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REGISTERED NUMBER: 02836833 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Abbot Fixing Systems Limited

Abbot Fixing Systems Limited (Registered number: 02836833)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abbot Fixing Systems Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: R J Goonetilleke





REGISTERED OFFICE: Abbot Fixings Limited
Unit 9 Manor Farm
Hanslope
Milton Keynes
MK19 7BQ





REGISTERED NUMBER: 02836833 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Milton House
Gatehouse Road
Aylesbury
Buckinghamshire
HP19 8EA

Abbot Fixing Systems Limited (Registered number: 02836833)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,911 6,826

CURRENT ASSETS
Stocks 54,703 60,468
Debtors 5 50,360 100,598
Investments 6 20,000 20,000
Cash at bank and in hand 20,158 20,400
145,221 201,466
CREDITORS
Amounts falling due within one year 7 116,324 84,362
NET CURRENT ASSETS 28,897 117,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,808

123,930

CREDITORS
Amounts falling due after more than one
year

8

2,521

2,021
NET ASSETS 41,287 121,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,187 121,809
SHAREHOLDERS' FUNDS 41,287 121,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

Abbot Fixing Systems Limited (Registered number: 02836833)

Balance Sheet - continued
31 December 2016


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 23 August 2017 and were signed by:





R J Goonetilleke - Director


Abbot Fixing Systems Limited (Registered number: 02836833)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Abbot Fixing 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.

Significant judgements and estimates
There are no significant judgements or estimates in the accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

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

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

Abbot Fixing Systems Limited (Registered number: 02836833)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

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 7 (2015 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 99,020
Additions 18,166
At 31 December 2016 117,186
DEPRECIATION
At 1 January 2016 92,194
Charge for year 10,081
At 31 December 2016 102,275
NET BOOK VALUE
At 31 December 2016 14,911
At 31 December 2015 6,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 1,525 23,863
Other debtors 48,835 76,735
50,360 100,598

6. CURRENT ASSET INVESTMENTS
2016 2015
£    £   
Shares in group undertakings 20,000 20,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 103,126 54,942
Amounts owed to group undertakings 271 271
Taxation and social security 12,927 29,139
Other creditors - 10
116,324 84,362

Abbot Fixing Systems Limited (Registered number: 02836833)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Other creditors 2,521 2,021

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2016 2015
£    £   
Within one year 5,401 -
Between one and five years 423 -
5,824 -

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016
and 31 December 2015:

2016 2015
£    £   
R J Goonetilleke
Balance outstanding at start of year (9 ) (700 )
Amounts advanced 53,951 691
Amounts repaid (33,345 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,597 (9 )

The loan was paid off shortly after the year-end.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 were paid to the director .

The company was under the control of Mr R J Goonetilleke during the current and previous year. Mr
Goonetilleke is the managing director and is now the sole shareholder.