Company Registration No. 07431038 (England and Wales)
A B Performance Ltd
Unaudited accounts
for the year ended 31 January 2019
A B Performance Ltd
Unaudited accounts
Contents
A B Performance Ltd
Company Information
for the year ended 31 January 2019
Company Number
07431038 (England and Wales)
Registered Office
Pie Hatch Farm, Brettenham Road
Buxhall
Stowmarket
Suffolk
IP14 3DZ
Accountants
Aldertons Accountants
Oak House
2 Woodward Close
Ipswich
IP2 0EA
A B Performance Ltd
Accountants' report
Accountants' report to the director of A B Performance Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
A B Performance Ltd for the year ended
31 January 2019 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of A B Performance Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of A B Performance Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A B Performance Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A B Performance Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A B Performance Ltd. You consider that A B Performance Ltd 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 accounts of A B Performance Ltd. 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 accounts.
Aldertons Accountants
Oak House
2 Woodward Close
Ipswich
IP2 0EA
28 June 2019
A B Performance Ltd
Statement of financial position
as at
31 January 2019
Tangible assets
6,025
5,957
Inventories
109,842
133,247
Cash at bank and in hand
23,318
54,958
Creditors: amounts falling due within one year
(473,206)
(441,928)
Net current liabilities
(309,653)
(229,713)
Total assets less current liabilities
(303,628)
(223,756)
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net liabilities
(353,628)
(273,756)
Called up share capital
20
20
Profit and loss account
(353,648)
(273,776)
Shareholders' funds
(353,628)
(273,756)
For the year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 June 2019.
A L Bates
Director
Company Registration No. 07431038
A B Performance Ltd
Notes to the Accounts
for the year ended 31 January 2019
A B Performance Ltd is a private company, limited by shares, registered in England and Wales, registration number 07431038. The registered office is Pie Hatch Farm, Brettenham Road, Buxhall, Stowmarket, Suffolk, IP14 3DZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2018
9,026
15,239
20,609
8,828
53,702
Additions
-
5,509
-
474
5,983
At 31 January 2019
9,026
20,748
20,609
9,302
59,685
At 1 February 2018
9,026
11,596
20,608
6,515
47,745
Charge for the year
-
4,150
-
1,765
5,915
At 31 January 2019
9,026
15,746
20,608
8,280
53,660
At 31 January 2019
-
5,002
1
1,022
6,025
At 31 January 2018
-
3,643
1
2,313
5,957
Finished goods
109,842
133,247
A B Performance Ltd
Notes to the Accounts
for the year ended 31 January 2019
Other debtors
30,393
24,010
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
163,176
141,445
Other creditors
310,030
300,483
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
50,000
50,000
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).