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REGISTERED NUMBER: 02691634 (England and Wales)












Unaudited Financial Statements

for the Period 1st March 2017 to 31st May 2018

for

Abbey Drivelines Limited

Abbey Drivelines Limited (Registered number: 02691634)






Contents of the Financial Statements
for the Period 1st March 2017 to 31st May 2018




Page

Company information 1

Abridged statement of financial position 2

Notes to the financial statements 4


Abbey Drivelines Limited

Company Information
for the Period 1st March 2017 to 31st May 2018







Director: B A Lashmar





Secretary: C J Simmonds





Registered office: Exchange House
Middle Street
Nazeing
Waltham Abbey
Essex
EN9 2LP





Registered number: 02691634 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX

Abbey Drivelines Limited (Registered number: 02691634)

Abridged Statement of Financial Position
31st May 2018

2018 2017
Notes £    £   
Fixed assets
Tangible assets 4 26,639 43,176

Current assets
Debtors 5,400 5,251
Cash at bank 14,694 52,084
20,094 57,335
Creditors
Amounts falling due within one year (7,519 ) (6,997 )
Net current assets 12,575 50,338
Total assets less current liabilities 39,214 93,514

Creditors
Amounts falling due after more than one
year

(22,273

)

(80,324

)

Provisions for liabilities - (7,724 )
Net assets 16,941 5,466

Capital and reserves
Called up share capital 100 100
Retained earnings 16,841 5,366
Shareholders' funds 16,941 5,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2018 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.

Abbey Drivelines Limited (Registered number: 02691634)

Abridged Statement of Financial Position - continued
31st May 2018


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 Income statement and an abridged Statement of financial position for the period ended 31st May 2018 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 director on 5th November 2018 and were signed by:





B A Lashmar - Director


Abbey Drivelines Limited (Registered number: 02691634)

Notes to the Financial Statements
for the Period 1st March 2017 to 31st May 2018

1. Statutory information

Abbey Drivelines 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.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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 period 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 period was 1 (2017 - 1 ) .

Abbey Drivelines Limited (Registered number: 02691634)

Notes to the Financial Statements - continued
for the Period 1st March 2017 to 31st May 2018

4. Tangible fixed assets
Totals
£   
Cost
At 1st March 2017 248,353
Additions 333
At 31st May 2018 248,686
Depreciation
At 1st March 2017 205,177
Charge for period 16,870
At 31st May 2018 222,047
Net book value
At 31st May 2018 26,639
At 28th February 2017 43,176