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REGISTERED NUMBER: 04604362 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

ABC MAGAZINES LIMITED
ABC MAGAZINES LIMITED (REGISTERED NUMBER: 04604362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABC MAGAZINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2017







DIRECTORS: Mrs R C Boyle
R I S Boyle





SECRETARY: PP Secretaries Limited





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 04604362 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ
Page 1
ABC MAGAZINES LIMITED (REGISTERED NUMBER: 04604362)

BALANCE SHEET
31ST DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 421 842

CURRENT ASSETS
Debtors 5 15 46,469
Cash at bank 35,841 27,493
35,856 73,962
CREDITORS
Amounts falling due within one year 6 4,014 4,854
NET CURRENT ASSETS 31,842 69,108
TOTAL ASSETS LESS CURRENT
LIABILITIES
32,263
69,950

PROVISIONS FOR LIABILITIES - 168
NET ASSETS 32,263 69,782

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 32,262 69,781
SHAREHOLDERS' FUNDS 32,263 69,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 19th March 2018 and were signed on its
behalf by:



Mrs R C Boyle - Director


The notes form part of these financial statements

Page 2
ABC MAGAZINES LIMITED (REGISTERED NUMBER: 04604362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017

1. STATUTORY INFORMATION

ABC Magazines 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial
statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like trade and other accounts receivable and payable, loans from banks
and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in profit or loss.

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.

Page 3 continued...
ABC MAGAZINES LIMITED (REGISTERED NUMBER: 04604362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2017

2. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property
and equipment, are reviewed to determine whether there is an indication that an asset may be
impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group
of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated
and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the
asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit
or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st January 2017
and 31st December 2017 1,262
DEPRECIATION
At 1st January 2017 420
Charge for year 421
At 31st December 2017 841
NET BOOK VALUE
At 31st December 2017 421
At 31st December 2016 842

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Alphabet publishing Ltd - 46,277
VAT 15 192
15 46,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax 2,148 517
Directors' current accounts 866 3,337
Accrued expenses 1,000 1,000
4,014 4,854

Page 4