REGISTERED NUMBER: SC246069 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABC LEISURE (MACHINES) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

A D Gaw

SECRETARY:

Mrs. E J Gaw

REGISTERED OFFICE:

Drumfad Farm

Whauphill

Newton Stewart

DG8 9PU

REGISTERED NUMBER:

SC246069 (Scotland)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abc Leisure (Machines) Limited for the year ended 31 March 2017 which comprise the Abridged

Profit and Loss Account, Abridged Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Abc Leisure (Machines) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abc Leisure (Machines) Limited and state those matters that we have agreed to state to the director of Abc Leisure (Machines) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abc Leisure (Machines) Limited director for our work or for this report.

It is your duty to ensure that Abc Leisure (Machines) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abc Leisure (Machines) Limited. You consider that Abc Leisure (Machines) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abc Leisure (Machines) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

30 May 2017

FIXED ASSETS

Intangible assets

4

20,475

22,750

Tangible assets

5

46,231

51,927

66,706

74,677

CREDITORS

Amounts falling due within one year

43,212

53,359

NET CURRENT LIABILITIES

(43,212

)

(53,359

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,494

21,318

PROVISIONS FOR LIABILITIES

4,989

5,364

NET ASSETS

18,505

15,954

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

18,305

15,754

SHAREHOLDERS' FUNDS

18,505

15,954

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 30 May 2017 and were signed by:

A D Gaw - Director

1.	STATUTORY INFORMATION

Abc Leisure (Machines) Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised

over ten years in accordance with FRS102. Previously Goodwill was amortised over an estimated useful life of

twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings freehold

-

5% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

35,000

AMORTISATION

At 1 April 2016

12,250

Amortisation for year

2,275

At 31 March 2017

14,525

NET BOOK VALUE

At 31 March 2017

20,475

At 31 March 2016

22,750

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

855,039

Additions

21,866

At 31 March 2017

876,905

DEPRECIATION

At 1 April 2016

803,112

Charge for year

27,562

At 31 March 2017

830,674

NET BOOK VALUE

At 31 March 2017

46,231

At 31 March 2016

51,927

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the director .