ABW Management Limited - Filleted accounts

Registered number

04622086

ABW Management Limited

Unaudited Filleted Accounts

31 March 2018

ABW Management Limited
Registered number:		04622086
Balance Sheet
as at 31 March 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	3		86			128

Current assets
Debtors	4	12,672			11,033
Cash at bank and in hand		4,639			16,045
		17,311			27,078

Creditors: amounts falling due within one year	5	(10,772)			(16,148)

Net current assets			6,539			10,930

Total assets less current liabilities			6,625			11,058


Provisions for liabilities			(16)			(24)


Net assets			6,609			11,034

Capital and reserves
Called up share capital			100			100
Profit and loss account			6,509			10,934

Shareholders' funds			6,609			11,034

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A B Wilkinson
Director
Approved by the board on 18 June 2018

ABW Management Limited
Notes to the Accounts
for the year ended 31 March 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	reducing balance - 33%

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2018		2017
Number				Number

	Average number of persons employed by the company		4		4


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2017				1,233
	At 31 March 2018				1,233

	Depreciation
	At 1 April 2017				1,105
	On disposals				42
	At 31 March 2018				1,147

	Net book value
	At 31 March 2018				86
	At 31 March 2017				128


4	Debtors		2018		2017
£				£

	Trade debtors		12,106		10,524
	Other debtors		566		509
			12,672		11,033


5	Creditors: amounts falling due within one year		2018		2017
£				£

	Trade creditors		71		274
	Taxation and social security costs		35		1,789
	Other creditors		10,666		14,085
			10,772		16,148


6	Other information

	ABW Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
	26 The Binghams
	Braywick
	Maidenhead
	Berkshire
	SL6 2ES