REGISTERED NUMBER: 04637247 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Abbey Brass Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W Hubner

Mrs C A Hubner

R N Hubner

SECRETARY:

Mrs C A Hubner

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

BUSINESS ADDRESS:

The Coppice Barn

Darley Abbey Mills

Derby

Derbyshire

DE22 1DZ

REGISTERED NUMBER:

04637247 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

8,309

3,200

Tangible assets

5

12,809

16,126

21,118

19,326

CURRENT ASSETS

Stocks

63,800

67,903

Debtors

6

3,283

1,775

Cash at bank and in hand

62,627

59,631

129,710

129,309

CREDITORS

Amounts falling due within one year

7

110,304

99,083

NET CURRENT ASSETS

19,406

30,226

TOTAL ASSETS LESS CURRENT LIABILITIES

40,524

49,552

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

39,424

48,452

SHAREHOLDERS' FUNDS

40,524

49,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 3 November 2017 and were signed on its behalf by:

R N Hubner - Director

1.	STATUTORY INFORMATION

Abbey Brass Company 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 represents net invoiced sales of goods, excluding value added tax.

Intangible assets

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised

over its estimated useful life of five years from March 2015.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the period of the lease

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Registration plates are not depreciated.

Stocks

Stocks are stated at the lower of cost and net estimated selling price less selling costs, In determining

the cost, the weighted average purchase price is used.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Deferred taxation

Provision is made at current rates for taxation deferred in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2016

10,000

-

10,000

Additions

-

6,331

6,331

At 31 March 2017

10,000

6,331

16,331

AMORTISATION

At 1 April 2016

6,800

-

6,800

Charge for year

800

422

1,222

At 31 March 2017

7,600

422

8,022

NET BOOK VALUE

At 31 March 2017

2,400

5,909

8,309

At 31 March 2016

3,200

-

3,200

5.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

30,585

18,356

1,390

50,331

DEPRECIATION

At 1 April 2016

30,585

2,906

714

34,205

Charge for year

-

3,148

169

3,317

At 31 March 2017

30,585

6,054

883

37,522

NET BOOK VALUE

At 31 March 2017

-

12,302

507

12,809

At 31 March 2016

-

15,450

676

16,126

Included in motor vehicles are non depreciable assets of £2,856.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

908

-

Prepayments

2,375

1,775

3,283

1,775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,610

-

Tax

5,772

3,951

Social security and other taxes

2,886

3,647

Other creditors

527

785

Directors' current accounts

90,503

88,971

Accrued expenses

9,006

1,729

110,304

99,083

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

8,689

8,609