REGISTERED NUMBER: 02525063 (England and Wales)

ABCELL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr. P.S. Ford

Mrs. D.A. Ford

Mr. M. Bishop

Miss J.J. Lomas

SECRETARY:

Mr. P.S. Ford

REGISTERED OFFICE:

Unit b1 Electra Park

Electric Avenue

Witton

Birmingham

West Midlands

B6 7EB

REGISTERED NUMBER:

02525063 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors and members 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 order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements

of Abcell Limited for the year ended 28 February 2017 which comprise the Income Statement, Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abcell Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abcell Limited and state those matters that we have agreed to state to the Board of Directors of Abcell Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abcell Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abcell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abcell Limited. You consider that Abcell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abcell Limited. 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 statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

18 July 2017

FIXED ASSETS

Tangible assets

4

1,113,426

255,310

CURRENT ASSETS

Stocks

510,000

180,000

Debtors

5

1,121,591

858,331

Cash at bank and in hand

436,521

312,124

2,068,112

1,350,455

CREDITORS

Amounts falling due within one year

6

1,788,243

1,118,391

NET CURRENT ASSETS

279,869

232,064

TOTAL ASSETS LESS CURRENT LIABILITIES

1,393,295

487,374

CREDITORS

Amounts falling due after more than one year

7

(709,506

)

(50,964

)

PROVISIONS FOR LIABILITIES

(10,366

)

(32,289

)

NET ASSETS

673,423

404,121

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

673,418

404,116

SHAREHOLDERS' FUNDS

673,423

404,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 18 July 2017 and were signed on its behalf by:

Mr. P.S. Ford - Director

1.	STATUTORY INFORMATION

Abcell Limited 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.

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 represents net 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

4% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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.

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

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 profit or loss over the relevant period. The capital element of the future

payments is treated as a liability.

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 52 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 March 2016

119,984

272,184

30,480

193,945

616,593

Additions

1,105

791,572

8,422

182,734

983,833

At 28 February 2017

121,089

1,063,756

38,902

376,679

1,600,426

DEPRECIATION

At 1 March 2016

48,749

209,052

23,881

79,601

361,283

Charge for year

4,844

43,745

3,007

74,121

125,717

At 28 February 2017

53,593

252,797

26,888

153,722

487,000

NET BOOK VALUE

At 28 February 2017

67,496

810,959

12,014

222,957

1,113,426

At 29 February 2016

71,235

63,132

6,599

114,344

255,310

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2016

134,100

Additions

182,734

At 28 February 2017

316,834

DEPRECIATION

At 1 March 2016

43,115

Charge for year

67,902

At 28 February 2017

111,017

NET BOOK VALUE

At 28 February 2017

205,817

At 29 February 2016

90,985

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

945,812

804,447

Other debtors

175,779

53,884

1,121,591

858,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

125,647

40,965

Trade creditors

1,300,690

554,464

Taxation and social security

29,089

196,026

Other creditors

332,817

326,936

1,788,243

1,118,391

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

709,506

50,964

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

Control over the company is exercised by Mr. P.S. Ford, a director of the company, by virtue of him holding a majority of the

issued share capital of the company.