A.B.C._(STAINLESS)_LIMITE

A.B.C. (STAINLESS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

15,523

21,078

Investments

15,525

21,080

Current assets

Stocks

290,517

88,855

Debtors

1,397,826

1,612,031

Cash at bank and in hand

250,216

363,749

1,938,559

2,064,635

Creditors: amounts falling due within one year

(216,685)

(322,779)

Net current assets

1,721,874

1,741,856

Total assets less current liabilities

1,737,399

1,762,936

Provisions for liabilities

(1,114)

1,737,399

1,761,822

Capital and reserves

Called up share capital

5,000

Profit and loss account

1,732,399

1,756,822

Shareholders' funds

1,737,399

1,761,822

A.B.C. (STAINLESS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 June 2017

M McAuliffe

Director

Company Registration No. 01483638

A.B.C. (STAINLESS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% per annum straight line

Fixtures, fittings & equipment

33% per annum straight line

Motor vehicles

33% per annum reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

A.B.C. (STAINLESS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 October 2015

526,770

526,772

Additions

5,517

At 30 September 2016

532,287

532,289

Depreciation

At 1 October 2015

505,692

Charge for the year

11,072

At 30 September 2016

516,764

Net book value

At 30 September 2016

15,523

15,525

At 30 September 2015

21,078

21,080

Debtors

Debtors include an amount of £1,073,529 (2015 - £1,073,529) which is due after more than one year.

Share capital

2016

2015

Allotted, called up and fully paid

5,000 Ordinary shares of £1 each

5,000