Abbey Mills Garage Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 4643002

		2017
	Notes	£	£
FIXED ASSETS
Tangible Assets	6		3,531

			3,531
CURRENT ASSETS
Stocks	7	7,200
Debtors	8	18,902
Cash at bank and in hand		63,531

		89,633
Creditors: Amounts Falling Due Within One Year	9	(51,299 )

NET CURRENT ASSETS (LIABILITIES)			38,334

TOTAL ASSETS LESS CURRENT LIABILITIES			41,865

NET ASSETS			41,865

CAPITAL AND RESERVES
Called up share capital	10		1,000
Profit and loss account			40,865

SHAREHOLDERS' FUNDS			41,865

Page 1

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Peter Morrison-Bartlett

31st October 2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2016	1,000	39,205	40,205
Profit for the year and total comprehensive income	-	1,660	1,660

As at 31 March 2017	1,000	40,865	41,865

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on WDV
Motor Vehicles	25% on WDV
Fixtures & Fittings	25% on WDV
Computer Equipment	25% on WDV

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

6. Tangible Assets


	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2016	13,135	28,347	1,160	7,457	50,099

As at 31 March 2017	13,135	28,347	1,160	7,457	50,099

Depreciation
As at 1 April 2016	11,110	27,363	1,020	7,075	46,568

As at 31 March 2017	11,110	27,363	1,020	7,075	46,568

Net Book Value
As at 31 March 2017	2,025	984	140	382	3,531

As at 1 April 2016	2,025	984	140	382	3,531

Page 4

Abbey Mills Garage Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

7. Stocks

	2017
	£
Stock - materials and work in progress	7,200

	7,200

8. Debtors

	2017
	£
Due within one year
Trade debtors	18,902

	18,902

9. Creditors: Amounts Falling Due Within One Year

	2017
	£
Trade creditors	22,790
Corporation tax	1
Other taxes and social security	781
VAT	3,594
Net wages	1,733
Director's loan account	22,400

	51,299

10. Share Capital

	Value	Number	2017
Allotted, called up and fully paid	£		£
Ordinary shares	1,000.000	1	1,000

11. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

12. General Information

Abbey Mills Garage Limited Registered number 4643002 is a limited by shares company incorporated in England & Wales. The Registered Office is 256 Martin Way, Morden, Surrey, SM4 4AW.