REGISTERED NUMBER: 06470559 (England and Wales)

Financial Statements

for the Year Ended 28th February 2017

for

ABC BUSINESS BROKERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S J Goodwin

SECRETARY:

Mrs T T J Goodwin

REGISTERED OFFICE:

1 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

06470559 (England and Wales)

ACCOUNTANTS:

G.H. Attenborough & Co. Ltd.

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

BANKERS:

Lloyds TSB

37 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AR

FIXED ASSETS

Investments

4

113,408

113,408

CREDITORS

Amounts falling due within one year

5

4,865

34,865

NET CURRENT LIABILITIES

(4,865

)

(34,865

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,543

78,543

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

108,443

78,443

SHAREHOLDERS' FUNDS

108,543

78,543

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 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.

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 4th August 2017 and were signed by:

S J Goodwin - Director

1.	STATUTORY INFORMATION

ABC BUSINESS BROKERS 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.

Preparation of consolidated financial statements

The financial statements contain information about ABC BUSINESS BROKERS LIMITED as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 2 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st March 2016

and 28th February 2017

113,408

NET BOOK VALUE

At 28th February 2017

113,408

At 29th February 2016

113,408

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/17

29/2/16

£

£

Amounts owed to group undertakings

4,865

-

Directors' current accounts

-

34,865

4,865

34,865

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/17

29/2/16

value:

£

£

100

Ordinary shares of £1 each

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1st March 2016

78,443

Profit for the year

30,000

At 28th February 2017

108,443