REGISTERED NUMBER: 04503863 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Abba Cars (Warrington) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P P Bailey

SECRETARY:

REGISTERED OFFICE:

Unit 3

Crown Street

Warrington

Cheshire

WA1 2AE

REGISTERED NUMBER:

04503863 (England and Wales)

ACCOUNTANTS:

Ariston Ltd

Ariston House

Albany Road

Gateshead

Tyne and Wear

NE8 3AT

FIXED ASSETS

Intangible assets

2

220,000

-

Tangible assets

3

413,419

174,753

633,419

174,753

CURRENT ASSETS

Debtors

66,426

150,743

Cash at bank

13,847

8,366

80,273

159,109

CREDITORS

Amounts falling due within one year

262,571

189,985

NET CURRENT LIABILITIES

(182,298

)

(30,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

451,121

143,877

CREDITORS

Amounts falling due after more than one year

4

345,461

93,602

NET ASSETS

105,660

50,275

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

105,658

50,273

SHAREHOLDERS' FUNDS

105,660

50,275

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 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 director on 31 July 2017 and were signed by:

P P Bailey - 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on cost

Motor vehicles

-

20% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

252,000

Additions

220,000

At 31 October 2016

472,000

AMORTISATION

At 1 November 2015

and 31 October 2016

252,000

NET BOOK VALUE

At 31 October 2016

220,000

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

537,806

Additions

271,055

Disposals

(6,250

)

At 31 October 2016

802,611

DEPRECIATION

At 1 November 2015

363,053

Charge for year

29,093

Eliminated on disposal

(2,954

)

At 31 October 2016

389,192

NET BOOK VALUE

At 31 October 2016

413,419

At 31 October 2015

174,753

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.10.16

31.10.15

£

£

Repayable by instalments

339,940

93,602

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

2

Ordinary

£ 1

2

2