REGISTERED NUMBER: SC068218 (Scotland)

Abbreviated Accounts For The Year Ended 31 August 2016

for

Abba Sealants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J McShane

Mrs I McShane

W Corrigan

R Rough

REGISTERED OFFICE:

12 Hanson Street

Glasgow

G31 2JW

REGISTERED NUMBER:

SC068218 (Scotland)

ACCOUNTANTS:

Robb Ferguson

Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

2

42,850

46,694

CURRENT ASSETS

Stocks

12,149

23,268

Debtors

205,397

188,304

Cash at bank and in hand

349,122

264,836

566,668

476,408

CREDITORS

Amounts falling due within one year

143,948

110,037

NET CURRENT ASSETS

422,720

366,371

TOTAL ASSETS LESS CURRENT LIABILITIES

465,570

413,065

PROVISIONS FOR LIABILITIES

8,569

9,338

NET ASSETS

457,001

403,727

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

456,901

403,627

SHAREHOLDERS' FUNDS

457,001

403,727

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

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

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 Board of Directors on 26 May 2017 and were signed on its behalf by:

J McShane - 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. Turnover is recognised when

services are performed.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

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

sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay

less tax in the future have occurred at the balance sheet date. Timing differences are differences between the

company's taxable profits and its results as stated in the financial statements that 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 that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

107,721

Additions

10,195

Disposals

(8,108

)

At 31 August 2016

109,808

DEPRECIATION

At 1 September 2015

61,027

Charge for year

13,168

Eliminated on disposal

(7,237

)

At 31 August 2016

66,958

NET BOOK VALUE

At 31 August 2016

42,850

At 31 August 2015

46,694

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE PARENT COMPANY