REGISTERED NUMBER: 04658162 (England and Wales)

Abraham Brothers Limited

Unaudited Financial Statements

for the Period 1 April 2017 to 31 October 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Abrahams

SECRETARY:

P R Abrahams

REGISTERED OFFICE:

23A White Lee Road

Batley

West Yorkshire

WF17 8AA

REGISTERED NUMBER:

04658162 (England and Wales)

ACCOUNTANTS:

Howard & Co. Accountants LLP

6 Market Street

Birstall

West Yorkshire

WF17 9EN

FIXED ASSETS

Intangible assets

4

-

34,907

Tangible assets

5

-

11,496

-

46,403

CURRENT ASSETS

Debtors

6

-

2,300

Cash at bank

14,860

13,473

14,860

15,773

CREDITORS

Amounts falling due within one year

7

17,076

14,860

NET CURRENT (LIABILITIES)/ASSETS

(2,216

)

913

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,216

)

47,316

CREDITORS

Amounts falling due after more than one year

8

-

(10,158

)

PROVISIONS FOR LIABILITIES

-

(2,184

)

NET (LIABILITIES)/ASSETS

(2,216

)

34,974

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

(2,316

)

34,874

SHAREHOLDERS' FUNDS

(2,216

)

34,974

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 9 February 2018 and were signed by:

P R Abrahams - Director

1.	STATUTORY INFORMATION

Abraham Brothers 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.

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.

Turnover

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

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the incorporation of the business in the period ended 31

March 2004, was estimated to have a remaining useful life of 10 years on 1 April 2015 on transition to Financial

Reporting Standard 102 and is being amortised evenly over this period.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

15% on reducing balance

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

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

sheet 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 October 2017

60,000

AMORTISATION

At 1 April 2017

25,093

Charge for period

34,907

At 31 October 2017

60,000

NET BOOK VALUE

At 31 October 2017

-

At 31 March 2017

34,907

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

86,220

Disposals

(86,220

)

At 31 October 2017

-

DEPRECIATION

At 1 April 2017

74,724

Eliminated on disposal

(74,724

)

At 31 October 2017

-

NET BOOK VALUE

At 31 October 2017

-

At 31 March 2017

11,496

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Trade debtors

-

2,300

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Bank loans and overdrafts

-

5,145

Trade creditors

-

187

Taxation and social security

10,910

8,551

Other creditors

6,166

977

17,076

14,860

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2017

£

£

Bank loans

-

10,158