ABBEY MANAGEMENT SYSTEMS LTD

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 3728541

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		7,291		5,425

			7,291		5,425
CURRENT ASSETS
Debtors	7	3,597		14,438
Cash at bank and in hand		5,423		16,557

		9,020		30,995
Creditors: Amounts Falling Due Within One Year	8	(42,514 )		(28,024 )

NET CURRENT ASSETS (LIABILITIES)			(33,494 )		2,971

TOTAL ASSETS LESS CURRENT LIABILITIES			(26,203 )		8,396

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(695 )		(695 )

NET ASSETS			(26,898 )		7,701

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and loss account			(26,998 )		7,601

SHAREHOLDERS' FUNDS			(26,898)		7,701

Page 1

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr GREG SIMPSON

29/11/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	100	27,113	27,213
Loss for the year and total comprehensive income	-	(1,512 )	(1,512)

Dividends paid	-	(18,000)	(18,000)

As at 31 March 2016 and 1 April 2016	100	7,601	7,701


Loss for the year and total comprehensive income	-	(34,599 )	(34,599)

As at 31 March 2017	100	(26,998 )	(26,898)

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing Balance Basis
Computer Equipment	25% Reducing Balance Basis

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

6. Tangible Assets


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2016	1,707	28,649	30,356
Additions	3,931	366	4,297

As at 31 March 2017	5,638	29,015	34,653

Depreciation
As at 1 April 2016	1,554	23,377	24,931
Provided during the period	1,021	1,410	2,431

As at 31 March 2017	2,575	24,787	27,362

Net Book Value
As at 31 March 2017	3,063	4,228	7,291

As at 1 April 2016	153	5,272	5,425

Page 4

ABBEY MANAGEMENT SYSTEMS LTD

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

7. Debtors

	2017	2016
	£	£
Due within one year
VAT	3,597	14,438

	3,597	14,438

8. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Other taxes and social security	1,323	127
Accruals and deferred income	400	27,400
Director's loan account	40,791	497

	42,514	28,024

9. Deferred Taxation

	2017	2016
	£	£
As at 1 April 2016	695	695
Deferred taxation	-	-


Deferred tax	695	695

The provision for deferred taxation is made up of accelerated capital allowances

10. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

11. Transactions With and Loans to Directors

Dividends paid to directors

12. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	-	18,000

	-	18,000

Page 5

ABBEY MANAGEMENT SYSTEMS LTD

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

13. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

14. General Information

ABBEY MANAGEMENT SYSTEMS LTD Registered number 3728541 is a limited by shares company incorporated in England & Wales. The Registered Office is NEW ZEALAND HOUSE, 160-162 ABBEY FOREGATE, SHREWSBURY, SY2 6DA.