ABBI_CONSULTING_ENGINEERS

ABBI CONSULTING ENGINEERS LTD

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ABBI CONSULTING ENGINEERS LTD FOR THE YEAR ENDED 30 SEPTEMBER 2016

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The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abbi Consulting Engineers Ltd for the year ended 30 September 2016 which comprise the Profit and Loss Account, the 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Abbi Consulting Engineers Ltd, 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 Abbi Consulting Engineers Ltd and state those matters that we have agreed to state to the Board of Directors of Abbi Consulting Engineers Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbi Consulting Engineers Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Abbi Consulting Engineers Ltd 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 loss of Abbi Consulting Engineers Ltd. You consider that Abbi Consulting Engineers Ltd 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 Abbi Consulting Engineers Ltd. 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.

Ostrich Accountancy LLP

10 November 2017

Accountants

Regency House

48 Birmingham Road

Bromsgrove

Worcestershire

England

B61 ODD

ABBI CONSULTING ENGINEERS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

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2016

2015

Notes

Fixed assets

Tangible assets

917

1,146

Current assets

Debtors

3,695

Cash at bank and in hand

3,718

Creditors: amounts falling due within one year

(15,208)

(6,374)

Net current liabilities

(11,490)

(6,367)

Total assets less current liabilities

(10,573)

(5,221)

Capital and reserves

Called up share capital

100

Profit and loss account

(10,673)

(5,321)

Shareholders' funds

(10,573)

(5,221)

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 10 November 2017

Mr A Y Osuji

Director

Company Registration No. 04179708

ABBI CONSULTING ENGINEERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% on reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

Fixed assets

Tangible assets

Cost

At 1 October 2015 & at 30 September 2016

1,790

Depreciation

At 1 October 2015

644

Charge for the year

229

At 30 September 2016

873

Net book value

At 30 September 2016

917

At 30 September 2015

1,146

ABBI CONSULTING ENGINEERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

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Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary A of £1 each

100

Related party relationships and transactions

Directors advances, credits and guarantees

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A Y Osuji - Loan account

3,695

The director's loan account was repaid within nine months of the year end.