Abbey Draughting Limited


FINANCIAL STATEMENTS


for the year ended 31st March 2016



Abbey Draughting Limited

CONTENTS

for the year ended 31st March 2016







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Abbey Draughting Limited

Company No. 06139246

STATEMENT OF FINANCIAL POSITION

as at 31st March 2016

2015
Note£££
FIXED ASSETS
Property, plant and equipment421702894
21702894
CURRENT ASSETS
Debtors5362413825
Cash at bank and in hand750022180
1112436005
CURRENT LIABILITIES
Creditors: amounts falling due
within one year61255138215
NET CURRENT LIABILITIES(1427)(2210)
TOTAL ASSETS LESS CURRENT LIABILITIES743684
 
Creditors: amounts falling due
after more than one year--
 
Provisions for liabilities and charges
Deferred taxation7474
 
NET ASSETS669610
 
CAPITAL AND RESERVES
Called up share capital101101
Retained earnings568509
SHAREHOLDERS FUNDS669610

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime.

For the year ended 31st March 2016 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006and 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.

Approved by the Board on 8 November 2016


I R Causer

Director

Company Number 06139246 (England)

Abbey Draughting Limited

NOTES TO THE ACCOUNTS

for the year ended 31st March 2016


1   Statutory information

Abbey Draughting Limited is a private company limited by shares and registered under company number 06139246 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent. DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Depreciation

Depreciation is provided on all property, plant and equipment, 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, machinery and vehicles25% reducing balance

Deferred Taxation

Provision is made for deferred taxation resulting from material timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

Deferred tax is calculated at the tax rates which are expected to apply in the periods when the timing differences will reverse.


3   Employee information

The average number of employees during the accounting period was 2 (2015 - 2).


4   Property, plant and equipment
 
PlantFixtures
andand
MachineryFittingsTotal
£££
Cost
At 1st April 2015 and
At 31st March 201660047595359
 
Depreciation
At 1st April 2015 41020552465
Charge for year48676724
At 31st March 201645827313189
 
Net Book Value
At 31st March 201614220282170
At 31st March 201519027042894

5   Debtors20162015
££
 
Trade Debtors362413822
Prepayments and accrued income-3
362413825

6   Creditors: amounts falling due within one year20162015
££
 
Loans and Overdrafts19981987
Corporation tax732115923
Taxes and social security costs9016689
Other creditors233113616
1255138215

7   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20162015
££
 
I R Causer11674988
11674988

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