REGISTERED NUMBER: 04695999 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

ABBOT THERMOGRAPHIC PRINTING LIMITED

T/A

ABBOT PRINT

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

B J G Frost

SECRETARY:

L Frost

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

04695999 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Intangible assets

4

500

1,000

Tangible assets

5

28,070

31,674

28,570

32,674

CURRENT ASSETS

Stocks

6,500

6,500

Debtors

6

449,165

423,468

Cash in hand

116

-

455,781

429,968

CREDITORS

Amounts falling due within one year

7

251,779

236,285

NET CURRENT ASSETS

204,002

193,683

TOTAL ASSETS LESS CURRENT LIABILITIES

232,572

226,357

CREDITORS

Amounts falling due after more than one year

8

(18,727

)

(26,703

)

PROVISIONS FOR LIABILITIES

(3,862

)

(4,198

)

NET ASSETS

209,983

195,456

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

209,883

195,356

SHAREHOLDERS' FUNDS

209,983

195,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 1 November 2017 and were signed by:

B J G Frost - Director

1.	STATUTORY INFORMATION

Abbot Thermographic Printing 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.

The date of transition was 1 May 2015.

The directors have made an assessment and do not consider there to be any material uncertainties about the

company's ability to continue as a going concern. As a result they have adopted the going concern basis of

accounting.

Turnover

Turnover represents net sales of goods, excluding value added tax. Turnover is recognised when the goods are

despatched.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003. The useful life was

re-considered in 2014 and the goodwill is now being amortised over 5 years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

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.

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 10 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

13,500

AMORTISATION

At 1 May 2016

12,500

Charge for year

500

At 30 April 2017

13,000

NET BOOK VALUE

At 30 April 2017

500

At 30 April 2016

1,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

149,381

Additions

7,109

At 30 April 2017

156,490

DEPRECIATION

At 1 May 2016

117,707

Charge for year

10,713

At 30 April 2017

128,420

NET BOOK VALUE

At 30 April 2017

28,070

At 30 April 2016

31,674

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

23,655

DEPRECIATION

At 1 May 2016

8,538

Charge for year

3,779

At 30 April 2017

12,317

NET BOOK VALUE

At 30 April 2017

11,338

At 30 April 2016

15,117

6.

DEBTORS

30.4.17

30.4.16

£

£

Amounts falling due within one year:

Trade debtors

156,142

152,638

Other debtors

41,433

38,646

Directors' current accounts

218,244

204,672

Prepayments

6,514

832

422,333

396,788

Amounts falling due after more than one year:

Abbot Print Tenterden Limited

26,832

26,680

Aggregate amounts

449,165

423,468

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

156,905

129,505

Hire purchase contracts

5,450

4,837

Trade creditors

67,249

17,496

Tax

191

44,235

Social security and other taxes

3,592

2,689

Pension

291

-

VAT

13,853

26,274

Other creditors

500

500

Accrued expenses

3,748

10,749

251,779

236,285

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans - 1-2 years

7,295

5,165

Bank loans - 2-5 years

2,485

7,141

Hire purchase contracts

8,947

14,397

18,727

26,703

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

£

Bank loans

16,833

16,984

There is a debenture over all assets of the company.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

30.4.17

30.4.16

£

£

B J G Frost

Balance outstanding at start of year

204,672

173,031

Amounts advanced

79,039

54,678

Amounts repaid

(65,466

)

(23,037

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

218,245

204,672

At the start of the year

204,672

204,672

Repaid

204,672

(40.000

)

164,672

Advanced

164,672

64,760

229,432

Private expenses

229,432

14,279

243,711

Company expenses

243,711

(25,466

)

218,245

At the start of the year the director Mr B Frost owed the company £204,672. During the year, Mr B Frost repaid

£40,000 and paid for company expenses of £25,466. The company paid for private expenses totalling £79,039. At

the year end the director owed the company £218,245.

An amount of £45,000 was repaid within 9 months of the year end.

The loan is interest free and payable on demand. Amounts have been aggregated where considered appropriate

and there were no material transactions.

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director 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 Abbot Thermographic Printing Limited for the year ended 30 April 2017 which comprise the

Income Statement, Balance Sheet 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 director of Abbot Thermographic Printing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abbot Thermographic Printing Limited and state those matters that we have agreed to state to the director of Abbot Thermographic Printing Limited 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 Abbot Thermographic Printing Limited director for our work or for this report.

It is your duty to ensure that Abbot Thermographic Printing Limited 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 Abbot Thermographic Printing Limited. You consider that Abbot Thermographic Printing Limited 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 Abbot Thermographic Printing Limited. 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

1 November 2017