ABCO Services Limited - Accounts to registrar (filleted) - small 17.3
ABCO Services Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2017 |
for |
ABCO Services Limited |
ABCO Services Limited (Registered number: 05969678) |
Contents of the Financial Statements |
for the year ended 31 March 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ABCO Services Limited |
Company Information |
for the year ended 31 March 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
20 Imperial Square |
CHELTENHAM |
GL50 1QZ |
ABCO Services Limited (Registered number: 05969678) |
Statement of Financial Position |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
ABCO Services Limited (Registered number: 05969678) |
Statement of Financial Position - continued |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
ABCO Services Limited (Registered number: 05969678) |
Notes to the Financial Statements |
for the year ended 31 March 2017 |
1. | STATUTORY INFORMATION |
ABCO Services Limited is a |
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 |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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. |
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. |
ABCO Services Limited (Registered number: 05969678) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
2. | ACCOUNTING POLICIES - continued |
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. |
Consolidated financial statements |
The company is exempt from the requirement to prepare consolidated financial statements on the |
grounds of its size. Hence, the financial statements present the results and position of the company |
and not of its group. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipmen |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
and 31 March 2017 | 1,270,000 |
NET BOOK VALUE |
At 31 March 2017 | 1,270,000 |
At 31 March 2016 | 1,270,000 |
ABCO Services Limited (Registered number: 05969678) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
5. | FIXED ASSET INVESTMENTS - continued |
The company became a member of Antony Batty & Company LLP, a partnership incorporated in |
England and Wales (company number OC326854), on 1 October 2009. |
ABCO Services Limited acquired a 95% capital stake and is entitled to share 95% of the partnership's |
profits after fixed share partners have been remunerated. The company's profit share for the year |
ended 31 March 2017 was £20,129 (2016: £15,234). Total profits before members' remuneration for |
the year were £227,157 (2016: £211,468). The amount due to the company at the balance sheet date |
was £604,221 (2016: £584,092). |
6. | DEBTORS |
2017 | 2016 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
ABCO Services Limited (Registered number: 05969678) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
9. | RELATED PARTY DISCLOSURES |
Included within creditors: amounts falling due within one year is a director's loan account in the sum |
of £1,784 (2016: £7,336). The loan is unsecured, interest free and carried no fixed date of repayment. |
During the year, the company charged Antony Batty & Company LLP, a partnership controlled by the |
company and in which it has a participating interest, for the provision of staff, management, rent and |
premises expenses in the sum of £1,221,225 (2016: £1,238,977). |
The amount owed from Antony Batty & Company LLP at 31 March 2017 is £147,695 (2016: |
£398,830) and is included within other debtors. |
In the opinion of the director, all transactions were carried out on an arm's length basis. |
10. | CONTROLLING PARTY |
The company is controlled by the Antony Batty International Pension Plan. |