| Abbeygate Ceramic Tiles Ltd |
| Registered Number:05506885 |
For the year ended 31 July 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2017
Abbeygate Ceramic Tiles Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Abbeygate Ceramic Tiles Ltd
Statement of Financial Position
2016
2017
| Property, plant and equipment |
62,862
71,755
2
62,862
71,755
29,619
34,827
3
| Trade and other receivables |
76,412
71,122
4
107,720
| Cash and cash equivalents |
123,162
229,111
213,751
| Trade and other payables: amounts falling due within one |
| year |
(130,396)
(134,768)
5
83,355
94,343
Net current assets
| Total assets less current liabilities |
157,205
155,110
157,205
Net assets
155,110
95,417
95,417
61,788
59,693
157,205
155,110
Shareholders' funds
| For the year ended 31 July 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| All the members have consented to the preparation of an Abridged Income Statement for the year ended 31 July 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| These financial statements were approved and authorised for issue by the Board on 19 April 2018 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 July 2017
Abbeygate Ceramic Tiles Ltd
Notes to the Financial Statements
Statutory Information
| Abbeygate Ceramic Tiles Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 05506885. |
14 Greyfriars Road
Bury St Edmunds
Suffolk
IP32 7DX
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 July 2017
Abbeygate Ceramic Tiles Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
139,844
39,176
92,076
8,592
14,138
-
6,465
7,673
-
(6,099)
-
(6,099)
16,265
92,442
39,176
147,883
| Provision for depreciation and impairment |
68,089
32,935
28,232
6,922
Charge for year
19,601
1,560
16,719
1,322
(2,669)
-
(2,669)
-
85,021
34,495
42,282
8,244
8,021
50,160
4,681
62,862
1,670
63,844
6,241
71,755
2016
2017
34,827
29,619
| 4. Trade and other receivables |
2016
2017
65,776
70,430
5,346
5,982
76,412
71,122
| 5. Trade and other payables: amounts falling due within one year |
2016
2017
74,541
66,853
| Taxation and social security |
30,172
30,156
30,055
33,387
134,768
130,396
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