REGISTERED NUMBER: 02118674 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 NOVEMBER 2015 TO 31 AUGUST 2016

FOR

A B PLANT SHIPPING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A P Bottomley

Mr P F Taylor

SECRETARY:

Mrs T L Bottomley

REGISTERED OFFICE:

Colton Grange

Colton

Norwich

Norfolk

NR9 5DG

REGISTERED NUMBER:

02118674 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

FIXED ASSETS

Tangible assets

2

53,538

48,084

CURRENT ASSETS

Debtors

697,432

583,512

Cash at bank and in hand

56,314

130,311

753,746

713,823

CREDITORS

Amounts falling due within one year

3

943,666

899,301

NET CURRENT LIABILITIES

(189,920

)

(185,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(136,382

)

(137,394

)

CREDITORS

Amounts falling due after more than one year

3

-

33,250

NET LIABILITIES

(136,382

)

(170,644

)

CAPITAL AND RESERVES

Called up share capital

4

13,680

13,680

Capital redemption reserve

6,320

6,320

Profit and loss account

(156,382

)

(190,644

)

SHAREHOLDERS' FUNDS

(136,382

)

(170,644

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 24 October 2016 and were signed on its behalf by:

Mr A P Bottomley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

As at 31 August 2016 the company had net liabilities of £136,382. The directors have given an undertaking that

they will continue to provide financial support as and when required for the foreseeable future. On these

grounds, the directors consider it appropriate to prepare the financial statements on the going concern basis.

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

Land and buildings

-

20% on reducing balance

Plant and machinery etc

-

20% on reducing balance

Deferred tax

The charge for taxation is based on the results for the year and takes into account taxation deferred because of

timing differences between the treatment of certain items for taxation and accounting purposes. In accordance

with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that

have originated but not reversed by the balance sheet date. Deferred tax assets are only recognised when it is

more likely than not that the deferred tax asset will be recovered. Deferred tax is measured using rates of tax that

have been enacted or substantially enacted by the balance sheet date. Deferred tax balances are not

discounted.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

327,592

Additions

14,154

At 31 August 2016

341,746

DEPRECIATION

At 1 November 2015

279,508

Charge for period

8,700

At 31 August 2016

288,208

NET BOOK VALUE

At 31 August 2016

53,538

At 31 October 2015

48,084

3.

CREDITORS

Creditors include an amount of £ 20,245 (2015 - £ 139,042 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

13,680

Ordinary

£1

13,680

13,680

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2016 and the year

ended 31 October 2015:

2016

2015

£

£

Mr A P Bottomley

Balance outstanding at start of period

30,796

29,055

Amounts advanced

3,824

13,846

Amounts repaid

(13,750

)

(12,105

)

Balance outstanding at end of period

20,870

30,796