REGISTERED NUMBER: 06988918 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Abbots Building & Refurbishments UK Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A Wood

SECRETARY:

Mrs J Scotter

REGISTERED OFFICE:

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

REGISTERED NUMBER:

06988918 (England and Wales)

ACCOUNTANTS:

Thompsons Accountants and Advisors Ltd

Chartered Accountants

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

FIXED ASSETS

Intangible assets

5

3,600

3,900

Tangible assets

6

117

234

3,717

4,134

CURRENT ASSETS

Stocks

7

66,500

43,900

Debtors

8

-

11,000

66,500

54,900

CREDITORS

Amounts falling due within one year

9

69,237

58,408

NET CURRENT LIABILITIES

(2,737

)

(3,508

)

TOTAL ASSETS LESS CURRENT LIABILITIES

980

626

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

880

526

SHAREHOLDERS' FUNDS

980

626

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.

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 1 May 2018 and were signed by:

A Wood - Director

1.	STATUTORY INFORMATION

Abbots Building & Refurbishments UK Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised

evenly over its estimated useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

6,000

AMORTISATION

At 1 September 2016

2,100

Charge for year

300

At 31 August 2017

2,400

NET BOOK VALUE

At 31 August 2017

3,600

At 31 August 2016

3,900

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2016

and 31 August 2017

13,000

1,693

648

15,341

DEPRECIATION

At 1 September 2016

13,000

1,693

414

15,107

Charge for year

-

-

117

117

At 31 August 2017

13,000

1,693

531

15,224

NET BOOK VALUE

At 31 August 2017

-

-

117

117

At 31 August 2016

-

-

234

234

7.

STOCKS

31.8.17

31.8.16

£

£

Work-in-progress

66,500

43,900

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Other debtors

-

11,000

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

17,976

9,984

Trade creditors

18,998

16,651

Tax

15,484

10,286

Social security and other taxes

383

500

VAT

4,814

10,673

Other creditors

4,773

4,961

Directors' current accounts

2,428

615

Accrued expenses

4,381

4,738

69,237

58,408