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REGISTERED NUMBER: 02919533 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABBEYCROWN SYSTEMS LIMITED

ABBEYCROWN SYSTEMS LIMITED (REGISTERED NUMBER: 02919533)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBEYCROWN SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2017







DIRECTOR: J E Peck





REGISTERED OFFICE: Griffins Court
24-32 London Road
NEWBURY
Berkshire
RG14 1JX





REGISTERED NUMBER: 02919533 (England and Wales)





ACCOUNTANTS: Wilkins Kennedy LLP
Chartered Accountants
Griffins Court
24-32 London Road
NEWBURY
Berkshire
RG14 1JX

ABBEYCROWN SYSTEMS LIMITED (REGISTERED NUMBER: 02919533)

BALANCE SHEET
31 March 2017

31/3/17 31/3/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 840 1,119

CURRENT ASSETS
Debtors 5 2,998 15,717
Cash at bank 23,543 1,516
26,541 17,233
CREDITORS
Amounts falling due within one year 6 24,981 21,374
NET CURRENT ASSETS/(LIABILITIES) 1,560 (4,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,400

(3,022

)

PROVISIONS FOR LIABILITIES 7 107 -
NET ASSETS/(LIABILITIES) 2,293 (3,022 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 2,093 (3,222 )
SHAREHOLDERS' FUNDS 2,293 (3,022 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ABBEYCROWN SYSTEMS LIMITED (REGISTERED NUMBER: 02919533)

BALANCE SHEET - continued
31 March 2017


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 20 December 2017 and were signed by:





J E Peck - Director


ABBEYCROWN SYSTEMS LIMITED (REGISTERED NUMBER: 02919533)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2017

1. STATUTORY INFORMATION

Abbeycrown Systems 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.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the
nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies
have been consistently applied to all years presented unless otherwise stated.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that
affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues
and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those
estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts
recognised in the financial statements.

Revenue recognition
The key judgements made by management in respect of revenue is the point at which that revenue should be recognised.
Management consider the underlying contract terms and conclude upon the most appropriate point of the cycle at which
to recognise revenue based upon the these terms and in particular where the risks and rewards of ownership transfer.

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The
actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual
value assessment consider issues such as the remaining life of the asset and the projected disposal value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.
Turnover relates to the sales within the UK market. The policy adopted for the recognition of turnover is as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised as the
service is performed.

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 etc - 25% on reducing balance


ABBEYCROWN SYSTEMS LIMITED (REGISTERED NUMBER: 02919533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

2. ACCOUNTING POLICIES - continued
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.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction
price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the report date as a result of a past
event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be
reliably estimated.
Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Impairments
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet
date. If such indication exists, the recoverable amount of the asset, or asset's cash generating unit, is estimated and
compared to its carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is
recognised in the profit and loss, unless it's carried at a revalued amount, where the impairment loss is a revaluation
decrease.

Short-term employees benefits
Short-term employees' benefits are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

ABBEYCROWN SYSTEMS LIMITED (REGISTERED NUMBER: 02919533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 13,299
DEPRECIATION
At 1 April 2016 12,180
Charge for year 279
At 31 March 2017 12,459
NET BOOK VALUE
At 31 March 2017 840
At 31 March 2016 1,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/17 31/3/16
£    £   
Trade debtors 370 10,701
Other debtors 2,628 5,016
2,998 15,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/17 31/3/16
£    £   
Trade creditors 11,237 11,398
Taxation and social security 3,222 1,620
Other creditors 10,522 8,356
24,981 21,374

7. PROVISIONS FOR LIABILITIES
31/3/17 31/3/16
£    £   
Deferred tax 107 -

Deferred
tax
£   
Provided during year 107
Balance at 31 March 2017 107

ABBEYCROWN SYSTEMS LIMITED (REGISTERED NUMBER: 02919533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/3/17 31/3/16
value: £    £   
200 Ordinary £1 200 200

9. RELATED PARTY DISCLOSURES

At the balance sheet date, amounts owed from a company under common control totalled £2,628 (2016: £2,628).

At the year end, the company owed key management personnel £8,922 (2016 - £6,756).