REGISTERED NUMBER: 02435414 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

ABBEY TOOLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P G Griffiths

SECRETARY:

Mrs J E Griffiths

REGISTERED OFFICE:

Buckman Works

Longdon Heath

Nr Upton upon Severn

Worcestershire

WR8 0RJ

REGISTERED NUMBER:

02435414 (England and Wales)

ACCOUNTANTS:

Boyds

20 Sansome Walk

Worcester

WR1 1LR

SOLICITORS:

Whatley Weston & Fox

15 & 16 The Tything

Worcester

Worcestershire

WR1 1HD

FIXED ASSETS

Tangible assets

4

2,270

2,838

CURRENT ASSETS

Stocks

1,900

1,900

Debtors

5

6,927

3,672

Cash at bank and in hand

5,890

4,121

14,717

9,693

CREDITORS

Amounts falling due within one year

6

8,533

6,626

NET CURRENT ASSETS

6,184

3,067

TOTAL ASSETS LESS CURRENT LIABILITIES

8,454

5,905

PROVISIONS FOR LIABILITIES

281

375

NET ASSETS

8,173

5,530

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

7

8,169

5,526

SHAREHOLDERS' FUNDS

8,173

5,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 16 May 2018 and were signed by:

P G Griffiths - Director

1.	STATUTORY INFORMATION

Abbey Tooling 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 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.

Plant and machinery etc

-

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.

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.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

47,682

DEPRECIATION

At 1 April 2017

44,844

Charge for year

568

At 31 March 2018

45,412

NET BOOK VALUE

At 31 March 2018

2,270

At 31 March 2017

2,838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,927

3,672

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

3,036

2,782

Social security and other taxes

938

353

VAT

3,897

2,845

Accrued expenses

662

646

8,533

6,626

7.

RESERVES

Retained

earnings

£

At 1 April 2017

5,526

Profit for the year

12,643

Dividends

(10,000

)

At 31 March 2018

8,169