REGISTERED NUMBER: 05905692 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

ABM Groundworks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A W Mainwaring

Mrs M B Mainwaring

SECRETARY:

Mr. A W Mainwaring

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

REGISTERED NUMBER:

05905692 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Intangible assets

2

30,000

30,000

Tangible assets

3

22,026

12,472

52,026

42,472

CURRENT ASSETS

Debtors

2,415

3,938

CREDITORS

Amounts falling due within one year

35,571

43,495

NET CURRENT LIABILITIES

(33,156

)

(39,557

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,870

2,915

CREDITORS

Amounts falling due after more than one year

(14,949

)

-

PROVISIONS FOR LIABILITIES

(3,825

)

(1,914

)

NET ASSETS

96

1,001

CAPITAL AND RESERVES

Called up share capital

4

101

101

Profit and loss account

(5

)

900

SHAREHOLDERS' FUNDS

96

1,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 25 January 2017 and were signed on its behalf by:

A W Mainwaring - 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, excluding value added tax.

Goodwill

The company acquired goodwill of £30,000 in 2006. The goodwill is not being amortised, as the Directors

believe that the carrying value of the goodwill equals its residual value.

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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

30,000

NET BOOK VALUE

At 31 August 2016

30,000

At 31 August 2015

30,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

61,719

Additions

23,000

Disposals

(29,800

)

At 31 August 2016

54,919

DEPRECIATION

At 1 September 2015

49,247

Charge for year

6,375

Eliminated on disposal

(22,729

)

At 31 August 2016

32,893

NET BOOK VALUE

At 31 August 2016

22,026

At 31 August 2015

12,472

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

'A' Ordinary

£1

100

100

1

'B' Ordinary

£1

1

1

101

101

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Director Loan Account

Amount owing to the Directors as at 01/09/15 £17,487

Movement in the period £ 8,050

Amount owing to the Directors as at 31/08/16 £9,437