REGISTERED NUMBER: 06699732

ABX FLUID FITTINGS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr A G Hyslop

Mrs L M Gregory

REGISTERED OFFICE:

189 Droitwich Road

Fernhill Heath

Worcester

Worcestershire

WR3 7TZ

REGISTERED NUMBER:

06699732

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Lloyds Bank plc

The Cross

Worcester

WR1 3PY

FIXED ASSETS

Tangible assets

2

4,912

7,561

CURRENT ASSETS

Stocks

25,453

14,206

Debtors

68,387

77,090

Cash at bank and in hand

91,979

77,426

185,819

168,722

CREDITORS

Amounts falling due within one year

105,728

96,844

NET CURRENT ASSETS

80,091

71,878

TOTAL ASSETS LESS CURRENT LIABILITIES

85,003

79,439

PROVISIONS FOR LIABILITIES

983

1,513

NET ASSETS

84,020

77,926

CAPITAL AND RESERVES

Called up share capital

3

100

130

Capital redemption reserve

30

-

Profit and loss account

83,890

77,796

SHAREHOLDERS' FUNDS

84,020

77,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 30th March 2016 and were signed on its behalf by:

Mr A G Hyslop - Director

Mrs L M Gregory - 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 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.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

23,739

Additions

241

At 31st December 2015

23,980

DEPRECIATION

At 1st January 2015

16,178

Charge for year

2,890

At 31st December 2015

19,068

NET BOOK VALUE

At 31st December 2015

4,912

At 31st December 2014

7,561

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

51

Ordinary A

£1

51

100

19

Ordinary B

£1

19

20

30

Ordinary C

£1

30

10

100

130

During the year, the company passed a special resolution to buy back 20 Ordinary B shares and 10 Ordinary C

shares for consideration of £nil.

During the year, the company also passed a special resolution that 19 Ordinary A shares of £1 each were

reassigned as 19 Ordinary B shares of £1 each and 30 Ordinary A shares of £1 each were reassigned as 30

Ordinary C shares of £1 each.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of ABX Fluid Fittings Ltd for the year ended 31st December 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of ABX Fluid Fittings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ABX Fluid Fittings Ltd and state those matters that we have agreed to state to the Board of Directors of ABX Fluid Fittings Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ABX Fluid Fittings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ABX Fluid Fittings Ltd. You consider that ABX Fluid Fittings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ABX Fluid Fittings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

30th March 2016