REGISTERED NUMBER: 04703074 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

ABC BLACKPOOL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Wood

Mrs K T Wood

Mrs J Worsfold

P M P Worsfold

SECRETARY:

Mrs J Worsfold

REGISTERED OFFICE:

2A Peel Street

Farnworth

Bolton

Lancashire

BL4 8AA

REGISTERED NUMBER:

04703074 (England and Wales)

ACCOUNTANTS:

Steggles & Co

2A Peel Street

Farnworth

Bolton

BL4 8AA

BANKERS:

HSBC plc

2 Market Street

Bury

Lancashire

BL9 0AN

FIXED ASSETS

Tangible assets

4

267,227

265,287

CURRENT ASSETS

Debtors

5

283,843

243,483

Cash at bank and in hand

105,343

61,549

389,186

305,032

CREDITORS

Amounts falling due within one year

6

154,215

136,757

NET CURRENT ASSETS

234,971

168,275

TOTAL ASSETS LESS CURRENT LIABILITIES

502,198

433,562

CREDITORS

Amounts falling due after more than one year

7

(130,976

)

(144,613

)

PROVISIONS FOR LIABILITIES

(6,498

)

(5,038

)

NET ASSETS

364,724

283,911

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

364,624

283,811

SHAREHOLDERS' FUNDS

364,724

283,911

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 17 April 2018 and were signed on its behalf by:

R J Wood - Director

Mrs J Worsfold - Director

1.	STATUTORY INFORMATION

ABC Blackpool 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2016

260,925

64,900

325,825

Additions

-

16,216

16,216

At 31 July 2017

260,925

81,116

342,041

DEPRECIATION

At 1 August 2016

15,655

44,883

60,538

Charge for year

5,218

9,058

14,276

At 31 July 2017

20,873

53,941

74,814

NET BOOK VALUE

At 31 July 2017

240,052

27,175

267,227

At 31 July 2016

245,270

20,017

265,287

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

116,356

113,603

Amounts owed by associates

167,487

129,880

283,843

243,483

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans and overdrafts

19,402

19,402

Trade creditors

77,023

70,003

Taxation and social security

55,601

41,463

Other creditors

2,189

5,889

154,215

136,757

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans

130,976

144,613

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

53,368

67,005

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.17

31.7.16

£

£

Bank loans

150,378

164,015

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,000 were paid to the directors .

During the year additional loans totalling £38,000 were made to Archive Business Centre Limited whilst The Play

Pad Limited repaid £393. The balances on loan account at the 31 July 2017 were £147,487 (2016 - £109,487) and

£20,000 (2016 - £20,393) respectively.

The loans are interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.

11.	FIRST YEAR ADOPTION

The transition from the Financial Reporting Standard for Smaller Entities to Financial Reporting Standard 102

Section 1A has not affected the reported financial position and financial performance of the company.