| ABC Incorporation Limited |
| Registered Number:05945771 |
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2017
ABC Incorporation Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
ABC Incorporation Limited
Statement of Financial Position
2016
2017
| Property, plant and equipment |
7,884
11,839
2
1,225,719
1,215,681
3
1,223,565
1,237,558
| Trade and other receivables |
1,693,269
1,700,293
4
77,637
| Cash and cash equivalents |
131,233
1,831,526
1,770,906
| Trade and other payables: amounts falling due within one |
| year |
(703,258)
(757,777)
5
1,067,648
1,073,749
Net current assets
| Total assets less current liabilities |
2,297,314
2,305,206
(1,325)
(2,065)
| Provisions for liabilities |
2,295,989
Net assets
2,303,141
1,000
1,000
2,294,989
2,302,141
2,295,989
2,303,141
Shareholders' funds
| For the year ended 31 December 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 December 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his 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. |
| 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 applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 25 September 2018 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2017
ABC Incorporation Limited
Statement of Changes in Equity
Share Capital
Total
| Balance at 01 January 2016 |
1,000
1,711,494
1,712,494
-
590,647
590,647
Profit for the period
| Balance at 31 December 2016 and 01 January |
| 2017 |
2,303,141
2,302,141
1,000
-
(7,152)
(7,152)
Loss for the year
| Balance at 31 December 2017 |
1,000
2,294,989
2,295,989
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For the year ended 31 December 2017
ABC Incorporation Limited
Notes to the Financial Statements
Statutory Information
| ABC Incorporation Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 05945771. |
York House
Smisby Road
Ashby de la Zouch
Leicestershire
LE65 2UG
| 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. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years. |
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: |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2017
ABC Incorporation Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
57,652
295
57,947
| Provision for depreciation and impairment |
45,813
Charge for year
4,250
50,063
7,884
11,839
| 3. Investments held as fixed assets |
| Shares in group and participating interests |
1,225,719
1,225,719
33,595
33,595
(43,633)
(43,633)
1,215,681
1,215,681
1,215,681
1,215,681
1,225,719
1,225,719
| 4. Trade and other receivables |
2016
2017
116,469
176,592
| Amounts owed by group undertakings and participating interests |
256,423
245,116
1,327,401
1,271,561
1,693,269
1,700,293
4 of 5
For the year ended 31 December 2017
ABC Incorporation Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2016
2017
92,369
82,541
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
250,167
271,174
| Taxation and social security |
91,579
195,096
323,662
154,447
757,777
703,258
| 6. Directors advances and guarantees |
Repaid
Paul Butler
Interest free loan
-
380,000
380,000
-
380,000
380,000
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