REGISTERED NUMBER: 03372963 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 1 FEBRUARY 2015 TO 29 FEBRUARY 2016

FOR

ABC 123 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P L Buckley FCA

P Pring FCA

A Kent

SECRETARY:

P L Buckley FCA

REGISTERED OFFICE:

Units 3 & 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

REGISTERED NUMBER:

03372963 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Units 3 & 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

2

-

20,132

CURRENT ASSETS

Stocks

-

37,239

Debtors

379,907

301,543

Cash at bank and in hand

-

4,270

379,907

343,052

CREDITORS

Amounts falling due within one year

3

307,954

244,000

NET CURRENT ASSETS

71,953

99,052

TOTAL ASSETS LESS CURRENT LIABILITIES

71,953

119,184

CREDITORS

Amounts falling due after more than one year

(70,993

)

(94,240

)

PROVISIONS FOR LIABILITIES

-

(933

)

NET ASSETS

960

24,011

CAPITAL AND RESERVES

Called up share capital

4

170

170

Profit and loss account

790

23,841

SHAREHOLDERS' FUNDS

960

24,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 November 2016 and were signed on its behalf by:

P L Buckley FCA - Director

P Pring FCA - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced fees receivable, excluding value added tax.

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

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

Employee benefit trust

During the year the Company made a contribution into The ABC 123 Limited 2015 Employee Benefit

Trust ("The Scheme") for the benefit of its officers, employees and their wider families.

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment

arrangements" the Company does not include the assets and liabilities of The Scheme on its balance

sheet to the extent that it considers that it will not retain any economic benefit from the assets of

The Scheme and will not have control of the rights or other access to those present economic

benefits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

59,056

Disposals

(59,056

)

At 29 February 2016

-

DEPRECIATION

At 1 February 2015

38,924

Charge for period

5,033

Eliminated on disposal

(43,957

)

At 29 February 2016

-

NET BOOK VALUE

At 29 February 2016

-

At 31 January 2015

20,132

3.

CREDITORS

Creditors include an amount of £ 67,036 (31.1.15 - £ 39,435 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

31.1.15

value:

£

£

160

Ordinary 'A'

£1

160

160

1

Ordinary 'B'

£1

1

1

1

Ordinary 'C'

£1

1

1

1

Ordinary 'D'

£1

1

1

1

Ordinary 'E'

£1

1

1

1

Ordinary 'F'

£1

1

1

1

Ordinary 'G'

£1

1

1

1

Ordinary 'H'

£1

1

1

1

Ordinary 'I'

£1

1

1

1

Ordinary 'J'

£1

1

1

1

Ordinary 'K'

£1

1

1

170

170

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 February 2016

and the year ended 31 January 2015:

29.2.16

31.1.15

£

£

P L Buckley FCA

Balance outstanding at start of period

12,314

(116,673

)

Amounts advanced

167,484

211,460

Amounts repaid

(113,442

)

(82,473

)

Balance outstanding at end of period

66,356

12,314

P Pring FCA

Balance outstanding at start of period

755

13,633

Amounts advanced

54,114

68,700

Amounts repaid

(61,519

)

(81,578

)

Balance outstanding at end of period

(6,650

)

755

6.	RELATED PARTY DISCLOSURES

The company's related parties, as defined by Financial Reporting Standard 8, the nature of the

relationship and the extent of the transactions with them are summarised below:

Mr P Buckley, a director of the company, was paid rent to the value of £NIL (2015: £Nil) for the

premises occupied by the company's offices.