REGISTERED NUMBER: 04770548 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

ABSTRACT WALSALL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

G Thomas

Mrs R L Thomas

REGISTERED OFFICE:

87 Bradford Street

Walsall

West Midlands

WS1 1NU

REGISTERED NUMBER:

04770548 (England and Wales)

ACCOUNTANTS:

Bytheway & Co Accountants Ltd

Heame House

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

FIXED ASSETS

Intangible assets

2

1,608

2,095

Tangible assets

3

33,544

37,667

35,152

39,762

CURRENT ASSETS

Stocks

18,040

18,610

Debtors

4,925

4,175

Prepayments and accrued income

11,981

10,657

Cash at bank and in hand

8,691

8,229

43,637

41,671

CREDITORS

Amounts falling due within one year

263,838

249,883

NET CURRENT LIABILITIES

(220,201

)

(208,212

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(185,049

)

(168,450

)

CAPITAL AND RESERVES

Called up share capital

4

8

8

Profit and loss account

(185,057

)

(168,458

)

SHAREHOLDERS' FUNDS

(185,049

)

(168,450

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 August 2017 and were signed on its behalf by:

G Thomas - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

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

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

-

10% on reducing balance

Plant and machinery etc

-

33% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

2,433

AMORTISATION

At 1 December 2015

338

Amortisation for year

487

At 30 November 2016

825

NET BOOK VALUE

At 30 November 2016

1,608

At 30 November 2015

2,095

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

131,856

DEPRECIATION

At 1 December 2015

94,189

Charge for year

4,123

At 30 November 2016

98,312

NET BOOK VALUE

At 30 November 2016

33,544

At 30 November 2015

37,667

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/16

30/11/15

value:

£

£

8

Ordinary

1

8

8

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2016 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Bytheway & Co Accountants Ltd

Heame House

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

14 August 2017