| Abbey & Co Associates Limited |
| Registered Number:04718280 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Abbey & Co Associates Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Abbey & Co Associates Limited
Statement of Financial Position
2016
2017
| Property, plant and equipment |
39,380
34,888
2
39,380
34,888
| Trade and other receivables |
390,780
421,025
3
10,768
| Cash and cash equivalents |
19,218
440,243
401,548
| Trade and other payables: amounts falling due within one |
| year |
(80,651)
(101,320)
4
320,897
338,923
Net current assets
| Total assets less current liabilities |
378,303
355,785
(744)
396
| Provisions for liabilities |
377,559
Net assets
356,181
500
500
377,059
355,681
377,559
356,181
Shareholders' funds
| For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| Faruk Yakoob Patel Director |
| These financial statements were approved and authorised for issue by the Board on 28 December 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
Abbey & Co Associates Limited
Notes to the Financial Statements
Statutory Information
| Abbey & Co Associates Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 04718280. |
1st Floor, Abbey House
270 - 272 Lever Street
Bolton
Lancashire
BL3 6PD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
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. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 March 2017
Abbey & Co Associates Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
53,504
8,576
14,672
30,256
7,407
660
6,747
-
30,256
21,419
9,236
60,911
| Provision for depreciation and impairment |
18,616
6,323
12,293
-
Charge for year
2,915
779
2,136
-
21,531
7,102
14,429
-
30,256
6,990
2,134
39,380
30,256
2,379
2,253
34,888
| 3. Trade and other receivables |
2016
2017
57,824
37,580
363,201
353,200
390,780
421,025
| The debtors above include the following amounts falling due after more than one year: |
229,429
-
| 4. Trade and other payables: amounts falling due within one year |
2016
2017
12,240
4,904
27,748
27,001
| Taxation and social security |
32,948
23,840
28,384
24,906
101,320
80,651
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