REGISTERED NUMBER: 05905692 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

ABM Groundworks Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W Mainwaring

Mrs M B Mainwaring

SECRETARY:

Mr. A W Mainwaring

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

REGISTERED NUMBER:

05905692 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Intangible assets

4

30,000

30,000

Tangible assets

5

17,244

22,026

47,244

52,026

CURRENT ASSETS

Debtors

609

2,415

CREDITORS

Amounts falling due within one year

31,890

35,571

NET CURRENT LIABILITIES

(31,281

)

(33,156

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,963

18,870

CREDITORS

Amounts falling due after more than one year

(12,989

)

(14,949

)

PROVISIONS FOR LIABILITIES

(2,725

)

(3,825

)

NET ASSETS

249

96

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

148

(5

)

SHAREHOLDERS' FUNDS

249

96

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 March 2018 and were signed on its behalf by:

A W Mainwaring - Director

1.	STATUTORY INFORMATION

ABM Groundworks 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.

Goodwill

The company acquired goodwill of £30,000 in 2006. The goodwill is not being amortised, as the Directors believe that the

carrying value of the goodwill equals its residual value.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future

payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

and 31 August 2017

30,000

NET BOOK VALUE

At 31 August 2017

30,000

At 31 August 2016

30,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

and 31 August 2017

54,919

DEPRECIATION

At 1 September 2016

32,893

Charge for year

4,782

At 31 August 2017

37,675

NET BOOK VALUE

At 31 August 2017

17,244

At 31 August 2016

22,026

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 September 2016

and 31 August 2017

23,000

DEPRECIATION

At 1 September 2016

5,750

Charge for year

4,313

At 31 August 2017

10,063

NET BOOK VALUE

At 31 August 2017

12,937

At 31 August 2016

17,250

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Director Loan Account

Amount owing to the Directors as at 01/09/16 £ 9,437

Movement in the period £ 6,216

Amount owing to the Directors as at 31/08/17 £15,653

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr AW Mainwaring.