REGISTERED NUMBER: 05969678 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

ABCO Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

WA Batty

SECRETARY:

AJM Batty

REGISTERED OFFICE:

Second Floor

3 Field Court

Gray's Inn

LONDON

WC1R 5EF

REGISTERED NUMBER:

05969678 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

20 Imperial Square

CHELTENHAM

GL50 1QZ

FIXED ASSETS

Tangible assets

4

6,316

14,249

Investments

5

1,270,000

1,270,000

1,276,316

1,284,249

CURRENT ASSETS

Debtors

6

1,039,271

1,206,688

Cash at bank

83,003

440,992

1,122,274

1,647,680

CREDITORS

Amounts falling due within one year

7

2,148,558

128,590

NET CURRENT (LIABILITIES)/ASSETS

(1,026,284

)

1,519,090

TOTAL ASSETS LESS CURRENT LIABILITIES

250,032

2,803,339

CREDITORS

Amounts falling due after more than one year

8

(113,621

)

(113,621

)

PROVISIONS FOR LIABILITIES

(1,200

)

(2,850

)

NET ASSETS

135,211

2,686,868

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

135,210

2,686,867

SHAREHOLDERS' FUNDS

135,211

2,686,868

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 18 December 2017 and were signed by:

WA Batty - Director

1.	STATUTORY INFORMATION

ABCO Services 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 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.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

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

the statement of financial position 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.

Consolidated financial statements

The company is exempt from the requirement to prepare consolidated financial statements on the

grounds of its size. Hence, the financial statements present the results and position of the company

and not of its group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 .

4.	TANGIBLE FIXED ASSETS

Computer

equipmen

£

COST

At 1 April 2016

and 31 March 2017

49,816

DEPRECIATION

At 1 April 2016

35,567

Charge for year

7,933

At 31 March 2017

43,500

NET BOOK VALUE

At 31 March 2017

6,316

At 31 March 2016

14,249

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

1,025,000

245,000

1,270,000

NET BOOK VALUE

At 31 March 2017

1,025,000

245,000

1,270,000

At 31 March 2016

1,025,000

245,000

1,270,000

The company became a member of Antony Batty & Company LLP, a partnership incorporated in

England and Wales (company number OC326854), on 1 October 2009.

ABCO Services Limited acquired a 95% capital stake and is entitled to share 95% of the partnership's

profits after fixed share partners have been remunerated. The company's profit share for the year

ended 31 March 2017 was £20,129 (2016: £15,234). Total profits before members' remuneration for

the year were £227,157 (2016: £211,468). The amount due to the company at the balance sheet date

was £604,221 (2016: £584,092).

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

350

-

Other debtors

925,300

1,093,067

925,650

1,093,067

Amounts falling due after more than one year:

Other debtors

113,621

113,621

Aggregate amounts

1,039,271

1,206,688

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

2,907

19,686

Taxation and social security

81,468

94,418

Other creditors

2,064,183

14,486

2,148,558

128,590

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

113,621

113,621

9.	RELATED PARTY DISCLOSURES

10.	CONTROLLING PARTY

The company is controlled by the Antony Batty International Pension Plan.