Abtech A.V.S.S. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04694328

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Abtech A.V.S.S. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. R G Armstrong

Mr. M T Bennell

SECRETARY:

Mr. R G Armstrong

REGISTERED OFFICE:

Unit 2 Newmans

Hounsdown Business Park

Totton

Southampton

Hampshire

SO40 9LX

REGISTERED NUMBER:

04694328

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Intangible assets

4

2,641

Tangible assets

5

20,515

23,028

23,156

25,669

CURRENT ASSETS

Stocks

6

2,831

2,000

Debtors

7

24,530

14,367

Cash at bank

45,381

42,091

72,742

58,458

CREDITORS

Amounts falling due within one year

8

72,363

64,983

NET CURRENT ASSETS/(LIABILITIES)

379

(6,525

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,535

19,144

PROVISIONS FOR LIABILITIES

4,103

4,426

NET ASSETS

19,432

14,718

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

10

19,430

14,716

SHAREHOLDERS' FUNDS

19,432

14,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 29 March 2018 and were signed on its
behalf by:

Mr. M T Bennell - Director

Mr. R G Armstrong - Director

1.	STATUTORY INFORMATION

Abtech A.V.S.S. Limited is a private company, limited by shares , registered in Not specified/Other.

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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Legal fees are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	INTANGIBLE FIXED ASSETS

Legal

fees

£

COST

At 1 July 2016

and 30 June 2017

2,641

NET BOOK VALUE

At 30 June 2017

2,641

At 30 June 2016

2,641

5.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

COST

At 1 July 2016

and 30 June 2017

12,977

58,064

71,041

DEPRECIATION

At 1 July 2016

-

48,013

Charge for year

-

2,513

At 30 June 2017

-

50,526

NET BOOK VALUE

At 30 June 2017

12,977

7,538

20,515

At 30 June 2016

12,977

10,051

23,028

Included within the net book value of £7,538 is £2,110 (2016 - £7,220) relating to assets held under

hire purchase agreements. The depreciation charged to the financial statements in the year in respect

of such assets amounted to £703 (2016 - £2,406).

6.

STOCKS

30.6.17

30.6.16

£

Stocks

1,750

1,500

Work-in-progress

1,081

500

2,831

2,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Trade debtors

14,904

6,712

Rent deposit

8,000

7,379

Prepayments and accrued income

1,626

276

24,530

14,367

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Finance leases

-

1,393

Trade creditors

19,842

15,275

Corporation tax

26,600

22,163

Social security and other taxes

1,574

1,603

VAT

19,967

20,249

Other creditors

258

192

Directors' current accounts

1,942

1,469

Accrued expenses

2,180

2,639

72,363

64,983

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

2

Ordinary

1

2

10.

RESERVES

Retained

earnings

£

At 1 July 2016

14,716

Profit for the year

106,574

Dividends

(101,860

)

At 30 June 2017

19,430

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2017 and

30 June 2016:

30.6.17

30.6.16

£

Mr. R G Armstrong

Balance outstanding at start of year

1,080

784

Amounts advanced

3,500

2,739

Amounts repaid

(3,181

)

(2,443

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,399

1,080

Mr. M T Bennell

Balance outstanding at start of year

390

263

Amounts advanced

3,500

2,739

Amounts repaid

(3,346

)

(2,612

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

544

390

12.	RELATED PARTY DISCLOSURES

The company was under the control of Mr R G Armstrong and Mr M T Bennell throughout the

current period and previous year. Mr R G Armstrong and Mr M T Bennell are the managing directors

and majority shareholders.

No transactions with related parties were undertaken such as are required to be disclosed under

Section 1a (Small Entities) for Financial Reporting Standard 102.