REGISTERED NUMBER: 04722329 (England and Wales)

Abc Diesels Limited

Unaudited Financial Statements

for the Year Ended

30 April 2017

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

R J Blyth

S A Carter

SECRETARY:

R J Blyth

REGISTERED OFFICE:

Unit 23

Bells Marsh Road

Gorleston

Great Yarmouth

Norfolk

NR31 6PT

REGISTERED NUMBER:

04722329 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

170 High Street

Gorleston

Great Yarmouth

Norfolk

NR31 6RG

FIXED ASSETS

Tangible assets

5

153,863

131,659

CURRENT ASSETS

Stocks

157,713

88,350

Debtors

346,007

125,708

Cash at bank and in hand

200,850

155,705

704,570

369,763

CREDITORS

Amounts falling due within one year

(332,265

)

(196,285

)

NET CURRENT ASSETS

372,305

173,478

TOTAL ASSETS LESS CURRENT LIABILITIES

526,168

305,137

CREDITORS

Amounts falling due after more than one year

6

(19,474

)

(24,061

)

PROVISIONS FOR LIABILITIES

(10,735

)

(6,738

)

NET ASSETS

495,959

274,338

CAPITAL AND RESERVES

Called up share capital

7

6

6

Retained earnings

495,953

274,332

SHAREHOLDERS' FUNDS

495,959

274,338

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 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 January 2018 and were signed on its behalf by:

R J Blyth - Director

S A Carter - Director

1.	STATUTORY INFORMATION

Abc Diesels 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost of buildings

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

190,038

Additions

41,584

Disposals

(6,438

)

At 30 April 2017

225,184

DEPRECIATION

At 1 May 2016

58,379

Charge for year

15,759

Eliminated on disposal

(2,817

)

At 30 April 2017

71,321

NET BOOK VALUE

At 30 April 2017

153,863

At 30 April 2016

131,659

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

£

Repayable by instalments

Bank loans more 5 yr by instal

2,140

5,728

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

4

Ordinary A

£1

4

4

2

Ordinary B

£1

2

2

6

6

8.	RELATED PARTY DISCLOSURES

R J Blyth

Director & shareholder

At the end of the year, the company owed the director £34,478 (2016 - £9,558).

S A Carter

Director & shareholder

At the end of the year, the company owed the director £36,030 (2016 - £11,938).

The loans are provided on an interest free basis.

9.	POST BALANCE SHEET EVENTS

On 4 May 2017 the company completed the purchase of Unit 8, Blackfriars Court, Beacon Park, Gorleston,

Great Yarmouth, NR31 7RQ for £245,000. Included within prepayments is £129,983 in respect of this

purchase.