REGISTERED NUMBER: 05573158 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th September 2017

for

ABBEY CLEANERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Farrow

SECRETARY:

P Farrow

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

05573158 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

6,802

7,594

CURRENT ASSETS

Debtors

5

2,967

4,615

Cash in hand

2,701

2,181

5,668

6,796

CREDITORS

Amounts falling due within one year

6

12,471

11,132

NET CURRENT LIABILITIES

(6,803

)

(4,336

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1

)

3,258

PROVISIONS FOR LIABILITIES

1,064

1,164

NET (LIABILITIES)/ASSETS

(1,065

)

2,094

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,165

)

1,994

SHAREHOLDERS' FUNDS

(1,065

)

2,094

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 26th June 2018 and were signed by:

D Farrow - Director

1.	STATUTORY INFORMATION

Abbey Cleaners 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.

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

-

25% on reducing balance and 15% on reducing balance

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 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 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2016

35,143

Additions

441

At 30th September 2017

35,584

DEPRECIATION

At 1st October 2016

27,549

Charge for year

1,233

At 30th September 2017

28,782

NET BOOK VALUE

At 30th September 2017

6,802

At 30th September 2016

7,594

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,694

825

Other debtors

1,273

3,790

2,967

4,615

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

2,612

1,482

Trade creditors

3,439

3,963

Taxation and social security

3,310

1,913

Other creditors

3,110

3,774

12,471

11,132

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2017 and

30th September 2016:

2017

2016

£

£

D Farrow

Balance outstanding at start of year

(1,416

)

(2,623

)

Amounts advanced

7,331

5,000

Amounts repaid

(5,905

)

(3,793

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10

(1,416

)

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Farrow.