Abcd Upholstery Limited 04840024 Furniture Upholstery false 1 November 2016 04840024 2016-11-01 2017-10-31 04840024 2016-10-31 04840024 2017-10-31 04840024 2015-11-01 2016-10-31 04840024 2015-10-31 04840024 2016-10-31 04840024 frs102-bus:FRS102 2016-11-01 2017-10-31 04840024 frs102-bus:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31 04840024 frs102-bus:FullAccounts 2016-11-01 2017-10-31 04840024 frs102-bus:AuditExemptWithAccountantsReport 2016-11-01 2017-10-31 04840024 frs102-bus:LeadAgentIfApplicable 2016-11-01 2017-10-31 04840024 frs102-core:CurrentFinancialInstruments 2017-10-31 04840024 frs102-core:CurrentFinancialInstruments 2016-10-31 04840024 frs102-core:ShareCapital 2017-10-31 04840024 frs102-core:ShareCapital 2016-10-31 04840024 frs102-core:RetainedEarningsAccumulatedLosses 2017-10-31 04840024 frs102-core:RetainedEarningsAccumulatedLosses 2016-10-31 04840024 frs102-bus:Director1 2016-11-01 2017-10-31 04840024 frs102-core:Vehicles 2016-11-01 2017-10-31 04840024 frs102-core:Vehicles 2016-10-31 04840024 frs102-core:Vehicles 2017-10-31 04840024 frs102-core:Vehicles 2016-10-31 04840024 frs102-bus:OrdinaryShareClass1 2017-10-31 04840024 frs102-bus:OrdinaryShareClass1 2016-10-31 04840024 frs102-bus:OrdinaryShareClass1 2016-11-01 2017-10-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
04840024
Abcd Upholstery Limited
Unaudited Accounts
for the year ended
31 October 2017

Abcd Upholstery Limited
Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of Abcd Upholstery Limited for the year ended 31 October 2017.

In accordance with our terms of engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of ABCD Upholstery Limited for the year ended 31st October 2017, set out on pages 3 to 9 from the accounting records and information and explanations you have given to us. This report is made to the company's board of directors, as a body, in accordance with the terms of our letter of engagement. Our work has been under taken so that we might compile the financial statements that we have been engaged to compile, report to the company's board of directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's board of directors, as a body, for our work or for this report. We have carried out this engagement in accordance with technical guidance issued by the Institute of Financial Accountants. You have acknowledged on the balance sheet for the year ended 31st October 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements, and as such do not express any formal opinion on the financial statements.



................................

Royce Cohen & Company
Accountants

193A Ashley Road,
Altrincham,
Cheshire,
WA15 9SQ

25 January 2018


Abcd Upholstery Limited
Balance Sheet
as at 31 October 2017
Notes
 2017
£		 2016
£
Fixed assets
Tangible assets 2 12,000 16,000
12,000 16,000
Current assets
Stocks 500 325
Debtors 3 925 1,235
Cash at bank and in hand 8,563 7,421
9,988 8,981
Prepayments and accrued income: 641 435
Creditors: amounts falling due within one year (18,441) (21,581)
Net current assets / (liabilities) (7,812) (12,165)
Total assets less current liabilities 4,188 3,835
Accruals and deferred income (1,002) (1,002)
Total net assets (liabilities) 3,186 2,833
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 3,184 2,831
Shareholders' funds 3,186 2,833

Abcd Upholstery Limited
Balance Sheet
as at 31 October 2017



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 October 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr P Black

Director


Approved by the board on 25 January 2018

Company No: 04840024 (England and Wales)


Abcd Upholstery Limited
Notes to the Accounts
for the year ended 31 October 2017

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Changes in accounting standards, policies and estimates
The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Vehicles 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Tangible fixed assets
Vehicles Total
Cost or valuation £ £
At 1 November 2016 21,330 21,330
At 31 October 2017 21,330 21,330
Depreciation
At 1 November 2016 5,330 5,330
Charge for the period 4,000 4,000
At 31 October 2017 9,330 9,330
Net book value
At 31 October 2017 12,000 12,000
At 31 October 2016 16,000 16,000

3. Debtors
2017 2016
£ £
Trade debtors 925 1,235
925 1,235

4. Share capital
2017 2016
£ £
Allotted, called up and fully paid:
2 (2016: 2) Ordinary shares of £1.00 each 2 2
2 2