Company Registration No. 06716528 (England and Wales)
Abo Software Ltd
Unaudited accounts
for the year ended 31 October 2017
Abo Software Ltd
Unaudited accounts
Contents
Abo Software Ltd
Company Information
for the year ended 31 October 2017
Company Number
06716528 (England and Wales)
Registered Office
125 UXBRIDGE ROAD
STANMORE
MIDDLESEX
MIDDLESEX
HA3 6DJ
Accountants
PAJ Accountants
10 - 14 Tiller Road
Docklands
London
London
E14 8PX
Abo Software Ltd
Statement of financial position
as at 31 October 2017
Tangible assets
2,739
3,451
Cash at bank and in hand
22,121
13,628
Creditors: amounts falling due within one year
(5,457)
(6,728)
Net current assets
16,664
6,900
Total assets less current liabilities
19,403
10,351
Creditors: amounts falling due after more than one year
(3,497)
-
Called up share capital
1
1
Profit and loss account
15,905
10,350
Shareholders' funds
15,906
10,351
For the year ending 31 October 2017 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 1 February 2018.
Amanda Bosah
Director
Company Registration No. 06716528
Abo Software Ltd
Notes to the Accounts
for the year ended 31 October 2017
Abo Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 06716528. The registered office is 125 UXBRIDGE ROAD, STANMORE, MIDDLESEX, MIDDLESEX, HA3 6DJ.
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.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
10% on cost
Fixtures & fittings
10% on cost
Computer equipment
33% on cost
Abo Software Ltd
Notes to the Accounts
for the year ended 31 October 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2016
18,360
7,117
2,506
27,983
At 31 October 2017
18,360
7,117
2,506
27,983
At 1 November 2016
18,360
3,666
2,506
24,532
Charge for the year
-
712
-
712
At 31 October 2017
18,360
4,378
2,506
25,244
At 31 October 2017
-
2,739
-
2,739
At 31 October 2016
-
3,451
-
3,451
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
-
5,419
Other creditors
5,457
1,309
6
Creditors: amounts falling due after more than one year
2017
2016
Taxes and social security
3,497
-
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).