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REGISTERED NUMBER: 06793928 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

ABELGLASS TRADE SUPPLIES LTD

ABELGLASS TRADE SUPPLIES LTD (REGISTERED NUMBER: 06793928)

Contents of the Financial Statements
for the Year Ended 31 December 2016










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ABELGLASS TRADE SUPPLIES LTD

Company Information
for the Year Ended 31 December 2016







DIRECTORS: D P Kaye
Mrs L Kaye





REGISTERED OFFICE: Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 06793928 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

ABELGLASS TRADE SUPPLIES LTD (REGISTERED NUMBER: 06793928)

Abridged Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 224,794 152,970
224,794 158,970

CURRENT ASSETS
Stocks 46,822 47,600
Debtors 117,214 71,977
Cash at bank 92,274 93,065
256,310 212,642
CREDITORS
Amounts falling due within one year 223,674 170,640
NET CURRENT ASSETS 32,636 42,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,430

200,972

CREDITORS
Amounts falling due after more than one
year

(62,680

)

(64,308

)

PROVISIONS FOR LIABILITIES (44,838 ) (30,447 )
NET ASSETS 149,912 106,217

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 148,902 105,207
SHAREHOLDERS' FUNDS 149,912 106,217

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ABELGLASS TRADE SUPPLIES LTD (REGISTERED NUMBER: 06793928)

Abridged Balance Sheet - continued
31 December 2016


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 May 2017 and were signed on its behalf by:





D P Kaye - Director


ABELGLASS TRADE SUPPLIES LTD (REGISTERED NUMBER: 06793928)

Notes to the Financial Statements
for the Year Ended 31 December 2016


1. STATUTORY INFORMATION

Abelglass Trade Supplies Ltd 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of
goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 that have been enacted or
substantively enacted by the balance sheet date.


ABELGLASS TRADE SUPPLIES LTD (REGISTERED NUMBER: 06793928)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 30,000
AMORTISATION
At 1 January 2016 24,000
Amortisation for year 6,000
At 31 December 2016 30,000
NET BOOK VALUE

At 31 December 2016 -
At 31 December 2015 6,000

ABELGLASS TRADE SUPPLIES LTD (REGISTERED NUMBER: 06793928)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 219,411
Additions 94,757
At 31 December 2016 314,168
DEPRECIATION
At 1 January 2016 66,441
Charge for year 22,933
At 31 December 2016 89,374
NET BOOK VALUE
At 31 December 2016 224,794
At 31 December 2015 152,970

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2016 67,254
Additions 2,200
At 31 December 2016 69,454
DEPRECIATION
At 1 January 2016 20,074
Charge for year 8,749
At 31 December 2016 28,823
NET BOOK VALUE
At 31 December 2016 40,631
At 31 December 2015 47,180

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Hire purchase contracts 89,682 34,959

Hire purchases liability's are secured on the assets to which they relate.

ABELGLASS TRADE SUPPLIES LTD (REGISTERED NUMBER: 06793928)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016


7. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,000 (2015 - £33,000) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling party is D P Kaye.