REGISTERED NUMBER: 02701248 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

A.B. CONSULTING SERVICES LIMITED

Page

Company Information

1

Report of the Directors

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

11

DIRECTORS:

Mr A W Burrows

Mr J D Burrows

SECRETARY:

Mr J D Burrows

REGISTERED OFFICE:

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

REGISTERED NUMBER:

02701248 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

The directors present their report with the financial statements of the company for the year ended

31 March 2014.

CESSATION OF TRADING

The company ceased trading on 31 March 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of computer consultancy.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2013 to the date of

this report.

Mr A W Burrows

Mr J D Burrows

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr A W Burrows - Director

2 September 2014

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. Consulting Services Limited for the year ended 31 March 2014

which comprise the Profit and Loss Account, the 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 at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of A.b. Consulting Services Limited, 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. Consulting Services Limited and state those matters that we have

agreed to state to the Board of Directors of A.b. Consulting Services Limited, as a body, in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a

body, for our work or for this report.

It is your duty to ensure that A.b. Consulting Services 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 A.b. Consulting Services Limited. You consider that A.b. Consulting Services

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 A.b. Consulting

Services 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.

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

2 September 2014

TURNOVER

2

24,773

27,562

Administrative expenses

21,840

34,137

OPERATING PROFIT/(LOSS)

3

2,933

(6,575

)

Interest receivable and similar income

42

41

PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION

2,975

(6,534

)

Tax on profit/(loss) on ordinary activities

4

609

(1,097

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

2,366

(5,437

)

FIXED ASSETS

Tangible assets

6

-

2,800

CURRENT ASSETS

Debtors

7

4,119

3,578

Cash at bank

17,344

26,148

21,463

29,726

CREDITORS

Amounts falling due within one year

8

5,173

4,409

NET CURRENT ASSETS

16,290

25,317

TOTAL ASSETS LESS CURRENT LIABILITIES

16,290

28,117

PROVISIONS FOR LIABILITIES

9

-

193

NET ASSETS

16,290

27,924

CAPITAL AND RESERVES

Called up share capital

10

100

100

Profit and loss account

11

16,190

27,824

SHAREHOLDERS' FUNDS

16,290

27,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 2 September 2014 and were signed on its behalf by:

Mr A W Burrows - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company ceased to trade on 31 March 2014. The Directors plan to have the company struck off

shortly.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and machinery - 25% Reducing Balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated, but not reversed

at the balance sheet date.

Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity

instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

2.

TURNOVER

The turnover and profit (2013 - loss) before taxation are attributable to the one principal activity of

the company.

An analysis of turnover by geographical market is given below:

2014

2013

UK

100.00%

39.90%

Overseas

0.00%

60.10%

100.00%

100.00%

3.	OPERATING PROFIT/(LOSS)

The operating profit (2013 - operating loss) is stated after charging:

2014

2013

£

£

Depreciation - owned assets

700

962

Loss on disposal of fixed assets

2,100

86

Foreign exchange differences

-

941

Directors' remuneration

7,696

18,000

4.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit on ordinary activities for the year was as follows:

2014

2013

£

£

Current tax:

UK corporation tax

802

(1,258

)

Deferred tax

(193

)

161

Tax on profit/(loss) on ordinary activities

609

(1,097

)

5.

DIVIDENDS

2014

2013

£

£

Ordinary shares of £1 each

Interim

14,000

20,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2013

11,717

Disposals

(11,717

)

At 31 March 2014

-

DEPRECIATION

At 1 April 2013

8,917

Charge for year

700

Eliminated on disposal

(9,617

)

At 31 March 2014

-

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

2,800

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Other debtors

1,258

1,258

Directors' current accounts

-

384

Prepayments and accrued income

2,861

1,936

4,119

3,578

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Corporation tax

802

-

Social security and other taxes

384

1,520

VAT

1,305

389

Directors' current accounts

128

-

Accruals and deferred income

2,554

2,500

5,173

4,409

9.	PROVISIONS FOR LIABILITIES

2014

2013

£

£

Deferred tax

-

193

Deferred

tax

£

Balance at 1 April 2013

193

Cessation of trading

(193

)

Balance at 31 March 2014

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Profit

and loss

account

£

At 1 April 2013

27,824

Profit for the year

2,366

Dividends

(14,000

)

At 31 March 2014

16,190

12.	RELATED PARTY DISCLOSURES

The company was controlled throughout the current year and previous year by one of its directors,

Mr A W Burrows, by virtue of the fact that he owns 99% of the issued share capital of the company.

Included in turnover were sales of £24,773 (2013: £10,772) made to Pro-Veg Seeds Ltd, a company

in which both Mr A W Burrows and Mr J D Burrows are directors and shareholders. As at 31 March

2014 there was a balance of £Nil (2013: £Nil) owed from Pro-Veg Seeds Ltd.

As at 31 March 2014 there was a balance of £128 (2013: £384 owed from Mr A W Burrows) owed to

Mr A W Burrows in respect of his director's current account.

Dividends were paid totalling £14,000 (2013: £20,000) to Mr A W Burrows.