Abbey Marble (East Anglia) Limited - Abbreviated accounts 16.3

Abbey Marble (East Anglia) Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 06299542 (England and Wales)


















Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Abbey Marble (East Anglia) Limited

Abbey Marble (East Anglia) Limited (Registered number: 06299542)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

Abbey Marble (East Anglia) Limited

Company Information
for the Year Ended 30 April 2016







DIRECTORS: L Fuller
Mrs L Fuller





SECRETARY: Mrs L Fuller





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 06299542 (England and Wales)





ACCOUNTANTS: The Mudd Partnership
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Abbey Marble (East Anglia) Limited (Registered number: 06299542)

Abbreviated Balance Sheet
30 April 2016

30.4.16 30.4.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,603 7,523

CURRENT ASSETS
Stocks 39,858 29,858
Debtors 25,707 16,078
65,565 45,936
CREDITORS
Amounts falling due within one year 70,435 53,020
NET CURRENT LIABILITIES (4,870 ) (7,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

733

439

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 633 339
SHAREHOLDERS' FUNDS 733 439

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 January 2017 and were signed on its behalf by:





L Fuller - Director


Abbey Marble (East Anglia) Limited (Registered number: 06299542)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

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 the value of sales to customers, net of discounts, allowances, volume and promotional
rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company
has delivered product to the customer, the customer has accepted the products and collectability of the related
receivable is reasonably assured.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015
and 30 April 2016 36,136
DEPRECIATION
At 1 May 2015 28,613
Charge for year 1,920
At 30 April 2016 30,533
NET BOOK VALUE
At 30 April 2016 5,603
At 30 April 2015 7,523

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.16 30.4.15
value: £    £   
100 Ordinary shares £1 100 100

Abbey Marble (East Anglia) Limited (Registered number: 06299542)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2016

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and
30 April 2015:

30.4.16 30.4.15
£    £   
Mrs L Fuller and L Fuller
Balance outstanding at start of year 6,081 5,692
Amounts advanced 34,812 38,027
Amounts repaid (38,231 ) (37,638 )
Balance outstanding at end of year 2,662 6,081

During the year interest of £399 (2015: £537) was applied to the above loan. This was calculate using HMRC's
approved rates of interest.

The above loan was repaid in full on 31 January 2017.

5. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by the directors, L Fuller and Mrs L Fuller, who together are the only
shareholders.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Abbey Marble (East Anglia) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Abbey Marble (East Anglia) Limited for the year ended 30 April 2016 which comprise the Profit
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abbey Marble (East Anglia) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abbey Marble (East Anglia) Limited and state those matters that we have agreed to state to the Board of Directors of Abbey Marble (East Anglia) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbey Marble (East Anglia) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abbey Marble (East Anglia) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abbey Marble (East Anglia) Limited. You consider that Abbey Marble (East Anglia) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abbey Marble (East Anglia) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Mudd Partnership
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


31 January 2017