Company Registration No. 06499134 (England and Wales)
ABBA ENERGY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
ABBA ENERGY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABBA ENERGY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
396
Current assets
Debtors
14,967
34,165
Cash at bank and in hand
14,356
7,861
29,323
42,026
Creditors: amounts falling due within one year
(28,500)
(33,315)
Net current assets
823
8,711
Total assets less current liabilities
823
9,107
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
723
9,007
Shareholders' funds
823
9,107
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 10 November 2016
J J W Wiliiams
Director
Company Registration No. 06499134
ABBA ENERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 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 January 2015).
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:
Computer equipment
33% Straight line
Fixtures, fittings & equipment
25% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015 & at 29 February 2016
5,617
Depreciation
At 1 March 2015
5,221
Charge for the year
396
At 29 February 2016
5,617
Net book value
At 29 February 2016
-
At 28 February 2015
396
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100