REGISTERED NUMBER: 00363475 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

ABBOTT & COMPANY (WESSEX) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Dee Shapland

D F Crockford

J D Givons

T C Pitts

SECRETARY:

D F Crockford

REGISTERED OFFICE:

Abberley House

Park Street

Cirencester

Gloucestershire

GL7 2BX

REGISTERED NUMBER:

00363475 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

2

6,140

8,097

CURRENT ASSETS

Stocks

8,818

54,236

Debtors

620,248

491,879

Cash at bank and in hand

13,902

31,086

642,968

577,201

CREDITORS

Amounts falling due within one year

3

553,847

489,607

NET CURRENT ASSETS

89,121

87,594

TOTAL ASSETS LESS CURRENT LIABILITIES

95,261

95,691

PROVISIONS FOR LIABILITIES

1,228

1,620

NET ASSETS

94,033

94,071

CAPITAL AND RESERVES

Called up share capital

4

40,750

40,750

Profit and loss account

53,283

53,321

SHAREHOLDERS' FUNDS

94,033

94,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 February 2017 and were signed on its behalf by:

S Dee Shapland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, and after trade discounts.

Revenue is recognised on provision of goods or services.

Tangible fixed assets

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

Plant and machinery

-

50% on cost and 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stock represents any forward purchase of any traded commodity held in stock against future sales. It

also includes prepayments made in respect of expenses incurred against crops the company

subsequently intend to procure at harvest time. Where the yield from the harvest is not known with any

certainty no profit is recognised on the sale under the rules of SSAP 9.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue

as a going concern have been identified by the directors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

110,180

Additions

284

At 31 May 2016

110,464

DEPRECIATION

At 1 June 2015

102,083

Charge for year

2,241

At 31 May 2016

104,324

NET BOOK VALUE

At 31 May 2016

6,140

At 31 May 2015

8,097

3.

CREDITORS

Creditors include an amount of £ 68,014 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

40,000

Ordinary

£1

40,000

40,000

750

3.5% Cumulative Preference

£1

750

750

40,750

40,750

On a winding up the holders of the 3.5% Cumulative Preference shares are entitled to repayment of

capital together with all arrears of dividends in priority to any other class of share. The shares confer

no further right to participate in the assets of the company. Holders are not entitled to attend or vote at

any general meeting.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

6.	RELATED PARTY DISCLOSURES