ABN Finest Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08480441 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2017

for

ABN Finest Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mrs Arati Patel

REGISTERED OFFICE:

33 First Avenue

Bexleyheath

Kent

DA7 5SS

REGISTERED NUMBER:

08480441 (England and Wales)

ACCOUNTANTS:

Alchemy Financial Solutions Limited

108 Lower Road

Belvedere

Kent

DA17 6DZ

FIXED ASSETS

Intangible assets

4

20,000

22,500

Tangible assets

5

325

397

20,325

22,897

CURRENT ASSETS

Stocks

64,587

40,650

Debtors

6

100,200

-

Cash at bank and in hand

202,612

210,661

367,399

251,311

CREDITORS

Amounts falling due within one year

7

119,328

79,450

NET CURRENT ASSETS

248,071

171,861

TOTAL ASSETS LESS CURRENT LIABILITIES

268,396

194,758

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

268,395

194,757

SHAREHOLDERS' FUNDS

268,396

194,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director on 18 December 2017 and were signed by:

Mrs Arati Patel - Director

1.	STATUTORY INFORMATION

ABN Finest 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

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

Stocks

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

for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

25,000

AMORTISATION

At 1 April 2016

2,500

Charge for year

2,500

At 31 March 2017

5,000

NET BOOK VALUE

At 31 March 2017

20,000

At 31 March 2016

22,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

663

DEPRECIATION

At 1 April 2016

266

Charge for year

72

At 31 March 2017

338

NET BOOK VALUE

At 31 March 2017

325

At 31 March 2016

397

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amounts owed by participating interests

100,200

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

43,241

2,638

Taxation and social security

36,615

56,076

Other creditors

39,472

20,736

119,328

79,450

The following reproduces the text of the report prepared for the director and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report

of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Alchemy Financial Solutions Limited

108 Lower Road

Belvedere

Kent

DA17 6DZ

27 December 2017