REGISTERED NUMBER: 05101238

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Abv (Belper) Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

N W Beacon

SECRETARY:

REGISTERED OFFICE:

The Seal Inn 43 Main Street

Netherseal

Swadlincote

Derbyshire

DE12 8DB

REGISTERED NUMBER:

05101238

ACCOUNTANTS:

Amos Accountancy & Bookkeeping Services

Room 1.32, Repton House

Bretby Business Park

Burton upon Trent

Staffordshire

DE15 0YZ

The director presents his report with the financial statements of the company for the year ended 31 July 2017.

DIRECTOR

N W Beacon held office during the whole of the period from 1 August 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

N W Beacon - Director

25 April 2018

TURNOVER

-

53,730

Cost of sales

3,284

39,255

GROSS (LOSS)/PROFIT

(3,284

)

14,475

Administrative expenses

22,150

31,992

(25,434

)

(17,517

)

Other operating income

31,038

16,963

OPERATING PROFIT/(LOSS)

4

5,604

(554

)

Interest payable and similar expenses

7,691

5,535

LOSS BEFORE TAXATION

(2,087

)

(6,089

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(2,087

)

(6,089

)

FIXED ASSETS

Tangible assets

5

537,398

552,588

CURRENT ASSETS

Cash at bank

13,004

-

CREDITORS

Amounts falling due within one year

6

259,319

251,403

NET CURRENT LIABILITIES

(246,315

)

(251,403

)

TOTAL ASSETS LESS CURRENT LIABILITIES

291,083

301,185

CREDITORS

Amounts falling due after more than one year

7

292,535

300,550

NET (LIABILITIES)/ASSETS

(1,452

)

635

CAPITAL AND RESERVES

Called up share capital

220

220

Retained earnings

(1,672

)

415

SHAREHOLDERS' FUNDS

(1,452

)

635

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

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

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 April 2018 and were signed by:

N W Beacon - Director

1.	STATUTORY INFORMATION

Abv (Belper) Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average monthly number of employees during the year was 2 .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2016 - operating loss) is stated after charging:

31.7.17

31.7.16

£

£

Depreciation - owned assets

1,348

2,282

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2016

547,197

36,071

583,268

Disposals

(13,842

)

-

(13,842

)

At 31 July 2017

533,355

36,071

569,426

DEPRECIATION

At 1 August 2016

-

30,680

30,680

Charge for year

-

1,348

1,348

At 31 July 2017

-

32,028

32,028

NET BOOK VALUE

At 31 July 2017

533,355

4,043

537,398

At 31 July 2016

547,197

5,391

552,588

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

1,611

1,610

Taxation and social security

503

2,588

Other creditors

257,205

247,205

259,319

251,403

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans

282,720

300,550

Other creditors

9,815

-

292,535

300,550