REGISTERED NUMBER: 04445391 (England and Wales)

ABBEYMOVE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S.G. Routledge

SECRETARY:

D.G.M. Reese

REGISTERED OFFICE:

252 Hoe Street,

Walthamstow,

London

E17 3AX

REGISTERED NUMBER:

04445391 (England and Wales)

ACCOUNTANTS:

Findlay, Wetherfield, Scott & Co.,

Chartered Accountants

135/137, Station Road,

Chingford,

London

E4 6AG

BANKERS:

Bank of Scotland plc.,

600 Gorgie Road,

Edinburgh,

EH11 3XP

FIXED ASSETS

Intangible assets

2

-

901

Tangible assets

3

9,688

38,118

9,688

39,019

CURRENT ASSETS

Debtors

496,487

395,984

Cash at bank

187,186

102,134

683,673

498,118

CREDITORS

Amounts falling due within one year

258,101

134,447

NET CURRENT ASSETS

425,572

363,671

TOTAL ASSETS LESS CURRENT LIABILITIES

435,260

402,690

PROVISIONS FOR LIABILITIES

-

4,720

NET ASSETS

435,260

397,970

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

435,160

397,870

SHAREHOLDERS' FUNDS

435,260

397,970

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23rd December 2016 and were signed by:

S.G. Routledge - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Costs incurred in

2015, which had been capitalised, have now been written off in the current year and the fixed assets account has

been adjusted accordingly.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

15,392

AMORTISATION

At 1st April 2015

14,491

Amortisation for year

901

At 31st March 2016

15,392

NET BOOK VALUE

At 31st March 2016

-

At 31st March 2015

901

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

62,124

Additions

6,066

Disposals

(42,895

)

At 31st March 2016

25,295

DEPRECIATION

At 1st April 2015

24,006

Charge for year

3,229

Eliminated on disposal

(11,628

)

At 31st March 2016

15,607

NET BOOK VALUE

At 31st March 2016

9,688

At 31st March 2015

38,118

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

S.G. Routledge is a director of, and shareholder in, Glade Homes Ltd.

At the balance sheet date the company had made a loan to Glade Homes Ltd, amounting to £458,031 (2015 -

£355,985). These amounts are shown within debtors due within one year.

Interest was charged, at a rate of 3%, to Glade Homes Ltd amounting to £12,876 (2015 - £9,343). There were no

amounts outstanding at either balance sheet date.

As at the balance sheet date the sum owed by the company to the director amounted to £159,867 (2015 -

£22,743). These amounts are included in other creditors due within one year.