| ABC Incorporation Limited |
| Registered Number:05945771 |
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
ABC Incorporation Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
ABC Incorporation Limited
Statement of Financial Position
2015
2016
| Property, plant and equipment |
11,841
15,560
2
1,157,863
1,225,719
3
1,237,560
1,173,423
| Trade and other receivables |
977,994
1,693,269
4
360,722
| Cash and cash equivalents |
77,637
1,770,906
1,338,716
| Trade and other payables: amounts falling due within one year |
(795,795)
(703,259)
5
542,921
1,067,647
Net current assets
| Total assets less current liabilities |
2,305,207
1,716,344
(2,066)
(3,850)
| Provisions for liabilities |
2,303,141
Net assets
1,712,494
1,000
1,000
2,302,141
1,711,494
2,303,141
1,712,494
Shareholders' funds
| For the year ended 31 December 2016 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 December 2016 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his 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. |
| These financial statements were approved and authorised for issue by the Board on 27 September 2017 and were signed by: |
| The notes form part of these financial statements |
1 of 4
For the year ended 31 December 2016
ABC Incorporation Limited
Notes to the Financial Statements
Statutory Information
| ABC Incorporation Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 05945771. |
York House
Smisby Road
Ashby de la Zouch
Leicestershire
LE65 2UG
| 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. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years. |
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: |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 December 2016
ABC Incorporation Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
54,283
3,370
57,653
| Provision for depreciation and impairment |
38,723
Charge for year
7,089
45,812
11,841
15,560
| 3. Investments held as fixed assets |
| Shares in group and participating interests |
1,157,863
1,157,863
168,056
168,056
(100,200)
(100,200)
1,225,719
1,225,719
1,225,719
1,225,719
1,157,863
1,157,863
| 4. Trade and other receivables |
2015
2016
176,592
101,973
| Amounts owed by group undertakings and participating interests |
245,116
156,970
1,271,561
719,051
977,994
1,693,269
3 of 4
For the year ended 31 December 2016
ABC Incorporation Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2015
2016
82,542
94,666
| Amounts owed to group undertaking and undertaking in which the company |
| has a participating interest |
271,174
318,757
| Taxation and social security |
195,096
227,468
154,447
154,904
703,259
795,795
| 6. Related party transactions |
| The company was owed monies by the following group undertakings at the year end: Moore & York Holdings Limited £64,594 |
| (2015 - £61,565), Bluestar Mortgages Limited £579 (2015 - £579), Pegasus Wills Limited £14,938 (2015 - £13,630), Ernest Dean |
| £70,904 (2015 - £nil), O2 Water Solutions Limited £70,483 (2015 - £54,753), Maverick Incorporation Limited £12,513 (2015 - |
| £12,500) and Moore & York Limited £11,105 (2015 - £13,942). |
| The company owed monies to the following group undertakings at the year end: CBTC Limited £97,118 (2015 - £91,922), Expert |
| Solutions Limited £119,672 (2015 - £125,953), Curzon Claims Limited £41,296 (2015 - £42,074), and Radiant Legal Limited |
| £13,088 (2015 - £13,088). |
| Mr P Butler is the ultimate controllling person of the above group undertakings. This is by way of his ownership of Maverick |
| Incorporation Limited, the parent company of the group. |
| The controlling party is Maverick Incorporation Limited, a company registered in England. |
| 7. Directors advances and guarantees |
Repaid
Paul Butler
Interest free loan
-
380,000
380,000
-
380,000
380,000
4 of 4