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REGISTERED NUMBER: 01318486 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

A B CARPETS LTD

A B CARPETS LTD (REGISTERED NUMBER: 01318486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

A B CARPETS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTORS: D Bushaway
J Bushaway





SECRETARY: D Bushaway





REGISTERED OFFICE: DS House
306 High Street
Croydon
Surrey
CR0 1NG





REGISTERED NUMBER: 01318486 (England and Wales)





ACCOUNTANTS: D S & Co. Ltd
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

A B CARPETS LTD (REGISTERED NUMBER: 01318486)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 663,770 678,520
Investments 4 8,596 5,097
672,366 683,617

CURRENT ASSETS
Debtors 5 7,239 4,481
Cash at bank 48,934 36,016
56,173 40,497
CREDITORS
Amounts falling due within one year 6 251,413 207,077
NET CURRENT LIABILITIES (195,240 ) (166,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,126

517,037

CAPITAL AND RESERVES
Called up share capital 6,100 6,100
Retained earnings 471,026 510,937
SHAREHOLDERS' FUNDS 477,126 517,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 6 March 2018 and were signed on its behalf by:




J Bushaway - Director


A B CARPETS LTD (REGISTERED NUMBER: 01318486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

1. STATUTORY INFORMATION

A B Carpets Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about A B Carpets Ltd as an individual company and do not contain
consolidated financial information as the parent of a group. The company has taken the option under Section 398
of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2016
and 30 June 2017 742,526
DEPRECIATION
At 1 July 2016 64,006
Charge for year 14,750
At 30 June 2017 78,756
NET BOOK VALUE
At 30 June 2017 663,770
At 30 June 2016 678,520

In the opinion of the directors, the market value of the freehold property at the balance sheet date was
£1,600,000.

4. FIXED ASSET INVESTMENTS

2017 2016
£    £   
Other investments not loans 8,596 5,097

A B CARPETS LTD (REGISTERED NUMBER: 01318486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
At 1 July 2016
and 30 June 2017 10,172
PROVISIONS
At 1 July 2016 5,175
Provision for year (3,499 )
At 30 June 2017 1,676
NET BOOK VALUE
At 30 June 2017 8,496
At 30 June 2016 4,997

Investments (neither listed nor unlisted) were as follows:
2017 2016
£    £   
Cost b/f 100 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 763 763
Other debtors 6,476 3,718
7,239 4,481

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 43 401
Taxation and social security 2,754 3,674
Other creditors 248,616 203,002
251,413 207,077

7. FIRST YEAR ADOPTION

Transitional relief
On transition to FRS 102, the company has taken advantage of the following transitional relief:

to measure investment in subsidiaries, associates and joint ventures at cost determined in accordance with
deemed cost;

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A B CARPETS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of A B Carpets Ltd for the year ended 30 June 2017 which comprise the Statement of Income and
Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and
from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A B Carpets Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A B Carpets Ltd and state those matters that we have agreed to state to the Board of Directors of A B Carpets Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A B Carpets Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A B Carpets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A B Carpets Ltd. You consider that A B Carpets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A B Carpets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D S & Co. Ltd
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG


6 March 2018