Abcoe Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 4684861

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	8		8,368		2,497

			8,368		2,497
CURRENT ASSETS
Stocks	9	6,500		6,500
Debtors	10	27,326		51,544
Cash at bank and in hand		169,969		153,187

		203,795		211,231
Creditors: Amounts Falling Due Within One Year	11	(100,566 )		(99,222 )

NET CURRENT ASSETS (LIABILITIES)			103,229		112,009

TOTAL ASSETS LESS CURRENT LIABILITIES			111,597		114,506

PROVISIONS FOR LIABILITIES
Deferred Taxation	12		(1,590 )		-

NET ASSETS			110,007		114,506

CAPITAL AND RESERVES
Called up share capital	13		2		2
Profit and loss account			110,005		114,504

SHAREHOLDERS' FUNDS			110,007		114,506

Page 1

Abcoe Limited

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Leslie Pascoe	Mr Keith Abbott
15th December 2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

1.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.6. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

Page 3

Abcoe Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	2	2
Sales, marketing and distribution	2	4

	4	6

7. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2016	30,000

As at 31 March 2017	30,000

Amortisation
As at 1 April 2016	30,000

As at 31 March 2017	30,000

Net Book Value
As at 31 March 2017	-

As at 1 April 2016	-

Page 4

Abcoe Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

8. Tangible Assets


	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2016	41,466	9,999	51,465
Additions	-	9,995	9,995
Disposals	-	(9,999 )	(9,999 )

As at 31 March 2017	41,466	9,995	51,461

Depreciation
As at 1 April 2016	40,304	8,664	48,968
Provided during the period	290	2,499	2,789
Disposals	-	(8,664 )	(8,664 )

As at 31 March 2017	40,594	2,499	43,093

Net Book Value
As at 31 March 2017	872	7,496	8,368

As at 1 April 2016	1,162	1,335	2,497

9. Stocks

	2017	2016
	£	£
Stock - materials and work in progress	6,500	6,500

	6,500	6,500

10. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	23,836	48,888
Prepayments and accrued income	2,443	1,969
Other debtors	1,047	687

	27,326	51,544

Page 5

Abcoe Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

11. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	68	1,803
Corporation tax	4,735	9,351
VAT	5,853	8,320
Other creditors	2,160	60
Accruals and deferred income	1,005	925
Directors' loan accounts	86,745	78,763

	100,566	99,222

12. Deferred Taxation

	2017	2016
	£	£
Deferred taxation	1,590	-


Deferred tax	1,590	-

The provision for deferred taxation is made up of accelerated capital allowances

13. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

14. Transition to FRS 102

These financial statements for the year ended 31st March 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1st April 2015.

The transition to FRS 102 Section 1A has not resulted in any changes in accounting policies to those used previously, and hence there has been no impact on opening equity or result for the comparative period.

15. General Information

Abcoe Limited Limited registered number 4684861 is a company limited by shares, incorporated in England & Wales. The Registered Office is Unit 10 River Road Business Park, 33 River Road, Barking, Essex, IG11 0DA.