REGISTERED NUMBER: 03830140 (England and Wales)

ABBEY PERSONNEL SERVICES LIMITED

Abbreviated Accounts

for the Year Ended 31 August 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S G Bielby

M A Straw

SECRETARY:

S G Bielby

REGISTERED OFFICE:

3 Gowthorpe

Selby

North Yorkshire

YO8 4HE

REGISTERED NUMBER:

03830140 (England and Wales)

ACCOUNTANT:

P Benn F.C.A.

East Riding Accounts

48 New Village Road

Cottingham

East Yorkshire

HU16 4NA

FIXED ASSETS

Tangible assets

2

20,266

27,575

CURRENT ASSETS

Stocks

3,100

3,100

Debtors

482,886

508,202

Cash at bank and in hand

104,419

25,447

590,405

536,749

CREDITORS

Amounts falling due within one year

587,625

530,458

NET CURRENT ASSETS

2,780

6,291

TOTAL ASSETS LESS CURRENT LIABILITIES

23,046

33,866

CREDITORS

Amounts falling due after more than one year

(1,247

)

(7,235

)

PROVISIONS FOR LIABILITIES

(4,000

)

(5,500

)

NET ASSETS

17,799

21,131

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

17,797

21,129

SHAREHOLDERS' FUNDS

17,799

21,131

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 31 May 2017 and were signed on its behalf by:

S G Bielby - 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 invoiced sales of services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

and 31 August 2016

49,686

DEPRECIATION

At 1 September 2015

22,111

Charge for year

7,309

At 31 August 2016

29,420

NET BOOK VALUE

At 31 August 2016

20,266

At 31 August 2015

27,575

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2016 and

31 August 2015:

31/8/16

31/8/15

£

£

S G Bielby

Balance outstanding at start of year

43,243

28,307

Amounts advanced

63,972

43,243

Amounts repaid

(25,000

)

(28,307

)

Balance outstanding at end of year

82,215

43,243

M A Straw

Balance outstanding at start of year

41,299

26,190

Amounts advanced

64,601

41,299

Amounts repaid

(25,000

)

(26,190

)

Balance outstanding at end of year

80,900

41,299

The loans to the directors are repayable on demand. Interest is charged at 4.5% over Lloyds TSB Bank base rate.