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REGISTERED NUMBER: 02431631 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ABIVUE LIMITED

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


ABIVUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTOR: Mrs S P Angenent





SECRETARY: Mrs S P Angenent





REGISTERED OFFICE: New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ





BUSINESS ADDRESS: Rosemary Lodge Residential Home
191 Walsall Road
Lichfield
Staffordshire
WS13 8AQ





REGISTERED NUMBER: 02431631 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
Fixed assets
Tangible assets 4 985,366 946,746

Current assets
Stocks 5,000 5,000
Debtors 197,615 147,548
Cash at bank and in hand 87,249 63,095
289,864 215,643
Creditors
Amounts falling due within one year 139,058 125,319
Net current assets 150,806 90,324
Total assets less current liabilities 1,136,172 1,037,070

Creditors
Amounts falling due after more than one
year

5

(190,377

)

(188,883

)

Provisions for liabilities (16,908 ) (14,949 )
Net assets 928,887 833,238

Capital and reserves
Called up share capital 27,500 27,500
Retained earnings 901,387 805,738
Shareholders' funds 928,887 833,238

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.

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2018 and were signed by:





Mrs S P Angenent - Director


ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017


1. STATUTORY INFORMATION

Abivue 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 10% on cost and 10% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2016 - 28 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2017 1,499,588
Additions 124,555
At 31 December 2017 1,624,143
DEPRECIATION
At 1 January 2017 552,842
Charge for year 85,935
At 31 December 2017 638,777
NET BOOK VALUE
At 31 December 2017 985,366
At 31 December 2016 946,746

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2017
and 31 December 2017 43,286
DEPRECIATION
At 1 January 2017 10,821
Charge for year 8,117
At 31 December 2017 18,938
NET BOOK VALUE
At 31 December 2017 24,348
At 31 December 2016 32,465

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2017 2016
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 2,726 34,862

6. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 209,096 195,542
Hire purchase contracts 25,477 30,622
234,573 226,164

The bank loan is secured by way of a first legal charge over the freehold property 191 Walsall Road, Lichfield,
Staffordshire, WS13 8AQ and a fixed and floating charge over all property and assets present and future
including goodwill, book debts and the benefits of any licences.

The hire purchase creditor is secured against the motor vehicle to which it relates.

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and
31 December 2016:

2017 2016
£    £   
Mrs S P Angenent
Balance outstanding at start of year 94,275 58,002
Amounts advanced 19,354 36,273
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 113,629 94,275

An interest rate of 3% per annum is charged on the outstanding loan balance, the loan is repayable on
demand.

8. ULTIMATE CONTROLLING PARTY

Abivue Limited is a subsidiary of Froz Limited, a company registered in Guernsey and whose registered office
address is Suite 6, Provident House, Havilland Street, St Peter Port, Guernsey, GY1 2QE.