REGISTERED NUMBER: 04866852 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

ABOUTHOUSE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs E J Quarmby

REGISTERED OFFICE:

13 Yorkersgate

Malton

North Yorkshire

YO17 7AA

BUSINESS ADDRESS:

21 Bondgate Green

Ripon

North Yorkshire

HG4 1QW

REGISTERED NUMBER:

04866852 (England and Wales)

ACCOUNTANTS:

Townsend Harrison Limited

13 Yorkersgate

Malton

North Yorkshire

YO17 7AA

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,211

1,615

1,211

1,615

CURRENT ASSETS

Debtors

7

3,118

4,063

Cash at bank

27,693

35,719

30,811

39,782

CREDITORS

Amounts falling due within one year

8

4,156

14,517

NET CURRENT ASSETS

26,655

25,265

TOTAL ASSETS LESS CURRENT LIABILITIES

27,866

26,880

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,766

26,780

SHAREHOLDERS' FUNDS

27,866

26,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 27 October 2017 and were signed by:

Mrs E J Quarmby - Director

1.	STATUTORY INFORMATION

Abouthouse 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year and also have been consistently applied within the same

accounts.

These financial statements for the year ended 31st January 2017 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1st February 2015.

The transition to FRS 102 Section 1A for small entities has not resulted in any changes in the accounting

policies.

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Goodwill

Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration

in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to

consideration, which represents the amounts chargeable to customers.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2016

and 31 January 2017

21,915

AMORTISATION

At 1 February 2016

and 31 January 2017

21,915

NET BOOK VALUE

At 31 January 2017

-

At 31 January 2016

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2016

and 31 January 2017

9,938

DEPRECIATION

At 1 February 2016

8,323

Charge for year

404

At 31 January 2017

8,727

NET BOOK VALUE

At 31 January 2017

1,211

At 31 January 2016

1,615

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

553

1,135

Other debtors

2,565

2,928

3,118

4,063

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

18

858

Taxation and social security

310

1,238

Other creditors

3,828

12,421

4,156

14,517

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2017 and

31 January 2016:

2017

2016

£

£

Mrs E J Quarmby

Balance outstanding at start of year

(11,172

)

(18,007

)

Amounts advanced

12,789

9,849

Amounts repaid

(3,929

)

(3,014

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,312

)

(11,172

)

Where the above loan account has been overdrawn during the year, interest has been charged at 3.00%.

During the year the highest overdrawn balance was £1,589 (2016 : N/A)