ABC Worcester Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08736272 (England and Wales)

Financial Statements for the Year Ended 31st December 2016

for

ABC Worcester Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Bradley

Mrs E A Bradley

A B Haynes

Mrs Z S Upson

SECRETARY:

REGISTERED OFFICE:

Chilton House

37 Foregate Street

Worcester

Worcestershire

WR1 1EE

REGISTERED NUMBER:

08736272 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

950

-

CURRENT ASSETS

Work in progress

1,000

-

Debtors

24,654

5,424

Cash at bank

14,224

2,143

39,878

7,567

CREDITORS

Amounts falling due within one year

45,248

7,500

NET CURRENT (LIABILITIES)/ASSETS

(5,370

)

67

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,420

)

67

CREDITORS

Amounts falling due after more than one year

21,271

-

NET (LIABILITIES)/ASSETS

(25,691

)

67

CAPITAL AND RESERVES

Called up share capital

200

1

Share premium

7,469

-

Retained earnings

(33,360

)

66

SHAREHOLDERS' FUNDS

(25,691

)

67

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29th September 2017 and were signed on its behalf by:

A R Bradley - Director

A B Haynes - Director

Mrs E A Bradley - Director

Mrs Z S Upson - Director

1.	STATUTORY INFORMATION

ABC Worcester Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

33% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing work in progress to their present location and condition.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

DEFERRED TAX

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,418

At 31st December 2016

1,418

DEPRECIATION

Charge for year

468

At 31st December 2016

468

NET BOOK VALUE

At 31st December 2016

950

5.	GOING CONCERN

As at 31 December 2016 the Balance Sheet showed net liabilities of £33,160. The directors have agreed to

continue to support the company for the foreseeable future which has enabled the accounts to be drawn up on a

going concern basis.