Abbey Gardening Services Limited - Period Ending 2016-11-30

Abbey Gardening Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016

Abbey Gardening Services Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Abbey Gardening Services Limited
(Registration number: 06492406)
Abbreviated Balance Sheet at 30 November 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		8,624	11,545
Current assets
Debtors		30,127	17,586
Cash at bank and in hand		21,480	24,122
		51,607	41,708
Creditors: Amounts falling due within one year		(57,893)	(44,064)
Net current liabilities		(6,286)	(2,356)
Total assets less current liabilities		2,338	9,189
Provisions for liabilities		(1,725)	(2,309)
Net assets		613	6,880
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		513	6,780
Shareholders' funds		613	6,880

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 6 April 2017

.........................................
Mr JW Szabo
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Abbey Gardening Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover is calculated on the basis of work done during the year at the rate to be billed to clients.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful eoncomic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Motor vehicles	25% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as reuired by FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Abbey Gardening Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2015	22,110	22,110
At 30 November 2016	22,110	22,110
Depreciation
At 1 December 2015	10,565	10,565
Charge for the year	2,921	2,921
At 30 November 2016	13,486	13,486
Net book value
At 30 November 2016	8,624	8,624
At 30 November 2015	11,545	11,545

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

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