REGISTERED NUMBER: 05606048 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

ABBIEPARK (GRIMSBY) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I D Parks

Mrs J Parks

SECRETARY:

I D Parks

REGISTERED OFFICE:

510 Cromwell Road

Grimsby

DN37 9JY

REGISTERED NUMBER:

05606048 (England and Wales)

ACCOUNTANTS:

Stevenson & Co

The Old Ambulance Station

Grammar School Road

Brigg

DN20 8AF

FIXED ASSETS

Tangible assets

4

2,963

2,704

CURRENT ASSETS

Stocks

595

624

Debtors

5

17,308

18,789

Cash at bank

4,758

7,503

22,661

26,916

CREDITORS

Amounts falling due within one year

6

23,008

28,517

NET CURRENT LIABILITIES

(347

)

(1,601

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,616

1,103

PROVISIONS FOR LIABILITIES

7

363

455

NET ASSETS

2,253

648

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

2,251

646

SHAREHOLDERS' FUNDS

2,253

648

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 12 July 2018 and were signed on its behalf by:

I D Parks - Director

1.	STATUTORY INFORMATION

Abbiepark (Grimsby) 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 etc

-

20% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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

machinery

etc

£

COST

At 1 November 2016

13,222

Additions

800

At 31 October 2017

14,022

DEPRECIATION

At 1 November 2016

10,518

Charge for year

541

At 31 October 2017

11,059

NET BOOK VALUE

At 31 October 2017

2,963

At 31 October 2016

2,704

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

12,333

13,955

Other debtors

4,975

4,834

17,308

18,789

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans and overdrafts

-

7,206

Trade creditors

2,027

1,833

Tax

6,065

3,107

Social security and other taxes

92

177

Wages control

842

824

VAT

2,650

3,097

Directors' current accounts

8,542

9,378

Accrued expenses

2,790

2,895

23,008

28,517

7.	PROVISIONS FOR LIABILITIES

31.10.17

31.10.16

£

£

Deferred tax

363

455

Deferred

tax

£

Balance at 1 November 2016

455

Provided during year

(92

)

Balance at 31 October 2017

363

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 November 2016

646

Profit for the year

25,605

Dividends

(24,000

)

At 31 October 2017

2,251

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 were paid to the directors .

The Company is controlled by the Directors who own 100% of the Share Capital.

The Directors' Current Account is repayable on demand.