REGISTERED NUMBER: 02691634 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2017

for

Abbey Drivelines Limited

Page

Company information

1

Abridged balance sheet

2

Notes to the financial statements

4

Director:

B A Lashmar

Secretary:

C J Simmonds

Registered office:

Exchange House

Middle Street

Nazeing

Waltham Abbey

Essex

EN9 2LP

Registered number:

02691634 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

43,176

37,586

Current assets

Debtors

5,251

4,608

Cash at bank

52,084

31,022

57,335

35,630

Creditors

Amounts falling due within one year

(6,997

)

(26,851

)

Net current assets

50,338

8,779

Total assets less current liabilities

93,514

46,365

Creditors

Amounts falling due after more than one year

(80,324

)

(24,480

)

Provisions for liabilities

(7,724

)

(6,406

)

Net assets

5,466

15,479

Capital and reserves

Called up share capital

100

100

Retained earnings

5,366

15,379

Shareholders' funds

5,466

15,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Balance sheet for the year ended 28th February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 1st November 2017 and were signed by:

B A Lashmar - Director

1.	Statutory information

Abbey Drivelines 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

-

25% on reducing balance and 20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	Employees and directors

The average number of employees during the year was 1 .

4.	Tangible fixed assets

Totals

£

Cost

At 29th February 2016

225,854

Additions

22,499

At 28th February 2017

248,353

Depreciation

At 29th February 2016

188,268

Charge for year

16,909

At 28th February 2017

205,177

Net book value

At 28th February 2017

43,176

At 28th February 2016

37,586