ABBEY LIFT TRUCKS HANDLING LIMITED

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

Registered number: 04447254

		2018		2017
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	8		37,500		37,500
Tangible Assets	9		14,139		17,948

			51,639		55,448
CURRENT ASSETS
Stocks	10	550		550
Debtors	11	24,744		21,309
Cash at bank and in hand		66,135		53,469

		91,429		75,328
Creditors: Amounts Falling Due Within One Year	12	(31,750 )		(31,445 )

NET CURRENT ASSETS (LIABILITIES)			59,679		43,883

TOTAL ASSETS LESS CURRENT LIABILITIES			111,318		99,331

NET ASSETS			111,318		99,331

CAPITAL AND RESERVES
Called up share capital	14		100		100
Profit and Loss Account			111,218		99,231

SHAREHOLDERS' FUNDS			111,318		99,331

Page 1

Balance Sheet (continued)

As at 31 March 2018

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

MR L J MURCH

05/09/2018

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.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Equipment	10% reducing balance
Forklift Trucks	25% reducing balance

1.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit loss account as incurred.

1.6. 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.

4. Average Number of Employees

Average number of employees, including directors, during the year were 2.

Page 3

ABBEY LIFT TRUCKS HANDLING LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2018

8. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2017	60,000

As at 31 March 2018	60,000

Amortisation
As at 1 April 2017	22,500

As at 31 March 2018	22,500

Net Book Value
As at 31 March 2018	37,500

As at 1 April 2017	37,500

9. Tangible Assets


	Equipment	Forklift Trucks	Total
	£	£	£
Cost
As at 1 April 2017	12,580	36,200	48,780

As at 31 March 2018	12,580	36,200	48,780

Depreciation
As at 1 April 2017	8,067	22,765	30,832
Provided during the period	451	3,358	3,809

As at 31 March 2018	8,518	26,123	34,641

Net Book Value
As at 31 March 2018	4,062	10,077	14,139

As at 1 April 2017	4,513	13,435	17,948

10. Stocks

	2018	2017
	£	£
Stock	550	550

	550	550

Page 4

ABBEY LIFT TRUCKS HANDLING LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2018

11. Debtors

	2018	2017
	£	£
Due within one year
Trade debtors	24,532	21,104
Other debtors	212	205

	24,744	21,309

12. Creditors: Amounts Falling Due Within One Year

	2018	2017
	£	£
Net obligations under finance lease and hire purchase contracts	-	500
Trade creditors	9,252	3,148
Corporation tax	10,463	10,833
VAT (Current liabilities - creditors < 1 year)	5,508	7,565
Accruals and deferred income	6,526	9,398
Director's loan account	1	1

	31,750	31,445

13. Obligations Under Finance Leases and Hire Purchase

	2018	2017
	£	£
The maturity of these amounts is as follows:
Amounts Payable:
Within one year	-	500
Between one and five years	-	-

	-	500

	-	500

14. Share Capital

	2018		2017
Allotted, Called up and fully paid	100		100

15. Dividends

	2018	2017
	£	£
On equity shares:
Final dividend paid	28,760	27,582

	28,760	27,582

Page 5

ABBEY LIFT TRUCKS HANDLING LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2018

16. Controlling Party

The company's controlling party is L. J. Murch by virtue of his ownership of 95 % of the issued share capital in the company.

17. General Information

ABBEY LIFT TRUCKS HANDLING LIMITED Registered number 04447254 is a limited by shares company incorporated in England & Wales. The Registered Office is UNIT 4 MOORVIEW COURT, ESTOVER CLOSE, PLYMOUTH, DEVON, PL6 7PL.