Abbeymint Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 4326060

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		132,680		132,680
Tangible Assets	6		482		643

			133,162		133,323
CURRENT ASSETS
Stocks	7	33,613		33,618
Debtors	8	99,765		103,546
Cash at bank and in hand		20,281		23,787

		153,659		160,951
Creditors: Amounts Falling Due Within One Year	9	(85,881 )		(93,386 )

NET CURRENT ASSETS (LIABILITIES)			67,778		67,565

TOTAL ASSETS LESS CURRENT LIABILITIES			200,940		200,888

NET ASSETS			200,940		200,888

CAPITAL AND RESERVES
Called up share capital	10		200,000		200,000
Profit and loss account			940		888

SHAREHOLDERS' FUNDS			200,940		200,888

Page 1

Abbeymint Limited

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.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

On behalf of the board

Mrs Shamim Asif

17/05/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	200,000	227	200,227
Profit for the year and total comprehensive income	-	26,661	26,661

Dividends paid	-	(26,000)	(26,000)

As at 31 March 2016 and 1 April 2016	200,000	888	200,888


Profit for the year and total comprehensive income	-	10,052	10,052

Dividends paid	-	(10,000)	(10,000)

As at 31 March 2017	200,000	940	200,940

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

1.4. 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:

Leasehold	NIL
Fixtures & Fittings	25% reducing balance method

1.5. 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.

1.6. 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.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2017	2016
	£	£
Wages and salaries	60,966	58,631
Other pension costs	19	-

	60,985	58,631

Page 4

Abbeymint Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

5. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2016	132,680

As at 31 March 2017	132,680

Net Book Value
As at 31 March 2017	132,680

As at 1 April 2016	132,680

6. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2016	1,000	20,145	21,145

As at 31 March 2017	1,000	20,145	21,145

Depreciation
As at 1 April 2016	1,000	19,502	20,502
Provided during the period	-	161	161

As at 31 March 2017	1,000	19,663	20,663

Net Book Value
As at 31 March 2017	-	482	482

As at 1 April 2016	-	643	643

7. Stocks

	2017	2016
	£	£
Stock - finished goods	33,613	33,618

	33,613	33,618

Page 5

Abbeymint Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

8. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	73,768	79,330
Other debtors	9,300	9,300
VAT	15,788	14,916
Directors' loan accounts	909	-

	99,765	103,546

9. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	81,591	83,050
Corporation tax	2,554	6,694
Other taxes and social security	385	768
Accruals and deferred income	1,351	1,351
Directors' loan accounts	-	1,523

	85,881	93,386

10. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	200000	200,000	200,000

11. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 April 2016	Amounts advanced	Amounts repaid	As at 31 March 2017
	£	£	£	£
Mrs Shamim Asif	-	454	-	454
Dr Mohamed Asif	-	455	-	455

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

Page 6

Abbeymint Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

12. Dividends

	2017	2016
	£	£
On equity shares:
Interim dividend paid	10,000	26,000

	10,000	26,000

13. General Information

Abbeymint Limited Registered number 4326060 is a limited by shares company incorporated in England & Wales. The Registered Office is 1d Birch Grove, Slough, Berkshire, SL2 1EP.