REGISTERED NUMBER: 04722329 (England and Wales)

Abc Diesels Limited

Abbreviated Unaudited Accounts

for the Year Ended

30 April 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

R J Blyth

S A Carter

SECRETARY:

R J Blyth

REGISTERED OFFICE:

Unit 23

Bells Marsh Road

Gorleston

Great Yarmouth

Norfolk

NR31 6PT

REGISTERED NUMBER:

04722329 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

170 High Street

Gorleston

Great Yarmouth

Norfolk

NR31 6RG

FIXED ASSETS

Tangible assets

2

131,659

114,828

CURRENT ASSETS

Stocks

88,350

73,444

Debtors

125,708

84,604

Cash at bank and in hand

155,705

147,580

369,763

305,628

CREDITORS

Amounts falling due within one year

(196,285

)

(164,061

)

NET CURRENT ASSETS

173,478

141,567

TOTAL ASSETS LESS CURRENT LIABILITIES

305,137

256,395

CREDITORS

Amounts falling due after more than one year

3

(24,061

)

(28,644

)

PROVISIONS FOR LIABILITIES

(6,738

)

(4,483

)

NET ASSETS

274,338

223,268

CAPITAL AND RESERVES

Called up share capital

4

6

6

Profit and loss account

274,332

223,262

SHAREHOLDERS' FUNDS

274,338

223,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 12 January 2017 and were signed on its behalf by:

R J Blyth - Director

S A Carter - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost of buildings

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

162,689

Additions

32,344

Disposals

(4,995

)

At 30 April 2016

190,038

DEPRECIATION

At 1 May 2015

47,861

Charge for year

13,441

Eliminated on disposal

(2,923

)

At 30 April 2016

58,379

NET BOOK VALUE

At 30 April 2016

131,659

At 30 April 2015

114,828

3.

CREDITORS

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

2016

2015

£

£

Repayable by instalments

5,728

10,311

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

4

Ordinary A

£1

4

4

2

Ordinary B

£1

2

2

6

6

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £72,000 (2015 - £80,000) were paid to the directors .

During the year dividends totalling £25,000 (2015 - £25,000) were paid to Mrs Amanda Blyth a directors wife.

During the year dividends totalling £25,000 (2015 - £25,000) were paid to Miss Maxine Shepherd a directors

partner.

R J Blyth

Director and shareholder

2016

2015

£

£

Amount due to related party at the balance sheet date

9,558

10,434

S A Carter

Director and shareholder

2016

2015

£

£

Amount due to related party at the balance sheet date

11,938

10,814