Abbeylake Limited

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs M Lander

P Lander

SECRETARY:

Mrs M Lander

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

02437694 (England and Wales)

ACCOUNTANTS:

MATTHEWS SUTTON & CO LTD

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

L18 1DG

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,233

2,627

2,233

2,627

CURRENT ASSETS

Stocks

9,835

11,305

Debtors

9,200

-

Cash in hand

200

200

19,235

11,505

CREDITORS

Amounts falling due within one year

19,022

19,760

NET CURRENT ASSETS/(LIABILITIES)

213

(8,255

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,446

(5,628

)

PROVISIONS FOR LIABILITIES

297

-

NET ASSETS/(LIABILITIES)

2,149

(5,628

)

CAPITAL AND RESERVES

Called up share capital

4

2,000

2,000

Profit and loss account

149

(7,628

)

SHAREHOLDERS' FUNDS

2,149

(5,628

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 19 November 2015 and were signed on its behalf by:

P Lander - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 1990, has been amortised

evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

28,000

AMORTISATION

At 1 April 2014

and 31 March 2015

28,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

20,270

DEPRECIATION

At 1 April 2014

17,643

Charge for year

394

At 31 March 2015

18,037

NET BOOK VALUE

At 31 March 2015

2,233

At 31 March 2014

2,627

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2,000

Ordinary

£1

2,000

2,000