REGISTERED NUMBER: 07095557 (England and Wales)

Financial Statements for the Year Ended 31 December 2017

for

ABC City Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A J Courtney

REGISTERED OFFICE:

C/O Westbury Consultancy

Livermore House

High Street

Great Dunmow

Essex

CM6 1AW

REGISTERED NUMBER:

07095557 (England and Wales)

ACCOUNTANTS:

Westbury Consultancy

Livermore House

High Street

Great Dunmow

Essex

CM6 1AW

FIXED ASSETS

Tangible assets

4

3,604

7,206

CURRENT ASSETS

Debtors

5

-

60,285

Cash at bank

13,094

24,782

13,094

85,067

CREDITORS

Amounts falling due within one year

6

146,225

218,400

NET CURRENT LIABILITIES

(133,131

)

(133,333

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(129,527

)

(126,127

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(129,528

)

(126,128

)

(129,527

)

(126,127

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 October 2018 and were signed by:

Mrs A J Courtney - Director

1.	STATUTORY INFORMATION

ABC City Ltd is a private company, limited by shares , registered in England and Wales.

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 number of employees during the year was NIL (2016 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

19,214

DEPRECIATION

At 1 January 2017

12,008

Charge for year

3,602

At 31 December 2017

15,610

NET BOOK VALUE

At 31 December 2017

3,604

At 31 December 2016

7,206

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

-

60,285

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Payments on account

-

71,249

Trade creditors

7,210

5,174

Taxation and social security

5,654

(5,612

)

Other creditors

133,361

147,589

146,225

218,400