Abbey Insulation (Shropshire) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06420028 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

ABBEY INSULATION (SHROPSHIRE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R A Lewis

REGISTERED OFFICE:

35 Upper Bar

Newport

Shropshire

TF10 7EH

REGISTERED NUMBER:

06420028 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Abbey Court

High Street

Newport

Shropshire

TF10 7BW

FIXED ASSETS

Tangible assets

2

8,349

1,415

CURRENT ASSETS

Debtors

27,472

35,128

Cash at bank

7,240

7,915

34,712

43,043

CREDITORS

Amounts falling due within one year

41,547

36,785

NET CURRENT (LIABILITIES)/ASSETS

(6,835

)

6,258

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,514

7,673

PROVISIONS FOR LIABILITIES

1,670

-

NET (LIABILITIES)/ASSETS

(156

)

7,673

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(256

)

7,573

SHAREHOLDERS' FUNDS

(156

)

7,673

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 22 February 2017 and were signed by:

R A Lewis - 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

-

20% on reducing balance

Motor vehicles

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

4,391

Additions

7,217

At 31 May 2016

11,608

DEPRECIATION

At 1 June 2015

2,976

Charge for year

283

At 31 May 2016

3,259

NET BOOK VALUE

At 31 May 2016

8,349

At 31 May 2015

1,415

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary Shares

£1

100