REGISTERED NUMBER: 05318368 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

ABOVE BOARD FIXINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

K A Reed

S M Reed

J Reed

SECRETARY:

First Instance Secretariat Limited

REGISTERED OFFICE:

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

REGISTERED NUMBER:

05318368 (England and Wales)

ACCOUNTANTS:

Monetaire

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

FIXED ASSETS

Tangible assets

4

630

719

CURRENT ASSETS

Stocks

13,371

-

Debtors

5

14,413

23,106

Cash at bank

1,468

2,449

29,252

25,555

CREDITORS

Amounts falling due within one year

6

29,615

25,717

NET CURRENT LIABILITIES

(363

)

(162

)

TOTAL ASSETS LESS CURRENT LIABILITIES

267

557

PROVISIONS FOR LIABILITIES

120

-

CAPITAL AND RESERVES

Called up share capital

103

102

Retained earnings

44

455

SHAREHOLDERS' FUNDS

147

557

267

557

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 24 November 2017 and were signed on its behalf by:

S M Reed - Director

1.	STATUTORY INFORMATION

Above Board Fixings 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2016

141

4,000

-

4,141

Additions

-

-

122

122

At 28 February 2017

141

4,000

122

4,263

DEPRECIATION

At 1 March 2016

134

3,288

-

3,422

Charge for year

2

178

31

211

At 28 February 2017

136

3,466

31

3,633

NET BOOK VALUE

At 28 February 2017

5

534

91

630

At 29 February 2016

7

712

-

719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

6,018

5,989

Other debtors

8,395

17,117

14,413

23,106

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

4,923

Trade creditors

3,882

4,990

Taxation and social security

12,230

6,668

Other creditors

13,503

9,136

29,615

25,717

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2017 and

29 February 2016:

2017

2016

£

£

S M Reed

Balance outstanding at start of year

11,521

-

Amounts advanced

41,830

11,521

Amounts repaid

(57,371

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,020

)

11,521

K A Reed

Balance outstanding at start of year

-

-

Amounts advanced

15,760

-

Amounts repaid

(15,804

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(44

)

-

J Reed

Balance outstanding at start of year

-

-

Amounts advanced

11,901

-

Amounts repaid

(12,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(99

)

-

Dividends totalling £15,060 (2016 - £700) were paid to S Reed, £14,900 (2016 - nil) were paid to K Reed and

£12,000 (2016 - nil) were paid to J Reed.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Above Board Fixings Limited for the year ended 28 February 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Above Board Fixings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Above Board Fixings Limited and state those matters that we have agreed to state to the Board of Directors of Above Board Fixings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Above Board Fixings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Above Board Fixings Limited. You consider that Above Board Fixings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Above Board Fixings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Monetaire

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

24 November 2017