Abco Insurance Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04670817 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

ABCO INSURANCE SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J K Abbott

Mrs D H Abbott

C Abbott

Mrs S Abbott

SECRETARY:

J K Abbott

REGISTERED OFFICE:

76 High Street

Earls Colne

Colchester

Essex

CO6 2QX

REGISTERED NUMBER:

04670817 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

80,000

Intangible assets

2

80,000

1,899

Tangible assets

3

2,958

81,899

82,958

CURRENT ASSETS

690

Debtors

1,322

65,175

Cash at bank and in hand

62,386

65,865

63,708

CREDITORS

38,045

Amounts falling due within one year

35,118

27,820

NET CURRENT ASSETS

28,590

109,719

TOTAL ASSETS LESS CURRENT
LIABILITIES

111,548

CAPITAL AND RESERVES

90,000

Called up share capital

4

90,000

19,719

Profit and loss account

21,548

109,719

SHAREHOLDERS' FUNDS

111,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 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 Board of Directors on 27 April 2017 and were signed on its
behalf by:

C Abbott - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Goodwill

The goodwill of the business is deemed to be an amount that is measurable each year by the directors

and has an estimated useful economic life exceeding 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Turnover

Turnover represents the net invoiced sale of services.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

80,000

NET BOOK VALUE

At 31 July 2016

80,000

At 31 July 2015

80,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

14,613

Additions

2,048

At 31 July 2016

16,661

DEPRECIATION

At 1 August 2015

12,714

Charge for year

989

At 31 July 2016

13,703

NET BOOK VALUE

At 31 July 2016

2,958

At 31 July 2015

1,899

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

1,000

Ordinary

£1

1,000

89

Ordinary B

£1,00

0

89,000

90,000