REGISTERED NUMBER: 00323276 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Abbey Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Mrs S E MacIntyre

R H White

Mrs N C White

SECRETARY:

Mrs N C White

REGISTERED OFFICE:

1 Concorde Road

Norwich

Norfolk

NR6 6BH

REGISTERED NUMBER:

00323276 (England and Wales)

ACCOUNTANTS:

Andrew Bloy Ltd

Chartered Accountants

10 Hobart Road

Loddon

Norfolk

NR14 6LD

FIXED ASSETS

Tangible assets

4

1,215,930

1,090,916

CURRENT ASSETS

Debtors

5

466,765

516,304

Cash at bank and in hand

1,419,944

1,409,825

1,886,709

1,926,129

CREDITORS

Amounts falling due within one year

6

431,174

447,007

NET CURRENT ASSETS

1,455,535

1,479,122

TOTAL ASSETS LESS CURRENT LIABILITIES

2,671,465

2,570,038

PROVISIONS FOR LIABILITIES

202,984

160,374

NET ASSETS

2,468,481

2,409,664

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

2,468,181

2,409,364

SHAREHOLDERS' FUNDS

2,468,481

2,409,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 12 September 2017 and were signed on its behalf by:

Mrs S E MacIntyre - Director

1.	STATUTORY INFORMATION

Abbey Transport 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2016

242,871

3,266,045

3,508,916

Additions

-

265,286

265,286

Disposals

-

(125,000

)

(125,000

)

At 28 February 2017

242,871

3,406,331

3,649,202

DEPRECIATION

At 1 March 2016

55,856

2,362,144

2,418,000

Charge for year

2,428

120,959

123,387

Eliminated on disposal

-

(108,115

)

(108,115

)

At 28 February 2017

58,284

2,374,988

2,433,272

NET BOOK VALUE

At 28 February 2017

184,587

1,031,343

1,215,930

At 29 February 2016

187,015

903,901

1,090,916

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

393,620

442,070

Other debtors

73,145

74,234

466,765

516,304

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Hire purchase contracts

-

11,637

Trade creditors

21,950

22,881

Taxation and social security

65,129

108,053

Other creditors

344,095

304,436

431,174

447,007

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abbey Transport Limited for the year ended 28 February 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abbey Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abbey Transport Limited and state those matters that we have agreed to state to the Board of Directors of Abbey Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbey Transport Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abbey Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abbey Transport Limited. You consider that Abbey Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abbey Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Andrew Bloy Ltd

Chartered Accountants

10 Hobart Road

Loddon

Norfolk

NR14 6LD

12 September 2017