REGISTERED NUMBER: 03606524 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABBEYWOOD (TOTTINGTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr S J Durkin

Mrs M C Durkin

Mr J Durkin

Mrs Y Durkin

Registered office:

104 Market Street

Tottington

Bury

Lancashire

BL8 3LS

Registered number:

03606524 (England and Wales)

Accountants:

NR Barton

19-21 Bridgeman Terrace

Wigan

Lancashire

WN1 1TD

FIXED ASSETS

Tangible assets

5

1,605,576

1,626,492

CURRENT ASSETS

Debtors

6

9,747

25,028

Cash at bank and in hand

31,153

49,708

40,900

74,736

CREDITORS

Amounts falling due within one year

7

355,500

393,496

NET CURRENT LIABILITIES

(314,600

)

(318,760

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,290,976

1,307,732

CREDITORS

Amounts falling due after more than one year

8

-

(64,924

)

PROVISIONS FOR LIABILITIES

10

(116,423

)

(121,731

)

NET ASSETS

1,174,553

1,121,077

CAPITAL AND RESERVES

Called up share capital

11

200

200

Revaluation reserve

948,807

955,920

Retained earnings

225,546

164,957

SHAREHOLDERS' FUNDS

1,174,553

1,121,077

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 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 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 Board of Directors on 14 December 2017 and were signed on its behalf by:

Mr S J Durkin - Director

1.	STATUTORY INFORMATION

Abbeywood (Tottington) Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historic cost convention, modified to include certain items

at fair value.

Turnover

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

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost

includes costs directly attributable to making the asset capable of operating as intended.

On transition to FRS102, land and buildings were uplifted to fair value with this value being the deemed cost of

the land and buildings going forward.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated

residual value, of each asset on a systematic basis over its expected useful life as follows :

Land and buildings

- 2% on deemed cost of buildings only

Fixtures and fittings

- 20% on reducing balance

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 .

5.	TANGIBLE FIXED ASSETS

Fixtures

Land and

and

buildings

fittings

Totals

£

£

£

COST OR VALUATION

At 1 April 2016

1,600,000

345,985

1,945,985

Additions

-

14,318

14,318

At 31 March 2017

1,600,000

360,303

1,960,303

DEPRECIATION

At 1 April 2016

22,560

296,933

319,493

Charge for year

22,560

12,674

35,234

At 31 March 2017

45,120

309,607

354,727

NET BOOK VALUE

At 31 March 2017

1,554,880

50,696

1,605,576

At 31 March 2016

1,577,440

49,052

1,626,492

On transition to FRS 102 on 1 April 2015, land and buildings were included at their fair value of £1,600,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

9,747

25,028

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

63,311

83,951

Trade creditors

10,633

10,035

Taxation and social security

67,228

73,985

Other creditors

214,328

225,525

355,500

393,496

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

-

64,924

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loans

63,311

148,875

10.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

£

Deferred tax

116,423

121,731

Deferred

tax

£

Balance at 1 April 2016

121,731

Credit to Statement of Comprehensive Income during year

(5,308

)

Balance at 31 March 2017

116,423

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

200

Ordinary

£1

200

200

12.	CONTROLLING INTEREST

The company is controlled by the directors by virtue of their shareholding.

13.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

to measure fair value at date of transition to FRS 102 and use as deemed cost on an item of property, plant and equipment.