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REGISTERED NUMBER: 04460053 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

ABBEY UPHOLSTERY LIMITED

ABBEY UPHOLSTERY LIMITED (REGISTERED NUMBER: 04460053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBEY UPHOLSTERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTORS: Mrs J D Stores
C M A Brown





SECRETARY: Mrs J D Stores





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 04460053 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

ABBEY UPHOLSTERY LIMITED (REGISTERED NUMBER: 04460053)

BALANCE SHEET
30 JUNE 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,012 4,437
3,012 4,437

CURRENT ASSETS
Stocks 2,987 3,403
Debtors 6 873 158
Cash at bank and in hand 27 200
3,887 3,761
CREDITORS
Amounts falling due within one year 7 5,010 4,233
NET CURRENT LIABILITIES (1,123 ) (472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,889

3,965

PROVISIONS FOR LIABILITIES 96 492
NET ASSETS 1,793 3,473

CAPITAL AND RESERVES
Called up share capital 94 94
Retained earnings 1,699 3,379
SHAREHOLDERS' FUNDS 1,793 3,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ABBEY UPHOLSTERY LIMITED (REGISTERED NUMBER: 04460053)

BALANCE SHEET - continued
30 JUNE 2017


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 28 November 2017 and were signed on its behalf
by:





C M A Brown - Director


ABBEY UPHOLSTERY LIMITED (REGISTERED NUMBER: 04460053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

1. STATUTORY INFORMATION

Abbey Upholstery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis which is considered appropriate given the
continued support of the directors.

First year adoption
The principal accounting policies adopted in the preparation of the financial statements are set out below and
have remained unchanged from the previous period. These policies have been consistently applied to all years
presented unless otherwise stated.

These financial statements, for the year ended 30 June 2017, are the first financial statements that comply with
FRS 102 Section 1A "Small Entities". The date of transition is 1 July 2015.

The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes to the accounting policies
or to the opening equity and profit for the comparative period.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has now been fully
amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 10% on cost
Motor vehicles - 25% 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.


ABBEY UPHOLSTERY LIMITED (REGISTERED NUMBER: 04460053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2016
and 30 June 2017 3,096
AMORTISATION
At 1 July 2016
and 30 June 2017 3,096
NET BOOK VALUE
At 30 June 2017 -
At 30 June 2016 -

5. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 July 2016
and 30 June 2017 3,513 5,500 9,013
DEPRECIATION
At 1 July 2016 3,201 1,375 4,576
Charge for year 50 1,375 1,425
At 30 June 2017 3,251 2,750 6,001
NET BOOK VALUE
At 30 June 2017 262 2,750 3,012
At 30 June 2016 312 4,125 4,437

ABBEY UPHOLSTERY LIMITED (REGISTERED NUMBER: 04460053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 710 -
Prepayments 163 158
873 158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 174 -
Directors' current accounts 1 1,215
Accruals and deferred income 4,835 3,018
5,010 4,233