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REGISTERED NUMBER: SC229352 (Scotland)















ABBANOY LOGISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017






ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBANOY LOGISTICS LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2017







DIRECTOR: Dr E Bascetta





REGISTERED OFFICE: 145 St Vincent Street
6th Floor
Glasgow
G2 5JF





REGISTERED NUMBER: SC229352 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352)

BALANCE SHEET
30 April 2017

30.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 20,875 25,375
Tangible assets 4 - -
20,875 25,375

CURRENT ASSETS
Debtors 5 4,660 2,770
Cash at bank 9,736 7,980
14,396 10,750
CREDITORS
Amounts falling due within one year 6 42,417 41,179
NET CURRENT LIABILITIES (28,021 ) (30,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,146

)

(5,054

)

CREDITORS
Amounts falling due after more than one year 7 64,611 84,362
NET LIABILITIES (71,757 ) (89,416 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (71,857 ) (89,516 )
SHAREHOLDERS' FUNDS (71,757 ) (89,416 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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.

ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352)

BALANCE SHEET - continued
30 April 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.

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 24 January 2018 and were signed by:





Dr E Bascetta - Director


ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2017


1. STATUTORY INFORMATION

Abbanoy Logistics Limited is a private company, limited by shares , registered in Scotland. 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 represents royalties due for the year, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current 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 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.

Going concern
The accounts have been prepared on a going concern basis despite there being net liabilities at the balance sheet date as
since then the company has continued to trade profitably and meet all of its liabilities as they fall due.

ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2017


3. INTANGIBLE FIXED ASSETS
Franchise
fees
£   
COST
At 1 May 2016
and 30 April 2017 45,000
AMORTISATION
At 1 May 2016 19,625
Amortisation for year 4,500
At 30 April 2017 24,125
NET BOOK VALUE
At 30 April 2017 20,875
At 30 April 2016 25,375

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2016
and 30 April 2017 1,092
DEPRECIATION
At 1 May 2016
and 30 April 2017 1,092
NET BOOK VALUE
At 30 April 2017 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Trade debtors 4,660 2,770

ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2017


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Bank loans and overdrafts 19,690 18,570
Trade creditors 570 -
Director's loan account 8,502 10,894
Taxation and social security 9,788 7,186
Other creditors 3,867 4,529
42,417 41,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.17 30.4.16
£    £   
Bank loans 64,611 84,362

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.17 30.4.16
£    £   
Bank loans 84,301 102,932

The company has granted to its bankers a floating charge over the assets of the company in respect of sums due. Dr E
Bascetta has provided a personal guarantee for the company's bank term loan facilities.

9. RELATED PARTY DISCLOSURES

At 30 April 2017 Dr E Bascetta, the company's director, had provided the company with an interest free loan of £8,502
(2016, £10,894). There are no fixed repayment terms for this loan.