REGISTERED NUMBER: 04571366 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abbotswood Enterprises Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

46

62

CURRENT ASSETS

Debtors

5

412,170

407,261

Cash at bank

378

782

412,548

408,043

CREDITORS

Amounts falling due within one year

6

462,027

463,564

NET CURRENT LIABILITIES

(49,479

)

(55,521

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,433

)

(55,459

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(49,434

)

(55,460

)

SHAREHOLDERS' FUNDS

(49,433

)

(55,459

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 19 December 2017 and were signed by:

P J Brown - Director

1.	STATUTORY INFORMATION

Abbotswood Enterprises Limited is a private company, limited by shares, registered in England & Wales. The

company's registered number is 04571366 and registered office address is Treviot House, 186-192 High Road,

Ilford, Essex IG1 1LR

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.

Turnover

Turnover represents commission income receivable during the year.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The director is aware that the company has net liabilities, however having agreed to support the company's

liabilities, the director considers that it is appropriate to prepare the accounts on a going concern basis, which

assumes the company will continue to trade for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

1,689

DEPRECIATION

At 1 April 2016

1,627

Charge for year

16

At 31 March 2017

1,643

NET BOOK VALUE

At 31 March 2017

46

At 31 March 2016

62

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

68,368

56,928

Other debtors

343,802

350,333

412,170

407,261

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

3,246

36

Other creditors

458,781

463,528

462,027

463,564

7.	FIRST YEAR ADOPTION

There are no adjustments to be shown in a Reconciliation of Equity as at 1st April 2015 (date of transition to

FRS102). There are no adjustments to be made in the Reconciliation of Equity as at 31st March 2016, or in the

Reconciliation of Profit for the year ended 31st March 2016, as a result of the transition to FRS102.