REGISTERED NUMBER: 05378074 (England and Wales)

Financial Statements for the Year Ended 28 February 2017

for

Abbey Rose Garden Workshop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M D James

REGISTERED OFFICE:

4 Somerset Way

Iver

Buckinghamshire

SL0 9AF

REGISTERED NUMBER:

05378074 (England and Wales)

ACCOUNTANTS:

Veracity Accountants Limited

4 Somerset Way

Iver

Buckinghamshire

SL0 9AF

FIXED ASSETS

Tangible assets

4

1,988

1,153

CURRENT ASSETS

Stocks

12,750

13,126

Debtors

5

38,131

56,569

Cash at bank and in hand

779

433

51,660

70,128

CREDITORS

Amounts falling due within one year

6

53,585

70,991

NET CURRENT LIABILITIES

(1,925

)

(863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63

290

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

61

288

SHAREHOLDERS' FUNDS

63

290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 9 November 2017 and were signed by:

M D James - Director

1.	STATUTORY INFORMATION

Abbey Rose Garden Workshop 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.

Plant and machinery etc

-

25% on 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.

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 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

11,561

Additions

1,499

At 28 February 2017

13,060

DEPRECIATION

At 1 March 2016

10,408

Charge for year

664

At 28 February 2017

11,072

NET BOOK VALUE

At 28 February 2017

1,988

At 29 February 2016

1,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

4,668

16,044

Other debtors

33,463

40,525

38,131

56,569

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

13,868

14,229

Trade creditors

32,125

48,949

Taxation and social security

5,537

4,774

Other creditors

2,055

3,039

53,585

70,991

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

2

Ordinary

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 March 2016

288

Profit for the year

4,523

Dividends

(4,750

)

At 28 February 2017

61

9.	RELATED PARTY DISCLOSURES

The company is controlled by M James, who owns 100% of the company's share capital.

Included within debtors is Mr James's directors current account balance of £23,842 (2016 : £31,606).