REGISTERED NUMBER: 02611733 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

A B CRUSH (PANELCRAFT) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A B Crush

Mrs W Crush

N A Crush

Mrs J C Crush

SECRETARY:

Mrs W Crush

REGISTERED OFFICE:

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

REGISTERED NUMBER:

02611733 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

2

323,918

356,138

CURRENT ASSETS

Stocks

31,313

26,669

Debtors

273,933

306,687

Investments

113,165

111,534

Cash at bank and in hand

387,790

432,456

806,201

877,346

CREDITORS

Amounts falling due within one year

286,894

325,078

NET CURRENT ASSETS

519,307

552,268

TOTAL ASSETS LESS CURRENT LIABILITIES

843,225

908,406

PROVISIONS FOR LIABILITIES

21,936

25,306

NET ASSETS

821,289

883,100

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

821,189

883,000

SHAREHOLDERS' FUNDS

821,289

883,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 July 2014 and were signed on its behalf by:

A B Crush - Director

Mrs W Crush - Director

1.	ACCOUNTING POLICIES

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 goods and 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.

Buildings

-

2% on cost

Plant and machinery

-

15% 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.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

883,300

Disposals

(18,019

)

At 31 October 2013

865,281

DEPRECIATION

At 1 November 2012

527,162

Charge for year

32,154

Eliminated on disposal

(17,953

)

At 31 October 2013

541,363

NET BOOK VALUE

At 31 October 2013

323,918

At 31 October 2012

356,138

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100