REGISTERED NUMBER: 03269620

ABI'S CATERING SUPPLIER LTD.

Unaudited Financial Statements

For The Year Ended 30th April 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Mohseni

Mrs L A Mohseni

SECRETARY:

Mrs L A Mohseni

REGISTERED OFFICE:

1 Nelson Street

Southend-on-sea

Essex

SS1 1EG

REGISTERED NUMBER:

03269620

ACCOUNTANTS:

Wilkins Kennedy LLP

Chartered Accountants

1 - 5 Nelson Street

Southend on Sea

Essex

SS1 1EG

BANKERS:

Lloyds TSB Bank plc

Black Horse House

Bentalls

Pipps Hill

Basildon

Essex

SS14 3BY

FIXED ASSETS

Tangible assets

3

131,903

102,278

CURRENT ASSETS

Stocks

171,507

163,518

Debtors

4

59,118

102,062

Cash at bank and in hand

261,307

153,986

491,932

419,566

CREDITORS

Amounts falling due within one year

5

351,653

169,110

NET CURRENT ASSETS

140,279

250,456

TOTAL ASSETS LESS CURRENT LIABILITIES

272,182

352,734

CREDITORS

Amounts falling due after more than one year

6

(15,661

)

(31,918

)

PROVISIONS FOR LIABILITIES

(8,010

)

(10,166

)

NET ASSETS

248,511

310,650

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

248,411

310,550

SHAREHOLDERS' FUNDS

248,511

310,650

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21st December 2017 and were signed on its behalf by:

M Mohseni - Director

1.	STATUTORY INFORMATION

Abi'S Catering Supplier Ltd. is a private company, limited by shares , registered in Not specified/Other. 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 10% on cost

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.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2016

392,033

Additions

50,047

At 30th April 2017

442,080

DEPRECIATION

At 1st May 2016

289,755

Charge for year

20,422

At 30th April 2017

310,177

NET BOOK VALUE

At 30th April 2017

131,903

At 30th April 2016

102,278

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

53,865

44,941

Other debtors

5,253

57,121

59,118

102,062

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

12,306

12,306

Trade creditors

160,543

134,345

Taxation and social security

6,865

11,277

Other creditors

171,939

11,182

351,653

169,110

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

15,661

31,918

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company received an injection of funds from a director amounting to £187,533. Repayments

against this loan amounted to £118,743, no interest is chargeable and is repayable on demand.

A final dividend has been voted in these accounts, of which £70,000 is attributable the directors of the company.

During the year the company paid rent of £30,000 (2016: £30,000) to a director in relation to the rental of

company business premises.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M Mohseni.