2016-04-01 04120020 2017-03-31 04120020 2016-04-01 2017-03-31 04120020 2016-03-31 04120020 2015-04-01 2016-03-31 04120020 uk-core:WithinOneYear 2016-03-31 04120020 uk-core:WithinOneYear 2017-03-31 04120020 uk-core:ShareCapital 2017-03-31 04120020 uk-core:ShareCapital 2016-03-31 04120020 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 04120020 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 04120020 uk-bus:Director1 2016-04-01 2017-03-31 04120020 uk-core:NetGoodwill 2016-04-01 2017-03-31 04120020 uk-core:PlantMachinery 2016-04-01 2017-03-31 04120020 uk-core:ToolsEquipment 2016-04-01 2017-03-31 04120020 uk-core:FurnitureFittings 2016-04-01 2017-03-31 04120020 uk-core:ToolsEquipment 2016-03-31 04120020 uk-core:FurnitureFittings 2016-03-31 04120020 uk-core:PlantMachinery 2016-03-31 04120020 uk-core:PlantMachinery 2017-03-31 04120020 uk-core:FurnitureFittings 2017-03-31 04120020 uk-core:ToolsEquipment 2017-03-31 iso4217:GBP 04120020 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 04120020 uk-bus:FRS102 2016-04-01 2017-03-31 04120020 uk-bus:FullAccounts 2016-04-01 2017-03-31 04120020 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Abram Management Services Limited
Registered Number:04120020
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Abram Management Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
Abram Management Services Limited
Statement of Financial Position
Registered Number :
04120020
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
869
768
2
869
768
Current assets
Trade and other receivables
4,268
1,195
3
4,213
Cash and cash equivalents
3,263
4,458
8,481
Trade and other payables: amounts falling due within one year
(19,909)
(27,510)
4
(11,428)
(23,052)
Net current liabilities
Total assets less current liabilities
(22,183)
(10,660)
(22,183)
Net liabilities
(10,660)
Capital and reserves
Called up share capital
502
502
Retained earnings
(22,685)
(11,162)
(22,183)
(10,660)
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr P A Yearsley Director
These financial statements were approved and authorised for issue by the Board on 13 October 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2017
Abram Management Services Limited
Notes to the Financial Statements
Statutory Information
Abram Management Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04120020.
Registered address:
354 Warrington Road
Abram
Wigan
Lancashire
WN2 5XA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
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
20% Reducing balance
33% Reducing balance
Computer equipment
15% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2017
Abram Management Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 April 2016
13,577
8,717
1,143
3,717
415
415
-
-
Additions
At 31 March 2017
3,717
1,143
9,132
13,992
Provision for depreciation and impairment
At 01 April 2016
12,809
8,413
841
3,555
Charge for year
314
237
45
32
At 31 March 2017
13,123
8,650
886
3,587
At 31 March 2017
Net book value
130
257
482
869
At 31 March 2016
162
302
304
768
3. Trade and other receivables
2016
2017
£
£
Trade debtors
1,020
4,250
Other debtors
175
18
4,268
1,195
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Other creditors
27,510
19,909
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