ABBEY_ATTACHMENTS_HOLDING

ABBEY ATTACHMENTS HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,187,581

1,213,364

Investments

5,626

1,193,207

1,218,990

Current assets

Debtors

33,600

Creditors: amounts falling due within one year

(778,464)

(1,042,224)

Net current liabilities

(778,464)

(1,008,624)

Total assets less current liabilities

414,743

210,366

Capital and reserves

Called up share capital

5,626

Profit and loss account

409,117

204,740

Shareholders' funds

414,743

210,366

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 November 2016

P Saunders

Director

Company Registration No. 02708259

ABBEY ATTACHMENTS HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents rent receivable.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings

2% straight line basis

The Land and Buildings were professionally valued by Chartered Surveyors on an existing use open market value basis prior to the aquisition.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Deferred taxation

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

ABBEY ATTACHMENTS HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015 & at 31 March 2016

1,289,174

5,626

1,294,800

Depreciation

At 1 April 2015

75,810

Charge for the period

25,783

At 31 March 2016

101,593

Net book value

At 31 March 2016

1,187,581

5,626

1,193,207

At 31 March 2015

1,213,364

5,626

1,218,990

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Abbey Attachments Limited

England

A & B Shares

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Abbey Attachments Limited

Hire & sale of fork lift trucks

2,883,624

490,338

Share capital

2016

2015

Allotted, called up and fully paid

4,500 Ordinary A shares of £1 each

4,500

1,126 Ordinary B shares of £1 each

1,126

5,626