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REGISTERED NUMBER: 04394134












Unaudited Financial Statements

for the Year Ended 31 March 2016

for

Abitech Systems Limited

Abitech Systems Limited (Registered number: 04394134)






Contents of the Financial Statements
for the year ended 31 March 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Abitech Systems Limited

Company Information
for the year ended 31 March 2016







DIRECTOR: M Burton





SECRETARY: Mrs L Burton





REGISTERED OFFICE: Unit 3
Debdale Lane Industrial Estate
Keyworth
Nottinghamshire
NG12 5HN





REGISTERED NUMBER: 04394134





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Abitech Systems Limited (Registered number: 04394134)

Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 17,918 24,417

CURRENT ASSETS
Inventories 5 197,893 212,400
Debtors 6 269,311 605,169
Cash at bank and in hand 37,254 31,731
504,458 849,300
CREDITORS
Amounts falling due within one year 7 246,127 617,005
NET CURRENT ASSETS 258,331 232,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,249

256,712

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 276,247 256,710
SHAREHOLDERS' FUNDS 276,249 256,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 2 December 2016 and were signed by:





M Burton - Director


Abitech Systems Limited (Registered number: 04394134)

Notes to the Financial Statements
for the year ended 31 March 2016

1. STATUTORY INFORMATION

Abitech Systems Limited is a private company, limited by shares , registered in Not
specified/Other. 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
Revenue 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories 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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2015 - 25 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2015
and 31 March 2016 9,892 29,369 2,161 41,422
DEPRECIATION
At 1 April 2015 2,522 12,849 1,634 17,005
Charge for year 1,842 4,130 527 6,499
At 31 March 2016 4,364 16,979 2,161 23,504
NET BOOK VALUE
At 31 March 2016 5,528 12,390 - 17,918
At 31 March 2015 7,370 16,520 527 24,417

Abitech Systems Limited (Registered number: 04394134)

Notes to the Financial Statements - continued
for the year ended 31 March 2016

5. INVENTORIES
2016 2015
£    £   
Stocks 197,893 212,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 11,757 7,615
Other debtors 257,554 597,554
269,311 605,169

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 66,818 141,479
Tax 7,052 -
Social security and other taxes 49,407 30,473
Other creditors 16,779 26,463
Directors' current accounts 102,175 409,775
Accrued expenses 3,896 8,815
246,127 617,005

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2016 2015
£    £   
Within one year 28,250 28,250
Between one and five years 63,562 91,812
91,812 120,062

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2