Abbey Thermal Insulation Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02814170 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Abbey Thermal Insulation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Cotter

P Derrick

R J Stubbs

R C Turner

REGISTERED OFFICE:

23-24 Riverside House

Lower Southend Road

Wickford

Essex

SS11 8BB

REGISTERED NUMBER:

02814170 (England and Wales)

ACCOUNTANTS:

Anthony Russel Limited

Chartered Accountants

Registered Auditor

Winghams House

9 Freeport Office Village

Century Drive

Braintree

Essex

CM77 8YG

FIXED ASSETS

Tangible assets

2

28,290

14,444

CURRENT ASSETS

Debtors

1,363,970

693,258

Cash at bank and in hand

1,164,104

991,909

2,528,074

1,685,167

CREDITORS

Amounts falling due within one year

1,664,562

893,583

NET CURRENT ASSETS

863,512

791,584

TOTAL ASSETS LESS CURRENT
LIABILITIES

891,802

806,028

PROVISIONS FOR LIABILITIES

4,414

1,407

NET ASSETS

887,388

804,621

CAPITAL AND RESERVES

Called up share capital

3

38,400

Profit and loss account

848,988

766,221

SHAREHOLDERS' FUNDS

887,388

804,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 4 November 2016 and were
signed on its behalf by:

R C Turner - 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 revenue earned under a wide variety of contracts to provide goods and

services. Revenue is recognised as earned when, and to the extent that, the company obtains

the right to consideration in exchange for its performance under these contracts. It is measured

at the fair value of the right to consideration, which represents amounts chargeable to

customers, including expenses and disbursements but 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Amounts recoverable on contracts

Turnover and attributable profit of long term contacts are calculated in relation to the proportion

of the work complete as at the year end.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

129,417

Additions

19,539

At 30 June 2016

148,956

DEPRECIATION

At 1 July 2015

114,973

Charge for year

5,693

At 30 June 2016

120,666

NET BOOK VALUE

At 30 June 2016

28,290

At 30 June 2015

14,444

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

38,400

Ordinary

£1

38,400