ABC Cotswolds Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09916560 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

ABC Cotswolds Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

WA Batty

REGISTERED OFFICE:

Third Floor

3 Field Court

Gray's Inn

LONDON

WC1R 5EF

REGISTERED NUMBER:

09916560 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Chartered Accountants

Carrick House

Lypiatt Road

Cheltenham

GL50 2QJ

CURRENT ASSETS

Debtors

3

22,811

7,582

Cash at bank and in hand

232,652

2,517

255,463

10,099

CREDITORS

Amounts falling due within one year

4

243,054

8,063

NET CURRENT ASSETS

12,409

2,036

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,409

2,036

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

12,405

2,032

SHAREHOLDERS' FUNDS

12,409

2,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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.

In accordance with Section 444 of the Companies Act 2006, the Comprehensive Income has not been delivered.

The financial statements were approved by the director on 18 December 2018 and were signed by:

WA Batty - Director

1.	STATUTORY INFORMATION

ABC Cotswolds 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 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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Comprehensive Income,

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

-

4,582

Other debtors

22,811

3,000

22,811

7,582

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Taxation and social security

2,902

3,008

Other creditors

240,152

5,055

243,054

8,063

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the director .

Included in creditors: amounts due within one year is a director's loan account in the sum of £239,219 (2017:

£6), which has been provided by WA Batty. The account is unsecured and carries no fixed date of repayment.

Included in debtors: amounts due within one year is a loan due from Antony Batty & Company LLP in the sum

of £17,118 (2017: £4,116 creditor), an LLP of which WA Batty is a designated member. The loan is unsecured,

interest free and carries no fixed date of repayment.

Also included in debtors: amounts due within one year is a loan due from ABCO Services Limited in the sum of

£2,693 (2017: £nil), a company in which WA Batty is a Director. The loan is unsecured, interest free and carries

no fixed date of repayment.

During the period, the company provided services in the sum of £21,047 (2017: £nil) to Anthony Batty &

Company LLP, an LLP of which WA Batty is a designated member. All transactions were carried out on an

arm's length basis.

6.	CONTROLLING PARTY

The company is controlled by the director by virtue of his and close family members' shareholdings.

ABC Cotswolds Limited - Accounts to registrar (filleted) - small 18.2

ABC Cotswolds Limited - Accounts to registrar (filleted) - small 18.2