REGISTERED NUMBER: 06527091 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

ABIGLAZE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Bangs

SECRETARY:

Mrs S Bangs

REGISTERED OFFICE:

14 Barton Road

Wheathampstead

Hertfordshire

AL4 8QG

REGISTERED NUMBER:

06527091 (England and Wales)

ACCOUNTANTS:

ALI IBRAHIM ASSOCIATES

Chartered Certified Accountants

28 ROWAN CLOSE

ST ALBANS

Hertfordshire

AL4 0ST

FIXED ASSETS

Intangible assets

3

99,000

Tangible assets

4

97,054

196,054

CURRENT ASSETS

Stocks

12,764

Debtors

5

168,960

Cash at bank

62,863

244,587

CREDITORS

Amounts falling due within one year

6

164,465

NET CURRENT ASSETS

80,122

TOTAL ASSETS LESS CURRENT LIABILITIES

276,176

CREDITORS

Amounts falling due after more than one year

7

54,076

NET ASSETS

222,100

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

222,000

SHAREHOLDERS' FUNDS

222,100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 June 2017 and were signed by:

D J Bangs - Director

1.	STATUTORY INFORMATION

ABIGLAZE 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

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.

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

180,000

AMORTISATION

At 1 April 2016

72,000

Amortisation for year

9,000

At 31 March 2017

81,000

NET BOOK VALUE

At 31 March 2017

99,000

At 31 March 2016

108,000

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2016

15,839

149,921

165,760

Additions

624

27,900

28,524

At 31 March 2017

16,463

177,821

194,284

DEPRECIATION

At 1 April 2016

9,947

55,366

65,313

Charge for year

1,303

30,614

31,917

At 31 March 2017

11,250

85,980

97,230

NET BOOK VALUE

At 31 March 2017

5,213

91,841

97,054

At 31 March 2016

5,892

94,555

100,447

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

168,960

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

32,638

Trade creditors

42,482

Taxation and social security

61,290

Other creditors

28,055

164,465

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

54,076