REGISTERED NUMBER: 03026015 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Abbotsfield Metals Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Ronald Atherton

SECRETARY:

Raymond Atherton

REGISTERED OFFICE:

Unit 1F

Abbotsfield Industrial Estate

Reginald Road

St Helens

Merseyside

WA9 4HU

REGISTERED NUMBER:

03026015 (England and Wales)

ACCOUNTANTS:

Crowther Jordan Limited

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

SOLICITORS:

J Keith Park & Co

Claughton House

39 Barrow Street

St Helens

Mersyside

WA10 1RX

FIXED ASSETS

Tangible assets

4

64,382

68,126

CURRENT ASSETS

Stocks

1,009,726

966,337

Debtors

5

17,904

10,059

Investments

6

7,500

7,500

Cash at bank and in hand

2,480,555

2,170,846

3,515,685

3,154,742

CREDITORS

Amounts falling due within one year

7

79,779

92,473

NET CURRENT ASSETS

3,435,906

3,062,269

TOTAL ASSETS LESS CURRENT LIABILITIES

3,500,288

3,130,395

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,500,188

3,130,295

SHAREHOLDERS' FUNDS

3,500,288

3,130,395

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 27 September 2017 and were signed by:

Ronald Atherton - Director

1.	STATUTORY INFORMATION

Abbotsfield Metals Ltd 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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks 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 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.

Fixed asset investment

Fixed asset investments are valued at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

67,889

257,016

324,905

Additions

-

679

679

Disposals

-

(1,000

)

(1,000

)

At 30 April 2017

67,889

256,695

324,584

DEPRECIATION

At 1 May 2016

14,117

242,662

256,779

Charge for year

700

3,713

4,413

Eliminated on disposal

-

(990

)

(990

)

At 30 April 2017

14,817

245,385

260,202

NET BOOK VALUE

At 30 April 2017

53,072

11,310

64,382

At 30 April 2016

53,772

14,354

68,126

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

8,914

1,403

Other debtors

8,990

8,656

17,904

10,059

6.	CURRENT ASSET INVESTMENTS

30.4.17

30.4.16

£

£

Unlisted investments

7,500

7,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

1,484

567

Taxation and social security

71,852

86,003

Other creditors

6,443

5,903

79,779

92,473

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ronald Atherton.

9.	EXPLANATION OF TRANSITION TO FRS 102 1A FROM OLD UK GAAP

These are the Company's first financial statements prepared in accordance with FRS 102 1A. The accounting

policies set out in note 1 have been applied in preparing the financial statements for the year ended 30 April

2017 and the comparative information presented in these financial statements for the year ended 30 April

2016.

In preparing its FRS 102 1A balance sheet, the Company has identified no FRS 102 1A impact on the transition

from old UK GAAP to FRS 102 1A.

The following reproduces the text of the report prepared for the director and members 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Director 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 Abbotsfield Metals Ltd for the year ended 30 April 2017 which comprise the Income

Statement, Balance Sheet, 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 director of Abbotsfield Metals Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abbotsfield Metals Ltd and state those matters that we have agreed to state to the director of Abbotsfield Metals Ltd 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 Abbotsfield Metals Ltd director for our work or for this report.

It is your duty to ensure that Abbotsfield Metals Ltd 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 Abbotsfield Metals Ltd. You consider that Abbotsfield Metals Ltd 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 Abbotsfield Metals Ltd. 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.

Crowther Jordan Limited

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

27 September 2017