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Company Registration No. 06517157 (England and Wales)
A & B REFURBISHMENT LTD Unaudited accounts for the year ended 31 March 2017
A & B REFURBISHMENT LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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A & B REFURBISHMENT LTD Company Information for the year ended 31 March 2017
Director
Arben Lleshi
Company Number
06517157 (England and Wales)
Registered Office
SUITE 27 SPACE HOUSE BUSINESS CENTRE ABBEY ROAD LONDON NW10 7SU ENGLAND
Accountants
Major's Accounts & Co Ltd 118 Sydenham Road Sydenham London SE26 5JX
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A & B REFURBISHMENT LTD Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
46,184 
61,579 
Current assets
Debtors
5
59,522 
- 
Cash at bank and in hand
116,478 
73,354 
176,000 
73,354 
Creditors: amounts falling due within one year
6
(208,279)
164,745 
Net current (liabilities)/assets
(32,279)
238,099 
Total assets less current liabilities
13,905 
299,678 
Creditors: amounts falling due after more than one year
7
(13,901)
(23,471)
Net assets
4 
276,207 
Capital and reserves
Called up share capital
8
4 
4 
Profit and loss account
- 
276,203 
Shareholders' funds
4 
276,207 
For the year ending 31 March 2017 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 December 2017.
Arben Lleshi Director Company Registration No. 06517157
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A & B REFURBISHMENT LTD Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
A & B REFURBISHMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 06517157. The registered office is SUITE 27 SPACE HOUSE BUSINESS CENTRE, ABBEY ROAD, LONDON, NW10 7SU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
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A & B REFURBISHMENT LTD Notes to the Accounts for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2016
26,966 
51,731 
78,697 
At 31 March 2017
26,966 
51,731 
78,697 
Depreciation
At 1 April 2016
7,991 
9,127 
17,118 
Charge for the year
4,744 
10,651 
15,395 
At 31 March 2017
12,735 
19,778 
32,513 
Net book value
At 31 March 2017
14,231 
31,953 
46,184 
At 31 March 2016
18,975 
42,604 
61,579 
2017 
2016 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
6,525 
8,700 
- Motor vehicles
19,969 
26,625 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
846 
- 
Accrued income and prepayments
2,583 
- 
Other debtors
56,093 
- 
59,522 
- 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,570 
9,569 
Trade creditors
119,890 
47,357 
Taxes and social security
178,897 
144,221 
Other creditors
4,564 
- 
Loans from directors
(106,492)
(365,892)
Accruals
1,850 
- 
208,279 
(164,745)
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
13,901 
23,471 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
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A & B REFURBISHMENT LTD Notes to the Accounts for the year ended 31 March 2017
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Arben Lleshi
Director's Current Account
365,892 
181,328 
440,728 
106,492 
365,892 
181,328 
440,728 
106,492 
Outstanding loans of £365,892 from previous years were written off by the company in April 2016. These accounts include a charge to bad debts to recognise this loss.
10
Average number of employees
During the year the average number of employees was 5 (2016: 5).
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