REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2018 |
for |
Abbeystreet Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2018 |
for |
Abbeystreet Limited |
Abbeystreet Limited (Registered number: 03291183) |
Contents of the Financial Statements |
for the Year Ended 31 January 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Abbeystreet Limited |
Company Information |
for the Year Ended 31 January 2018 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Chester House |
17 Gold Tops |
Newport |
SOUTH WALES |
NP20 4PH |
Abbeystreet Limited (Registered number: 03291183) |
Statement of Financial Position |
31 January 2018 |
31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Abbeystreet Limited (Registered number: 03291183) |
Statement of Financial Position - continued |
31 January 2018 |
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 |
Abbeystreet Limited (Registered number: 03291183) |
Notes to the Financial Statements |
for the Year Ended 31 January 2018 |
1. | STATUTORY INFORMATION |
Abbeystreet Limited is a |
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 |
Turnover |
Revenue 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 |
Fixtures and fittings | - |
Computer equipment | - |
Financial instruments |
Financial instruments are classified and accounted for according to the substance of the contractual arrangements |
as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity |
instrument is any contract that evidences a residual interest in the assets of the company after deducting all its |
liabilities. |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, |
they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement |
constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate |
of interest for a similar debt instrument |
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. |
Abbeystreet Limited (Registered number: 03291183) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
2. | ACCOUNTING POLICIES - continued |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position 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. |
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 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2017 |
and 31 January 2018 |
DEPRECIATION |
At 1 February 2017 |
Charge for year |
At 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
At 31 January 2017 |
Abbeystreet Limited (Registered number: 03291183) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Tax |
Social security and other taxes |
VAT | 8,017 | 7,564 |
Directors' current accounts | 2,628 | 3,311 |
Accrued expenses |
7. | PROVISIONS FOR LIABILITIES |
31.1.18 | 31.1.17 |
£ | £ |
Deferred tax |
Accelerated capital allowances | 418 | 518 |
Deferred |
tax |
£ |
Balance at 1 February 2017 |
Utilised during year | ( |
) |
Balance at 31 January 2018 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.18 | 31.1.17 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |