Abbott & Sons Limited - Period Ending 2017-10-31

Abbott & Sons Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2017

S A Gillingham Accountancy Ltd
Chartered Certified Accountants
58 Kinson Road
Bournemouth
Dorset
BH10 4AN

Abbott & Sons Limited

(Registration number: 04908704)
Balance Sheet as at 31 October 2017

	2017 £	2016 £
Fixed assets	12,198	16,056
Current assets	11,016	9,726
Prepayments and accrued income	269	345
Creditors: Amounts falling due within one year	(16,100)	(21,540)
Net current liabilities	(4,815)	(11,469)
Total assets less current liabilities	7,383	4,587
Accruals and deferred income	(1,127)	(1,048)
	6,256	3,539
Capital and reserves	6,256	3,539

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
58 Kinson Road
Wallisdown
Bournemouth
Dorset
BH10 4AN
UK

These financial statements were authorised for issue by the Board on 12 March 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.

2	Related party transactions

Transactions with directors

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Abbott & Sons Limited

(Registration number: 04908704)
Balance Sheet as at 31 October 2017

2017	Advances to directors £	Repayments by director £	At 31 October 2017 £
Mr L Abbott
The following transactions subsisted during the year	13,463	(13,463)	-
	13,463	(13,463)	-

Mrs B J Abbott
The following transactions subsisted during the year	13,463	(13,463)	-
	13,463	(13,463)	-

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2016 : 3).

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Abbott & Sons Limited

(Registration number: 04908704)
Balance Sheet as at 31 October 2017

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 12 March 2018 and signed on its behalf by:

.........................................

Mr L Abbott

Director

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