REGISTERED NUMBER: 01583708 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Abtek (Biologicals) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Turner

Mr S C Turner

SECRETARY:

Mrs J M Turner

REGISTERED OFFICE:

145 Edge Lane

Liverpool

Merseyside

L7 2PG

REGISTERED NUMBER:

01583708 (England and Wales)

ACCOUNTANTS:

Wilson Henry LLP

Chartered Accountants

145 Edge Lane

Liverpool

L7 2PF

FIXED ASSETS

Intangible assets

4

18,000

-

Tangible assets

5

52,753

58,463

70,753

58,463

CURRENT ASSETS

Stocks

71,127

93,783

Debtors

98,016

144,865

Prepayments and accrued income

5,334

10,232

Cash at bank

27,845

10,024

202,322

258,904

CREDITORS

Amounts falling due within one year

87,077

135,719

NET CURRENT ASSETS

115,245

123,185

TOTAL ASSETS LESS CURRENT LIABILITIES

185,998

181,648

CREDITORS

Amounts falling due after more than one year

(28,053

)

(37,381

)

PROVISIONS FOR LIABILITIES

(13,040

)

(11,056

)

ACCRUALS AND DEFERRED INCOME

(21,678

)

(4,650

)

NET ASSETS

123,227

128,561

CAPITAL AND RESERVES

Called up share capital

3,750

3,750

Other reserves - equity

6

10,024

10,024

Retained earnings

109,453

114,787

SHAREHOLDERS' FUNDS

123,227

128,561

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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 March 2018 and were signed on its behalf by:

Mr R Turner - Director

1.	STATUTORY INFORMATION

Abtek (Biologicals) 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Amortisation begins when the intangible asset is available for use in the manner intended by

management.

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

-

10% on cost

Fixtures and fittings

-

10% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

18,000

At 30 June 2017

18,000

NET BOOK VALUE

At 30 June 2017

18,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

204,707

Additions

3,635

At 30 June 2017

208,342

DEPRECIATION

At 1 July 2016

146,244

Charge for year

9,345

At 30 June 2017

155,589

NET BOOK VALUE

At 30 June 2017

52,753

At 30 June 2016

58,463

6.

RESERVES

Other

reserves

- equity

£

At 1 July 2016

and 30 June 2017

10,024

7.	TRANSACTIONS WITH DIRECTORS.

The Company received interest-free loans during the year. Transactions with directors subsisted

during the years ended 30 June 2017 and 30 June 2016:

2017

2016

£

£

Mr R Turner

Balance outstanding at start of year

735

1,600

Amounts repaid

(40

)

(865

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

695

735

Mr S C Turner

Balance outstanding at start of year

1,993

5,000

Amounts repaid

(1,993

)

(3,007

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,993