Abbey Lawns Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04078539 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Abbey Lawns Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs J E Geary

SECRETARY:

Mrs J E Geary

REGISTERED OFFICE:

61 Rodney Street

Liverpool

Merseyside

L1 9ER

REGISTERED NUMBER:

04078539 (England and Wales)

ACCOUNTANTS:

Alexander Myerson & Co Limited

Chartered Accountants

Alexander House

61 Rodney Street

Liverpool

L1 9ER

FIXED ASSETS

Intangible assets

2

310,984

350,684

Tangible assets

3

1,808,052

1,866,016

2,119,036

2,216,700

CURRENT ASSETS

Debtors

160,318

65,706

Cash at bank and in hand

162,950

281,660

323,268

347,366

CREDITORS

Amounts falling due within one year

253,892

219,569

NET CURRENT ASSETS

69,376

127,797

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,188,412

2,344,497

CREDITORS

Amounts falling due after more than one
year

(1,057,630

)

(1,120,745

)

PROVISIONS FOR LIABILITIES

(54,272

)

(63,531

)

NET ASSETS

1,076,510

1,160,221

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,076,410

1,160,121

SHAREHOLDERS' FUNDS

1,076,510

1,160,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 20 June 2016 and were signed by:

Mrs J E Geary - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Freehold property is not depreciated as the director believes that the current market value is not less than the

value in the balance sheet.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

794,000

AMORTISATION

At 1 October 2014

443,316

Amortisation for year

39,700

At 30 September 2015

483,016

NET BOOK VALUE

At 30 September 2015

310,984

At 30 September 2014

350,684

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

2,110,234

DEPRECIATION

At 1 October 2014

244,218

Charge for year

57,964

At 30 September 2015

302,182

NET BOOK VALUE

At 30 September 2015

1,808,052

At 30 September 2014

1,866,016

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100

ORDINARY

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2015 and

30 September 2014:

30.9.15

30.9.14

£

Mrs J E Geary

Balance outstanding at start of year

(401

)

(9,301

)

Amounts advanced

20,106

-

Amounts repaid

-

8,900

Balance outstanding at end of year

19,705

(401

)