| Abbey Financial Services (N.I.) Limited |
| Registered Number:NI068339 |
For the year ended 31 March 2018
Northern Ireland
Unaudited Financial Statements
For the year ended 31 March 2018
Abbey Financial Services (N.I.) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Abbey Financial Services (N.I.) Limited
Statement of Financial Position
2017
2018
| Property, plant and equipment |
3,551
4,030
2
3,551
4,030
| Trade and other receivables |
-
1,033
3
172,415
| Cash and cash equivalents |
285,376
286,409
172,415
| Trade and other payables: amounts falling due within one |
| year |
(46,851)
(81,590)
4
125,564
204,819
Net current assets
| Total assets less current liabilities |
208,370
129,594
(508)
(592)
| Provisions for liabilities |
207,862
Net assets
129,002
10,000
10,000
45,000
45,000
152,862
74,002
207,862
129,002
Shareholders' funds
| For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| Mr Conor McAneney Director |
| Mr Niall McGeown Director |
| These financial statements were approved and authorised for issue by the Board on 14 May 2018 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2018
Abbey Financial Services (N.I.) Limited
Notes to the Financial Statements
Statutory Information
| Abbey Financial Services (N.I.) Limited is a private limited company, limited by shares, domiciled in Northern Ireland, |
| registration number NI068339. |
Melbourne Terrace
18 Russell Street
Armagh
County Armagh
BT61 9BS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Furniture and Fittings
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| 2. Property, plant and equipment |
17,536
14,211
3,325
3,325
14,211
17,536
| Provision for depreciation and impairment |
13,506
12,927
579
Charge for year
479
424
55
13,985
13,351
634
2,691
860
3,551
2,746
1,284
4,030
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For the year ended 31 March 2018
Abbey Financial Services (N.I.) Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2017
2018
1,033
-
| 4. Trade and other payables: amounts falling due within one year |
2017
2018
| Taxation and social security |
25,402
16,596
56,188
30,255
81,590
46,851
| 5. Average number of persons employed |
During the year the average number of employees was 5 (2017 : 5)
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