REGISTERED NUMBER: 04755499 (England and Wales)

Financial Statements for the Year Ended 31 May 2017

for

Abbey Wedding Warehouse Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K M Gordon

SECRETARY:

B Williamson

REGISTERED OFFICE:

2B Commercial Road

Kirkstall

Leeds

LS5 3AQ

REGISTERED NUMBER:

04755499 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Oakford House

291 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NU

FIXED ASSETS

Tangible assets

4

1,050

1,235

CURRENT ASSETS

Stocks

31,000

30,000

Cash at bank

10,286

7,290

41,286

37,290

CREDITORS

Amounts falling due within one year

5

31,389

37,498

NET CURRENT ASSETS/(LIABILITIES)

9,897

(208

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,947

1,027

PROVISIONS FOR LIABILITIES

210

247

NET ASSETS

10,737

780

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10,735

778

SHAREHOLDERS' FUNDS

10,737

780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10 August 2017 and were signed by:

K M Gordon - Director

1.	STATUTORY INFORMATION

Abbey Wedding Warehouse 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 comprises the value of sales of goods provided in the normal course of business. Revenue is

recognised when the sale has been agreed.

Tangible fixed assets

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

Fixtures and fittings

-

15% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are

initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2016

and 31 May 2017

3,947

DEPRECIATION

At 1 June 2016

2,712

Charge for year

185

At 31 May 2017

2,897

NET BOOK VALUE

At 31 May 2017

1,050

At 31 May 2016

1,235

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Taxation and social security

6,211

4,432

Other creditors

25,178

33,066

31,389

37,498

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.17

31.5.16

£

£

Within one year

7,000

-

Between one and five years

-

13,250

7,000

13,250

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2017 and

31 May 2016:

31.5.17

31.5.16

£

£

K M Gordon

Balance outstanding at start of year

(31,873

)

(22,057

)

Amounts advanced

34,630

15,377

Amounts repaid

(26,735

)

(25,193

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(23,978

)

(31,873

)

The loan is repayable on demand.

8.	RELATED PARTY DISCLOSURES

9.	FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under Financial

Reporting Standard 102 section 1A (FRS 102 section 1A) issued by the Financial Reporting Council.

The following disclosures are required in the year of transition.

The last financial statements under previous UK GAAP were for the year ended 31 May 2016 and the

date of transition to FRS 102 Section 1A was therefore 1 June 2015. As a consequence of adopting

FRS 102 Section 1A no changes were required.