REGISTERED NUMBER: 03818640 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

ABBOTTS CAR REPAIRS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

A W Pye

Ms C V McCartney

REGISTERED OFFICE:

Hollin Bridge Street Works

Off Bolton Road

Blackburn

Lancashire

BB2 4BA

REGISTERED NUMBER:

03818640 (England and Wales)

ACCOUNTANTS:

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

BANKERS:

Barclays Bank

Darwen Street

Blackburn

Lancashire

BB2 2BZ

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abbotts Car Repairs Limited for the year ended 31 August 2017 which comprise the

Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abbotts Car Repairs Limited, as a body, in accordance with the terms of our engagement letter dated 12 August 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Abbotts Car Repairs Limited and state those matters that we have agreed to state to the Board of Directors of Abbotts Car Repairs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbotts Car Repairs Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abbotts Car Repairs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abbotts Car Repairs Limited. You consider that Abbotts Car Repairs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abbotts Car Repairs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

16 November 2017

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

63,077

63,163

63,077

63,163

CURRENT ASSETS

Inventories

6,985

7,437

Debtors

6

443,890

399,991

Cash at bank and in hand

412,601

479,358

863,476

886,786

CREDITORS

Amounts falling due within one year

7

198,206

239,503

NET CURRENT ASSETS

665,270

647,283

TOTAL ASSETS LESS CURRENT LIABILITIES

728,347

710,446

PROVISIONS FOR LIABILITIES

10,683

11,925

NET ASSETS

717,664

698,521

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

2

2

Retained earnings

717,562

698,419

SHAREHOLDERS' FUNDS

717,664

698,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 15 November 2017 and were signed on its behalf by:

A W Pye - Director

Ms C V McCartney - Director

1.	STATUTORY INFORMATION

Abbotts Car Repairs 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 represents work done, net of value added tax, adjusted for accrued income where necessary.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

obsolete and slow moving items.

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 19 (2016 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

104,000

AMORTISATION

At 1 September 2016

and 31 August 2017

104,000

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2016

111,763

16,448

26,579

5,924

160,714

Additions

9,844

3,938

2,850

1,733

18,365

Disposals

(38,569

)

(2,802

)

-

(5,022

)

(46,393

)

At 31 August 2017

83,038

17,584

29,429

2,635

132,686

DEPRECIATION

At 1 September 2016

65,159

10,280

16,428

5,684

97,551

Charge for year

4,854

1,014

3,250

397

9,515

Eliminated on disposal

(30,667

)

(1,905

)

-

(4,885

)

(37,457

)

At 31 August 2017

39,346

9,389

19,678

1,196

69,609

NET BOOK VALUE

At 31 August 2017

43,692

8,195

9,751

1,439

63,077

At 31 August 2016

46,604

6,168

10,151

240

63,163

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

180,277

115,057

Other debtors

263,613

284,934

443,890

399,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

113,955

121,617

Taxation and social security

50,085

93,153

Other creditors

34,166

24,733

198,206

239,503

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £44,744 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A W Pye.