Company Registration No. 02689367 (England and Wales)
ABBACOVE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
ABBACOVE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBACOVE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,971
7,424
Current assets
Stocks
2,825
2,850
Debtors
94,746
145,867
Cash at bank and in hand
611,029
509,580
708,600
658,297
Creditors: amounts falling due within one year
(124,561)
(152,937)
Net current assets
584,039
505,360
Total assets less current liabilities
591,010
512,784
Provisions for liabilities
(1,197)
(1,299)
589,813
511,485
Capital and reserves
Called up share capital
3
52
52
Profit and loss account
589,761
511,433
Shareholders' funds
589,813
511,485
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 November 2015
Mr D.J. Lewis
Director
Company Registration No. 02689367
ABBACOVE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Fixtures, fittings and equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
22,627
Additions
1,768
Disposals
(874)
At 31 March 2015
23,521
Depreciation
At 1 April 2014
15,203
On disposals
(438)
Charge for the year
1,785
At 31 March 2015
16,550
Net book value
At 31 March 2015
6,971
At 31 March 2014
7,424
ABBACOVE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
50 Ordinary "A" shares of £1 each
50
50
2 Ordinary "B" shares of £1 each
2
2
52
52
The "A" and "B" shares rank equally in all respects except that the holders of the "B" shares shall not be entitled to receive notice of or to attend or vote at any general meeting of the company.