Sheffield

South Yorkshire

S7 1TD

REGISTERED NUMBER:

05985754 (England and Wales)

ACCOUNTANTS:

Westons Business Solutions Ltd

1 Vincent House

149 Solly Street

Sheffield

South Yorkshire

S1 4BB

FIXED ASSETS

Intangible assets

4

11,723

14,654

Tangible assets

5

1,196

1,616

12,919

16,270

CURRENT ASSETS

Stocks

21,050

22,000

Debtors

6

4,089

2,803

Cash at bank and in hand

9,604

32,453

34,743

57,256

CREDITORS

Amounts falling due within one year

7

41,605

67,922

NET CURRENT LIABILITIES

(6,862

)

(10,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,057

5,604

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,957

5,504

SHAREHOLDERS' FUNDS

6,057

5,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 10 January 2018 and were signed on its behalf by:

S Croydon - Director

1.	STATUTORY INFORMATION

Abbeydale DIY Limited is a private company , limited by shares , registered in England and Wales. The

company's registered number is 05985754 and registered office address is 552 Abbeydale Road , Sheffield ,

South Yorkshire , S7 1TD.

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.

These financial statements for the year ended 30 April 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1 May 2015. The transition to FRS 102 Section 1A

small entities has resulted in no changes to the results .

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 the business, is being amortised evenly

over its estimated useful life of five years from 1 May 2016.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

40,000

AMORTISATION

At 1 May 2016

25,346

Amortisation for year

2,931

At 30 April 2017

28,277

NET BOOK VALUE

At 30 April 2017

11,723

At 30 April 2016

14,654

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2016

and 30 April 2017

612

8,999

732

10,343

DEPRECIATION

At 1 May 2016

570

7,444

713

8,727

Charge for year

12

389

19

420

At 30 April 2017

582

7,833

732

9,147

NET BOOK VALUE

At 30 April 2017

30

1,166

-

1,196

At 30 April 2016

42

1,555

19

1,616

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

613

1,775

Other debtors

3,476

1,028

4,089

2,803

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

7,336

8,172

Taxation and social security

1,039

11,081

Other creditors

33,230

48,669

41,605

67,922

8.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet of £2,863 ( 2016 £6,299 )