Abbeyway Contracts Limited - Limited company - abbreviated - 11.6

ABBEYWAY CONTRACTS LIMITED

Abbreviated Unaudited Accounts

For The Year Ended 30th June 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Leonard-Williams

SECRETARY:

T French

REGISTERED OFFICE:

46 Alexandra Street

Southend on Sea

Essex

SS1 1BJ

REGISTERED NUMBER:

03208857 (England and Wales)

FIXED ASSETS

Tangible assets

2

75,000

75,000

CURRENT ASSETS

Debtors

7,500

7,500

Cash at bank

883

883

8,383

8,383

CREDITORS

Amounts falling due within one year

(91,169

)

(91,169

)

NET CURRENT LIABILITIES

(82,786

)

(82,786

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,786

)

(7,786

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

22,278

22,278

Profit and loss account

(30,164

)

(30,164

)

SHAREHOLDERS' FUNDS

(7,786

)

(7,786

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30th March 2015 and were signed by:

Mr S Leonard-Williams - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

The company was dormant throughout the current year and previous year.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investment properties

In accordance with Statement of Standard Accounting Practice No. 19, certain of the company's properties are

held for long-term investment and are included in the balance sheet at their open market values. The surplus on

revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not

provided in respect of freehold investment properties. This policy represents a departure from statutory

accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that

this policy is necessary in order that the financial statements may give a true and fair view because current values

and changes in current values are of prime importance rather than the calculation of systematic annual

depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might

otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

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

Going concern

The company relies on the continued financial support of the director. The director confirms that the financial

statements have been prepared on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st July 2013

and 30th June 2014

75,000

NET BOOK VALUE

At 30th June 2014

75,000

At 30th June 2013

75,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

In the director's opinion the company is controlled by Mr M.J. Bertola, consequently on 19th February 2014 Mr

M.J Bertola resigned from the company and Mr S. Leonard-Williams was appointed as director.