REGISTERED NUMBER: NI056279 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Abbey Caravans & Leisure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs Y Duke

Mr G A Duke

SECRETARY:

Mrs Y Duke

REGISTERED OFFICE:

285-290 Shore Road

Newtownabbey

Co Antrim

BT37 9SR

REGISTERED NUMBER:

NI056279 (Northern Ireland)

ACCOUNTANTS:

McIlveen Howard Limited

Chartered Accountants

169a Upper Newtownards Road

Belfast

BT4 3HZ

BANKERS:

Santander UK plc

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

5

5,631

7,039

CURRENT ASSETS

Stocks

6

1,123,717

1,001,855

Debtors

7

17,360

18,459

Cash at bank

8

78,765

41,510

1,219,842

1,061,824

CREDITORS

Amounts falling due within one year

9

952,046

811,109

NET CURRENT ASSETS

267,796

250,715

TOTAL ASSETS LESS CURRENT LIABILITIES

273,427

257,754

PROVISIONS FOR LIABILITIES

10

1,070

-

NET ASSETS

272,357

257,754

CAPITAL AND RESERVES

Called up share capital

11

300,000

300,000

Retained earnings

(27,643

)

(42,246

)

SHAREHOLDERS' FUNDS

272,357

257,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 Board of Directors on 28 June 2018 and were signed on its behalf by:

Mrs Y Duke - Director

1.	STATUTORY INFORMATION

Abbey Caravans & Leisure Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates

and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other

sources. The estimates and associated assumptions are based upon historical experience and other factors that are

considered to be relevant.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates

are recognised in the period in which the estimate is revised and where the revision effects only that period, or in

the period of revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts

recognised in the financial statements.

Useful Economic Life of Assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the useful economic lives and

residual values of assets. The useful economic lives and residual values are reassessed annually. They are

amended when necessary to reflect current estimates, based upon technological advancement, future investments,

economic utilisation and the physical condition of the assets.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to

bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended

by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful

lives.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% reducing balance

Motor vehicles - 20% 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.

Cost comprises direct materials and, where applicable direct labour and those overheads that have been incurred

in bringing the stocks to their present location and condition. Net realisable value is the price at which the stock

can be realised in the normal course of business after allowing for the costs of realisation, and where appropriate,

the cost of conversion from their existing state to the finished 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Dividends

Dividends are included in the financial statements in the period in which they are actually paid.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

24,106

18,775

42,881

DEPRECIATION

At 1 October 2016

19,851

15,991

35,842

Charge for year

851

557

1,408

At 30 September 2017

20,702

16,548

37,250

NET BOOK VALUE

At 30 September 2017

3,404

2,227

5,631

At 30 September 2016

4,255

2,784

7,039

6.

STOCKS

2017

2016

£

£

Stocks

1,123,717

1,001,855

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

12,034

13,172

Prepayments and accrued income

5,326

5,287

17,360

18,459

8.	CASH AT BANK

2017

2016

£

£

First Trust Bank

1,449

640

Santander

77,316

40,870

78,765

41,510

Santander UK plc have a floating charge over all the assets and undertakings of the business.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

778,146

559,762

Tax

4,137

3,471

Social security and other taxes

3,424

2,584

VAT

80,363

145,065

Directors' current accounts

83,476

97,727

Accruals and deferred income

2,500

2,500

952,046

811,109

10.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

1,070

-

Deferred

tax

£

Provided during year

1,070

Balance at 30 September 2017

1,070

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

300,000

Ordinary

1

300,000

300,000

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Yvonne Duke

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 September 2017 which comprise the Income Statement, Balance Sheet and the related notes 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 engagement.

Our work has been undertaken 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 guidance issued by the Institute of Chartered Accountants in

Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the

compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 September 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 the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

McIlveen Howard Limited

Chartered Accountants

169a Upper Newtownards Road

Belfast

BT4 3HZ

28 June 2018