REGISTERED NUMBER: 04244417 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

A B TURNKEY SOLUTIONS FOR MANUFACTURING

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Boughton

A A Boughton

Mrs G A Boughton

J Boughton

SECRETARY:

Mrs G A Boughton

REGISTERED OFFICE:

2 The Enigma Centre

Bilton Road

Bletchley

Milton Keynes

Buckinghamshire

MK1 1HW

REGISTERED NUMBER:

04244417 (England and Wales)

ACCOUNTANTS:

Taylor Roberts

Unit 9b

Upper Wingbury Farm

Wingrave

Aylesbury

Buckinghamshire

HP22 4LW

FIXED ASSETS

Intangible assets

4

32,201

42,716

Tangible assets

5

734,183

764,671

766,384

807,387

CURRENT ASSETS

Stocks

21,110

26,501

Debtors

6

328,838

424,981

Cash at bank

308,333

57,810

658,281

509,292

CREDITORS

Amounts falling due within one year

7

429,473

374,494

NET CURRENT ASSETS

228,808

134,798

TOTAL ASSETS LESS CURRENT LIABILITIES

995,192

942,185

CREDITORS

Amounts falling due after more than one year

8

(533,376

)

(606,695

)

PROVISIONS FOR LIABILITIES

(34,519

)

(38,591

)

NET ASSETS

427,297

296,899

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

426,297

295,899

SHAREHOLDERS' FUNDS

427,297

296,899

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

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

The financial statements were approved by the Board of Directors on 10 August 2017 and were signed on its behalf by:

A P Boughton - Director

A A Boughton - Director

1.	STATUTORY INFORMATION

A B Turnkey Solutions For Manufacturing 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.

Significant judgements and estimates

The preparation of the financial statements required management to note judgements and estimates that affect the

reported amounts of assets and liabilities at the balance sheet date and the reported profits for the financial year. There

are no significant judgements or sources of estimation uncertainty that require specific disclosure in addition to the

disclosures in the accounting policies adopted by the company and set out below.

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

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

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.

Financial instruments

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts

receivable and payable, are initially measured at the present value of the future cash flows and subsequently at

amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured,

initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or

received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective

evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the

asset and settle the liability simultaneously.

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.

Employer financed retirement benefit scheme (efrbs)

The company has established trusts for the benefit of employees and persons connected with them. Monies held in

these trust are held by independent trustees and managed at their discretion. The trustees are empowered to provide

both retirement and other employee benefits.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the

trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an allocation of

trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified

individuals.

Where monies held in a trust are determined by the company on the basis of employees' past services to the business

and the company can obtain no future economic benefit from those monies, such monies, whether in the trust or

accrued for by the company are charged to the profit and loss account in the period to which they relate.

Where monies held in a trust are determined by the company on the basis of employees' past services to the business

and are payable after completion of the employment, such monies are charged to the profit and loss account in the

period during which services are rendered by employees.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2016

and 31 January 2017

105,149

AMORTISATION

At 1 February 2016

62,433

Charge for year

10,515

At 31 January 2017

72,948

NET BOOK VALUE

At 31 January 2017

32,201

At 31 January 2016

42,716

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2016

551,659

251,932

83,398

20,887

907,876

Additions

-

20,876

7,573

770

29,219

Disposals

-

-

(11,111

)

-

(11,111

)

At 31 January 2017

551,659

272,808

79,860

21,657

925,984

DEPRECIATION

At 1 February 2016

-

93,429

41,495

8,281

143,205

Charge for year

-

41,318

11,595

3,313

56,226

Eliminated on disposal

-

-

(7,630

)

-

(7,630

)

At 31 January 2017

-

134,747

45,460

11,594

191,801

NET BOOK VALUE

At 31 January 2017

551,659

138,061

34,400

10,063

734,183

At 31 January 2016

551,659

158,503

41,903

12,606

764,671

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2016

and 31 January 2017

88,000

27,200

115,200

DEPRECIATION

At 1 February 2016

17,600

5,440

23,040

Charge for year

17,600

5,440

23,040

At 31 January 2017

35,200

10,880

46,080

NET BOOK VALUE

At 31 January 2017

52,800

16,320

69,120

At 31 January 2016

70,400

21,760

92,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

324,646

424,901

Other debtors

4,192

80

328,838

424,981

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

40,077

35,556

Hire purchase contracts

31,770

31,590

Trade creditors

140,548

84,499

Taxation and social security

130,095

134,211

Other creditors

86,983

88,638

429,473

374,494

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

267,785

309,334

Hire purchase contracts

15,591

47,361

Other creditors

250,000

250,000

533,376

606,695

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

95,647

149,843

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

307,862

344,890

All monies due to National Westminster Bank plc are secured by a fixed charge debenture on the freehold property and

other assets of the company.

10.	CONTINGENT LIABILITIES

The company has appointed assets to an Employer Financed Retirement Benefit Scheme. The company is liable for

PAYE/NIC that may arise on awards made by the Trustees. The Directors are of the opinion that the Trustees will

award most of the benefits in a way that will not result in a PAYE/NIC liability.

11.	FIRST YEAR ADOPTION

A B Turnkey Solutions For Manufacturing Limited prepares its first financial statements that comply with FRS 102 for

the year ended 31 January 2017. The date of transition is 1 February 2015. For A B Turnkey Solutions For

Manufacturing Limited the transition to FRS 102 has not resulted in any changes in accounting policies to those

previously used.