REGISTERED NUMBER: 07238640 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2016

FOR

THE ABBEY LANE STORES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr. B Patel

REGISTERED OFFICE:

109 Coleman Road

Leicester

Leicestershire

LE5 4LE

BUSINESS ADDRESS:

417 Abbey Lane

Leicester

LE5 5QJ

REGISTERED NUMBER:

07238640 (England and Wales)

ACCOUNTANTS:

Watergates Ltd

109 Coleman Road

Leicester

LE5 4LE

FIXED ASSETS

Intangible assets

2

-

10,000

Tangible assets

3

5,600

15,075

5,600

25,075

CURRENT ASSETS

Stocks

45,463

39,438

Debtors

6,000

-

Cash at bank and in hand

13,391

18,632

64,854

58,070

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

(70,966

)

(84,840

)

NET CURRENT LIABILITIES

(6,112

)

(26,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(512

)

(1,695

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(514

)

(1,697

)

SHAREHOLDERS' FUNDS

(512

)

(1,695

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2016.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st August 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25th May 2017 and were signed by:

Mr. B Patel - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

20% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

DEFERRED TAX

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

50,000

AMORTISATION

At 1st September 2015

40,000

Amortisation for year

10,000

At 31st August 2016

50,000

NET BOOK VALUE

At 31st August 2016

-

At 31st August 2015

10,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

47,374

DEPRECIATION

At 1st September 2015

32,299

Charge for year

9,475

At 31st August 2016

41,774

NET BOOK VALUE

At 31st August 2016

5,600

At 31st August 2015

15,075

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

£

2

Ordinary

1

2

2