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REGISTERED NUMBER: 00490728 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

ABBEYFIELDS LIMITED

ABBEYFIELDS LIMITED (REGISTERED NUMBER: 00490728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBEYFIELDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2017







DIRECTORS: A Taylor
Mrs C Taylor





SECRETARY: Mrs C Taylor





REGISTERED OFFICE: 5 White Oak Square,
London Road,
Swanley
Kent
BR8 7AG.





REGISTERED NUMBER: 00490728 (England and Wales)





ACCOUNTANTS: Sargeant Partnership
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

ABBEYFIELDS LIMITED (REGISTERED NUMBER: 00490728)

BALANCE SHEET
30 APRIL 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,849 154,603

CURRENT ASSETS
Debtors 5 410 1,310
Cash at bank 14,560 29,705
14,970 31,015
CREDITORS
Amounts falling due within one year 6 45,565 67,823
NET CURRENT LIABILITIES (30,595 ) (36,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,254

117,795

CREDITORS
Amounts falling due after more than one
year

7

(84,000

)

(84,000

)

PROVISIONS FOR LIABILITIES (672 ) (520 )
NET ASSETS 38,582 33,275

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 9 38,082 32,775
SHAREHOLDERS' FUNDS 38,582 33,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ABBEYFIELDS LIMITED (REGISTERED NUMBER: 00490728)

BALANCE SHEET - continued
30 APRIL 2017


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 30 January 2018 and were signed on its behalf
by:





A Taylor - Director


ABBEYFIELDS LIMITED (REGISTERED NUMBER: 00490728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017

1. STATUTORY INFORMATION

Abbeyfields 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements for the year ended 30/04/2017 are the first financial statements that comply with
FRS 102 Section 1A small entities. The date of transition is 01/05/2016.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting
policies to those used previously.

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.
Freehold property - at variable rates on reducing balance
Fixtures and fittings - 10% per annum 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

ABBEYFIELDS LIMITED (REGISTERED NUMBER: 00490728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 May 2016 193,312 17,531 210,843
Additions - 1,023 1,023
At 30 April 2017 193,312 18,554 211,866
DEPRECIATION
At 1 May 2016 42,202 14,038 56,240
Charge for year 1,415 362 1,777
At 30 April 2017 43,617 14,400 58,017
NET BOOK VALUE
At 30 April 2017 149,695 4,154 153,849
At 30 April 2016 151,110 3,493 154,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 410 1,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 4,484 7,558
Other creditors 41,081 60,265
45,565 67,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Other creditors 84,000 84,000

ABBEYFIELDS LIMITED (REGISTERED NUMBER: 00490728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
2,000 Ordinary Shares £0.25 500 500

9. RESERVES
Retained
earnings
£   

At 1 May 2016 32,775
Profit for the year 15,307
Dividends (10,000 )
At 30 April 2017 38,082

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed Mr A Taylor £17,046.06 and Mrs C Taylor £17,046.06.

Dividends of £10,000.00 were voted during the year.