A.B.M. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01975736 (England and Wales)

A.B.M. Limited

Abbreviated Unaudited Accounts For The Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Rogerson

C Lindsay

SECRETARY:

A Rogerson

REGISTERED OFFICE:

Pitt Street

Widnes

Cheshire

WA8 0TG

REGISTERED NUMBER:

01975736 (England and Wales)

ACCOUNTANT:

Huddart

Chartered Accountants

164 Walkden Road

Walkden

Worsley

Manchester

M28 7DP

FIXED ASSETS

Tangible assets

2

12,268

21,726

CURRENT ASSETS

Stocks

377,672

401,333

Debtors

388,328

186,093

Cash at bank

58,215

307

824,215

587,733

CREDITORS

Amounts falling due within one year

581,430

337,597

NET CURRENT ASSETS

242,785

250,136

TOTAL ASSETS LESS CURRENT
LIABILITIES

255,053

271,862

CAPITAL AND RESERVES

Called up share capital

3

1,375

Share premium

34,480

Capital redemption reserve

87,500

Profit and loss account

131,698

148,507

SHAREHOLDERS' FUNDS

255,053

271,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 Board of Directors on 30 June 2016 and were signed on its
behalf by:

A Rogerson - 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 January 2015).

Turnover

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

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

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

64,915

DEPRECIATION

At 1 April 2015

43,189

Charge for year

9,458

At 31 March 2016

52,647

NET BOOK VALUE

At 31 March 2016

12,268

At 31 March 2015

21,726

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,375

Ordinary

£1

1,375