| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
| for |
| A.B.I. ELECTRONICS LIMITED |
| DRAFT - SUBJECT TO APPROVAL |
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
| for |
| A.B.I. ELECTRONICS LIMITED |
| A.B.I. ELECTRONICS LIMITED (REGISTERED NUMBER: 01824588) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| DRAFT - SUBJECT TO APPROVAL |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| A.B.I. ELECTRONICS LIMITED |
| Company Information |
| for the Year Ended 30 June 2016 |
| DRAFT - SUBJECT TO APPROVAL |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| SOLICITORS: |
| A.B.I. ELECTRONICS LIMITED (REGISTERED NUMBER: 01824588) |
| Abbreviated Balance Sheet |
| 30 June 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| DRAFT - SUBJECT TO APPROVAL |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were approved by the director on |
| A.B.I. ELECTRONICS LIMITED (REGISTERED NUMBER: 01824588) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| DRAFT - SUBJECT TO APPROVAL |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods less agents commission and value added tax. |
| Tangible fixed assets |
| Structural improvements | - |
| Tools and equipment | - |
| Fixtures and fittings | - |
| Office equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Government grant |
| A grant was received towards the cost of capital equipment in an earlier year. This grant is being transferred to |
| the profit and loss account at an amount equivalent to the capital allowances claimed on the equipment each year. |
| Group companies |
| The financial statements present information about the company as an individual undertaking and not it's group. |
| Consolidated accounts are not being prepared as the group qualifies as a small group. |
| A.B.I. ELECTRONICS LIMITED (REGISTERED NUMBER: 01824588) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| DRAFT - SUBJECT TO APPROVAL |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for year |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | ULTIMATE PARENT COMPANY |