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ABC TRAINING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017






ABC TRAINING SERVICES LIMITED (REGISTERED NUMBER: 05964414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABC TRAINING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2017







DIRECTORS: C Dawson
Miss D L Dawson
D C Dawson
Mrs L M Dawson





REGISTERED OFFICE: Unit C2,
Rear of Anglesey Business Centre
Anglesey Road
Burton on Trent
DE14 3NT





REGISTERED NUMBER: 05964414 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

ABC TRAINING SERVICES LIMITED (REGISTERED NUMBER: 05964414)

BALANCE SHEET
31 OCTOBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,992 5,730

CURRENT ASSETS
Stocks 985 985
Debtors 5 12,443 14,043
Cash at bank 3,812 4,389
17,240 19,417
CREDITORS
Amounts falling due within one year 6 19,676 22,981
NET CURRENT LIABILITIES (2,436 ) (3,564 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,556 2,166

PROVISIONS FOR LIABILITIES 7 750 1,100
NET ASSETS 806 1,066

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 805 1,065
SHAREHOLDERS' FUNDS 806 1,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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.

ABC TRAINING SERVICES LIMITED (REGISTERED NUMBER: 05964414)

BALANCE SHEET - continued
31 OCTOBER 2017


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 18 January 2018 and were signed on its behalf
by:





C Dawson - Director


ABC TRAINING SERVICES LIMITED (REGISTERED NUMBER: 05964414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017


1. STATUTORY INFORMATION

ABC Training Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements for the year 31 October 2017 are the first financial statements that comply with FRS
102. The date of transition is 1 November 2015.

Turnover
Turnover represents the net sale of services and goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Computer equipment - 33% 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.

ABC TRAINING SERVICES LIMITED (REGISTERED NUMBER: 05964414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2017


2. ACCOUNTING POLICIES - continued

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 20 (2016 - 18 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2016
and 31 October 2017 4,058 11,602 2,738 18,398
DEPRECIATION
At 1 November 2016 3,037 7,789 1,842 12,668
Charge for year 255 1,259 224 1,738
At 31 October 2017 3,292 9,048 2,066 14,406
NET BOOK VALUE
At 31 October 2017 766 2,554 672 3,992
At 31 October 2016 1,021 3,813 896 5,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 10,087 13,075
Other debtors 2,356 968
12,443 14,043

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors - 1,410
Taxation and social security 13,984 15,846
Other creditors 5,692 5,725
19,676 22,981

7. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 750 1,100

ABC TRAINING SERVICES LIMITED (REGISTERED NUMBER: 05964414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2017


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2016 1,100
Provided during year (350 )
Balance at 31 October 2017 750

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1 Ordinary £1 1 1

9. FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102
and have not impacted on equity or profit and loss.