REGISTERED NUMBER: 02536812 (England and Wales)

ABBEY PYNFORD SERVICES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2016

Page

Company Information

1

Abridged Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

P Kiss

M Raqeeb

M S Johnson

SECRETARY:

P N Jones

REGISTERED OFFICE:

1st Floor

West Wing IMEX

Maxted Road

Hemel Hempstead

Hertfordshire

HP2 7DX

REGISTERED NUMBER:

02536812 (England and Wales)

AUDITORS:

Wags LLP t/a Wagstaffs

Chartered Accountants and Statutory Auditors

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

FIXED ASSETS

Tangible assets

5

108,715

104,392

CURRENT ASSETS

Debtors

446,687

859,000

Cash at bank and in hand

58,186

38,727

504,873

897,727

CREDITORS

Amounts falling due within one year

(360,844

)

(558,021

)

NET CURRENT ASSETS

144,029

339,706

TOTAL ASSETS LESS CURRENT LIABILITIES

252,744

444,098

CREDITORS

Amounts falling due after more than one year

(99,900

)

(99,900

)

NET ASSETS

152,844

344,198

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

152,744

344,098

SHAREHOLDERS' FUNDS

152,844

344,198

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 Statement of Financial Position for the year ended 30th November 2016 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 3rd August 2017 and were signed on its behalf by:

P Kiss - Director

1.	STATUTORY INFORMATION

Abbey Pynford 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.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not

to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 3,

management is required to make judgements estimates and assumptions about the carrying

value of assets and liabilities that are not readily apparent from other sources. The estimates and

underlying assumptions are based on historical experience and other factors that are considered

to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects

both current and future periods.

The Key sources of estimation uncertainty that have a significant effect on the amounts

recognised in the financial statements are described below.

- Useful Economic Life of Tangible Assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated

useful lives and residual values of the assets. The useful economic lives and residual values are

re-assessed annually. They are amended when necessary to reflect current estimates, based on

technological advancement, future investments, economic utilisation and physical condition of

the assets.

Turnover

Turnover represents the total invoice value, excluding value added tax, trade discounts and all

other taxes of sales made during the year.

Income recognition

Income is recognised when goods have been delivered and services supplied to customers such

that risks and rewards of ownership have transferred to them.

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 etc

-

25% on cost and 10% on 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.

Operating lease commitments

Rentals payable under operating leases are charged against income on a straight line basis over

the lease term.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, with changes recognised on the

income statement. Derivative financial instruments are initially recorded at cost and thereafter

at fair value with changes recognised on the income statement.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

5.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1st December 2015

719,383

Additions

44,326

Disposals

(10,500

)

At 30th November 2016

753,209

Depreciation

At 1st December 2015

614,991

Charge for year

40,003

Eliminated on disposal

(10,500

)

At 30th November 2016

644,494

Net book value

At 30th November 2016

108,715

At 30th November 2015

104,392

6.	LEASING AGREEMENTS

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

2016

2015

£

£

Within one year

46,345

69,550

Between one and five years

-

46,345

46,345

115,895

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nilesh Savjani (Senior Statutory Auditor)

for and on behalf of Wags LLP t/a Wagstaffs

9.	CONTINGENT LIABILITIES

Substantial insurance cover in respect of professional negligence claims is obtained from the

commercial market. Provisions are made for any claims that may become payable where the

company has knowledge of circumstance that may give rise to a claim and the facts indicate that

provision would be prudent. Provisions made are net of anticipated recoveries from insurers.

10.	IMMEDIATE PARENT UNDERTAKING

Abbey Pynford Holdings Limited, a company incorporated in England and Wales, is the parent and

the ultimate parent company and therefore controls the company. The registered address of the

parent company is First Floor, West Wing IMEX, Maxted Road, Hemel Hempstead, Hertfordshire,

HP2 7DX, from which copies of the consolidated group accounts can be obtained.

11.	TRANSITION TO FINANCIAL REPORTING STANDARD 102

This is the first year that the company has presented its results in accordance with the provisions

of Section 1A "Small Entities" of Financial Reporting Standard 102. The last financial statements

under the provisions of UK GAAP were for the year ended 30 November 2015. The date of the

transition to Section 1A "Small Entities" of Financial Reporting Standard 102 was 1 December

2014. There has been no effect on the financial statements arising from the transition from UK

GAAP as previously reported and Section 1A "Small Entities" of Financial Reporting Standard 102.