REGISTERED NUMBER: 04293562 (England and Wales)

Financial Statements for the Year Ended 30 June 2017

for

Abchurch Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr F J Gomez

SECRETARY:

Mr D Bellis

REGISTERED OFFICE:

8th Floor

Elizabeth House

54-58 High Street

Edgware

Middlesex

HA8 7EJ

REGISTERED NUMBER:

04293562 (England and Wales)

ACCOUNTANTS:

Korklin & Company

Certified Practising Accountants

8th Floor

Elizabeth House

54 - 58 High Street

Edgware

Middlesex

HA8 7EJ

FIXED ASSETS

Tangible assets

4

16,333

12,701

CURRENT ASSETS

Debtors

5

85,866

85,489

Cash at bank and in hand

117,174

153,404

203,040

238,893

CREDITORS

Amounts falling due within one year

6

45,348

54,928

NET CURRENT ASSETS

157,692

183,965

TOTAL ASSETS LESS CURRENT LIABILITIES

174,025

196,666

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

174,023

196,664

SHAREHOLDERS' FUNDS

174,025

196,666

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 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 7 March 2018 and were signed by:

Mr F J Gomez - Director

1.	STATUTORY INFORMATION

Abchurch Services 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.

Motor vehicles

-

25% on reducing balance

Equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 July 2016

32,400

36,565

68,965

Additions

12,450

-

12,450

Disposals

(6,000

)

-

(6,000

)

At 30 June 2017

38,850

36,565

75,415

DEPRECIATION

At 1 July 2016

24,428

31,836

56,264

Charge for year

4,261

1,182

5,443

Eliminated on disposal

(2,625

)

-

(2,625

)

At 30 June 2017

26,064

33,018

59,082

NET BOOK VALUE

At 30 June 2017

12,786

3,547

16,333

At 30 June 2016

7,972

4,729

12,701

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

15,866

15,489

Other debtors

70,000

70,000

85,866

85,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Corporation Tax

29,434

39,940

Social security and other taxes

5,465

9,330

Directors' current accounts

2,871

853

Accrued expenses

7,578

4,805

45,348

54,928

7.	RELATED PARTY DISCLOSURES

On 1st June 2014, a loan for the sum £70,000 was made to Mr F J Gomez.This loan is repayable on demand and

is subject to interest at the rate of 4% per annum. At the balance sheet date, the loan is outstanding.