REGISTERED NUMBER: 07230348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

ABMINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Emerson

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

07230348 (England and Wales)

ACCOUNTANTS:

Dennis & Turnbull

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

4

636

-

CURRENT ASSETS

Debtors

5

26,493

41,700

Cash at bank

8,690

1,153

35,183

42,853

CREDITORS

Amounts falling due within one year

6

33,355

40,859

NET CURRENT ASSETS

1,828

1,994

TOTAL ASSETS LESS CURRENT LIABILITIES

2,464

1,994

PROVISIONS FOR LIABILITIES

121

-

NET ASSETS

2,343

1,994

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

7

2,143

1,794

SHAREHOLDERS' FUNDS

2,343

1,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 5 July 2017 and were signed by:

J Emerson - Director

1.	STATUTORY INFORMATION

Abmine 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 net invoiced sales of services, excluding value added tax.

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

-

33% straight line basis

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 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 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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

737

At 30 April 2017

737

DEPRECIATION

Charge for year

101

At 30 April 2017

101

NET BOOK VALUE

At 30 April 2017

636

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

26,493

41,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

32,429

39,899

Other creditors

926

960

33,355

40,859

7.

RESERVES

Retained

earnings

£

At 1 May 2016

1,794

Profit for the year

130,349

Dividends

(130,000

)

At 30 April 2017

2,143

8.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with the following related parties.

Name of related

Nature of

Transaction

Income /

party

relationship

details

(Expense)

£

J Emerson

Director/Shareholder

Dividends

(38,000)

H Emerson

Shareholder

Dividends

(92,000)

9.	LOANS WITH PARTICIPATORS

The following loans to participators subsisted during the years ended 30 April 2017 and 30 April 2016.

J Emerson

2017

2016

Balance owed from participator brought forward

(41,700)

(2,503)

Balance owed from participator carried forward

(26,467)

(41,700)

This loan is interest free.