REGISTERED NUMBER: 02736698

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Abbfab Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Roscoe

SECRETARY:

Ms E O'Connell

REGISTERED OFFICE:

Windley Street

Mill Hill

Bolton

Lancashire

BL2 2AH

REGISTERED NUMBER:

02736698

ACCOUNTANTS:

James Scott

Chartered Certified Accountant

Balmoral House

Warwick Court

Park Road

Middleton

Manchester

M24 1AE

FIXED ASSETS

Tangible assets

4

145,687

166,029

CURRENT ASSETS

Stocks

76,775

52,257

Debtors

582,496

380,552

Cash at bank

326,835

205,345

986,106

638,154

CREDITORS

Amounts falling due within one year

486,944

230,293

NET CURRENT ASSETS

499,162

407,861

TOTAL ASSETS LESS CURRENT LIABILITIES

644,849

573,890

CREDITORS

Amounts falling due after more than one year

-

(669

)

PROVISIONS FOR LIABILITIES

(23,793

)

(27,861

)

NET ASSETS

621,056

545,360

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

620,956

545,260

SHAREHOLDERS' FUNDS

621,056

545,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 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 Income Statement and an abridged Balance Sheet for the year ended 31 August 2017 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 director on 9 November 2017 and were signed by:

M S Roscoe - Director

1.	STATUTORY INFORMATION

Abbfab Services Limited is a private company, limited by shares , registered in Not specified/Other.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Long leasehold

-

in accordance with the property

Improvements to property

-

in accordance with the property

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

at varying rates on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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 have been

enacted or substantively enacted by the balance sheet date.

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

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 24 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

370,358

Additions

3,568

Disposals

(693

)

At 31 August 2017

373,233

DEPRECIATION

At 1 September 2016

204,329

Charge for year

23,517

Eliminated on disposal

(300

)

At 31 August 2017

227,546

NET BOOK VALUE

At 31 August 2017

145,687

At 31 August 2016

166,029

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Retained

earnings

£

At 1 September 2016

545,260

Profit for the year

170,696

Dividends

(95,000

)

At 31 August 2017

620,956

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £95,000 (2016 - £90,000) were paid to the director .

During the year the company paid operating lease rentals totalling £30,000 (2016 - £30,208) to

Michael Stuart Roscoes' self invested pension scheme. All transactions were on a commercial basis

and the balance outstanding at the year end totalled £15,000 (2016 - £13,750).

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M S Roscoe.