REGISTERED NUMBER: 04822248 (England and Wales)

A B CARPETS & VINYLS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Tompkins

Mrs C Tompkins

SECRETARY:

Mrs C Tompkins

REGISTERED OFFICE:

76 Manchester Road

Denton

Manchester

M34 3PS

REGISTERED NUMBER:

04822248 (England and Wales)

ACCOUNTANTS:

Usher Spiby & Co

76 Manchester Road

Denton

Manchester

M34 3PS

BANKERS:

Bank of Scotland

600 Gorgie Road

Edinburgh

EH11 3XP

FIXED ASSETS

Tangible assets

2

4,119

5,467

CURRENT ASSETS

Debtors

742

514

Cash at bank and in hand

6,533

757

7,275

1,271

CREDITORS

Amounts falling due within one year

11,193

14,260

NET CURRENT LIABILITIES

(3,918

)

(12,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

201

(7,522

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

199

(7,524

)

SHAREHOLDERS' FUNDS

201

(7,522

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 18 April 2017 and were signed on its behalf by:

Mrs C Tompkins - 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 goods, excluding value added tax.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

Going concern

The company meets its day to day working capital requirements through a bank overdraft facility and a loan from

the directors, who have indicated that repayment will not be sought within one year. The directors consider it

reasonable to rely on the continuation of this finance. The financial statements have, therefore, been prepared on

a going concern basis and do not contain any adjustments which might be necessary if the overdraft facility were

not maintained at an appropriate level.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

20,939

DEPRECIATION

At 1 August 2015

15,472

Charge for year

1,348

At 31 July 2016

16,820

NET BOOK VALUE

At 31 July 2016

4,119

At 31 July 2015

5,467

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

2

Ordinary

£1

2

2