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REGISTERED NUMBER: SC261696 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2016

for

ABMAS Engineering Limited

ABMAS Engineering Limited (Registered number: SC261696)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABMAS Engineering Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: P Mason
Mrs J Mason





SECRETARY: Mrs J Mason





REGISTERED OFFICE: Stephen House
1 Morrison Way
Craigearn Business Park
Kintore
Aberdeenshire
AB51 0TH





REGISTERED NUMBER: SC261696 (Scotland)





ACCOUNTANTS: SBP
Accountants
49 Carden Place
Aberdeen
AB10 1UN

ABMAS Engineering Limited (Registered number: SC261696)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 744,269 731,484
Investments 5 723 723
744,992 732,207

CURRENT ASSETS
Stocks 2,055 1,957
Debtors 6 30,727 136,024
Cash at bank and in hand 615,074 672,238
647,856 810,219
CREDITORS
Amounts falling due within one year 7 64,503 80,351
NET CURRENT ASSETS 583,353 729,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,328,345

1,462,075

CREDITORS
Amounts falling due after more than one
year

8

205,362

238,235
NET ASSETS 1,122,983 1,223,840

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,121,983 1,222,840
SHAREHOLDERS' FUNDS 1,122,983 1,223,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ABMAS Engineering Limited (Registered number: SC261696)

Balance Sheet - continued
31 December 2016


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 Board of Directors on 28 September 2017 and were signed on its behalf
by:





Mrs J Mason - Director


ABMAS Engineering Limited (Registered number: SC261696)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

ABMAS Engineering Limited is a private company, limited by shares , registered in Scotland. 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 - 20% on cost
Motor vehicles - 25% on reducing balance
Office Fittings & Equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2015 - 5 ) .

ABMAS Engineering Limited (Registered number: SC261696)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Office
Freehold Plant and Motor Fittings
property machinery vehicles & Equipment Totals
£    £    £    £    £   
COST
At 1 January 2016 675,560 42,367 109,705 75,015 902,647
Additions - - 62,409 1,197 63,606
Disposals - - (62,103 ) - (62,103 )
At 31 December 2016 675,560 42,367 110,011 76,212 904,150
DEPRECIATION
At 1 January 2016 - 34,170 67,193 69,800 171,163
Charge for year - 3,708 20,549 3,839 28,096
Eliminated on disposal - - (39,378 ) - (39,378 )
At 31 December 2016 - 37,878 48,364 73,639 159,881
NET BOOK VALUE
At 31 December 2016 675,560 4,489 61,647 2,573 744,269
At 31 December 2015 675,560 8,197 42,512 5,215 731,484

5. FIXED ASSET INVESTMENTS

The investments are 4 personalised registration numbers purchased via DVLA and are either on company
vehicles or on a retention certificate and are stated at acquisition costs, which directors believe to equate to
market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 5,243 80,950
Other debtors 25,484 55,074
30,727 136,024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts 31,845 31,845
Trade creditors 9,248 39,363
Taxation and social security 17,131 4,420
Other creditors 6,279 4,723
64,503 80,351

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Bank loans 205,362 238,235

ABMAS Engineering Limited (Registered number: SC261696)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Bank loans 237,207 270,080

The bank loan is secured by a floating charge over the company assets and there are also personal guarantees
from the directors of £60,000.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and
31 December 2015:

31.12.16 31.12.15
£    £   
R Mason and Mrs J Mason
Balance outstanding at start of year - -
Amounts advanced 8,741 -
Amounts repaid (13,298 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,557 ) -