Abbey Dry Cleaners Limited

Abbey Dry Cleaners Limited
Contents Page
For the year ended 30 June 2017

Accountants' Report
Statement of Financial Position
Notes to the Financial Statements

Abbey Dry Cleaners Limited Accountants' Report For the year ended 30 June 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. .................................................... R & P Accounting Services Limited Spencer House 114 High Street Wordsley, Stourbridge DY8 5QR 26 March 2018 1

Abbey Dry Cleaners Limited
Accountants' Report
For the year ended 30 June 2017

As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

....................................................
R & P Accounting Services Limited
Spencer House
114 High Street
Wordsley, Stourbridge
DY8 5QR
26 March 2018

1

Abbey Dry Cleaners Limited
Statement of Financial Position
As at 30 June 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible fixed assets	2	154	205
		154	205
Current assets
Stocks		280	230
Cash at bank and in hand		5,227	6,584
		5,507	6,814
Creditors: amount falling due within one year		(9,441)	(8,991)
Net current assets		(3,934)	(2,177)

Total assets less current liabilities		(3,780)	(1,972)
Net assets		(3,780)	(1,972)

Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(3,880)	(2,072)
Shareholders funds		(3,780)	(1,972)

For the year ended 30 June 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 members have agreed to the preparation of abridged accounts.

Signed on behalf of the board of directors

--------------------------------
Barrie Mills-Taylor
Director

Date approved by the board: 26 March 2018

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Abbey Dry Cleaners Limited
Notes to the Abridged Financial Statements
For the year ended 30 June 2017

Statutory Information

Abbey Dry Cleaners Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 01493211.

The presentation currency is £ sterling.

1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Turnover

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

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Total
	£	£
At 01 July 2016	34,942	34,942
Additions	-	-
Disposals	-	-
At 30 June 2017	34,942	34,942
Depreciation
At 01 July 2016	34,737	34,737
Charge for year	51	51
On disposals	-	-
At 30 June 2017	34,788	34,788
Net book values
Closing balance as at 30 June 2017	154	154
Opening balance as at 01 July 2016	205	205

3.

Share Capital

Allotted	2017 £		2016 £
100 Class A shares of £1.00 each	100		100
	100		100

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