REGISTERED NUMBER: 05160644 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

ABBEY LAW COSTS CONSULTANTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

G A Church

REGISTERED OFFICE:

44 Springfield Road

Horsham

West Sussex

RH12 2PD

BUSINESS ADDRESS:

Langton House

81 High Street

Battle

East Sussex

TN33 0AQ

REGISTERED NUMBER:

05160644 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

44 Springfield Road

Horsham

West Sussex

RH12 2PD

BANKERS:

Lloyds TSB

171 - 173 North Street

East Sussex

Brighton

BN1 1GL

FIXED ASSETS

Tangible assets

4

13,625

24,549

CURRENT ASSETS

Debtors

5

197,372

165,695

Cash at bank and in hand

6,002

16,507

203,374

182,202

CREDITORS

Amounts falling due within one year

6

172,833

199,336

NET CURRENT ASSETS/(LIABILITIES)

30,541

(17,134

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,166

7,415

PROVISIONS FOR LIABILITIES

2,316

-

NET ASSETS

41,850

7,415

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

40,850

6,415

SHAREHOLDERS' FUNDS

41,850

7,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 March 2018 and were signed by:

G A Church - Director

1.	STATUTORY INFORMATION

Abbey Law Costs Consultants Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 June 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 July 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on cost and 20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment and website costs

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

Fixtures

and

Plant and

and

website

machinery

fittings

costs

Totals

£

£

£

£

COST

At 1 July 2016

and 30 June 2017

41,299

3,912

14,051

59,262

DEPRECIATION

At 1 July 2016

19,530

3,431

11,752

34,713

Charge for year

9,418

246

1,260

10,924

At 30 June 2017

28,948

3,677

13,012

45,637

NET BOOK VALUE

At 30 June 2017

12,351

235

1,039

13,625

At 30 June 2016

21,769

481

2,299

24,549

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

51,756

43,277

Other debtors

145,616

122,418

197,372

165,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

4,500

Trade creditors

6,519

1,062

Taxation and social security

125,283

155,270

Other creditors

41,031

38,504

172,833

199,336

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

-

4,500

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date G A Church owed the company £54,549 (2016: £51,083). Interest is charged on the

overdrawn Directors' current account at a rate of 3/2.5% per annum with total interest charged in the period of

£1,497 (2016: £1,278). The loan has no set repayment terms.

9.	RELATED PARTY DISCLOSURES

At the year end, a balance of £56,250 (2016: £42,448) was owed to the company by, N Webb, the husband of a

shareholder. Interest is charged on the loan at 3/2.5%, with total interest charged in the period of £1,399 (2016:

£1,218). The loan has no set repayment terms.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Church, a director.

11.	FIRST YEAR ADOPTION

The company's date of transition to FRS 102 was 1 July 2015.

No transitional adjustments have been made to the comparative figures and the company's financial position and

performance have not been affected by the transition to FRS 102. There have been no significant changes to the

accounting policies as a result of the new financial reporting framework.