Abbey Building (SW) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08961117 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Abbey Building (SW) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L S Chichester

Mrs L Chichester

REGISTERED OFFICE:

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

REGISTERED NUMBER:

08961117 (England and Wales)

ACCOUNTANTS:

Copson Grandfield

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

FIXED ASSETS

Tangible assets

4

2,650

3,535

CURRENT ASSETS

Stocks

45,520

49,515

Debtors

5

21,883

19,517

67,403

69,032

CREDITORS

Amounts falling due within one year

6

60,505

53,776

NET CURRENT ASSETS

6,898

15,256

TOTAL ASSETS LESS CURRENT LIABILITIES

9,548

18,791

PROVISIONS FOR LIABILITIES

7

165

259

NET ASSETS

9,383

18,532

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,283

18,432

SHAREHOLDERS' FUNDS

9,383

18,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 18 December 2019 and were signed on its behalf by:

L S Chichester - Director

1.	STATUTORY INFORMATION

Abbey Building (SW) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

2,700

6,780

805

10,285

DEPRECIATION

At 1 April 2018

1,846

4,381

523

6,750

Charge for year

214

600

71

885

At 31 March 2019

2,060

4,981

594

7,635

NET BOOK VALUE

At 31 March 2019

640

1,799

211

2,650

At 31 March 2018

854

2,399

282

3,535

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

21,883

19,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

3,725

1,918

Trade creditors

9,066

9,128

Taxation and social security

26,623

21,201

Other creditors

21,091

21,529

60,505

53,776

7.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

Accelerated capital allowances

165

259

Deferred

tax

£

Balance at 1 April 2018

259

Utilised during year

(94

)

Balance at 31 March 2019

165