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REGISTERED NUMBER: 06960781 (England and Wales)


























ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2016

FOR

ABOVE LIMITED








ABOVE LIMITED (REGISTERED NUMBER: 06960781)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JULY 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

ABOVE LIMITED (REGISTERED NUMBER: 06960781)

ABBREVIATED BALANCE SHEET
31ST JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 46,233 26,204

CURRENT ASSETS
Stocks - 1,248
Debtors 7,880 14,534
Cash at bank 20,991 4,258
28,871 20,040
CREDITORS
Amounts falling due within one year 22,938 24,538
NET CURRENT ASSETS/(LIABILITIES) 5,933 (4,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,166
21,706

CREDITORS
Amounts falling due after more than one
year
(19,202
)
(4,529
)

PROVISIONS FOR LIABILITIES (8,764 ) (4,676 )
NET ASSETS 24,200 12,501

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Profit and loss account 23,200 11,501
SHAREHOLDERS' FUNDS 24,200 12,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 10th November 2016 and were signed by:





Mr P D Tickle - Director


The notes form part of these abbreviated accounts

Page 1
ABOVE LIMITED (REGISTERED NUMBER: 06960781)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JULY 2016


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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of
Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

All fixed assets are initially recorded at cost.

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 where transactions or events have occurred at that date that will result in an obligation to pay
more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed
assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the
extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned.
However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more
likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the
replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with
the lessor are charged against profits on a straight line basis over the period of the lease.

Page 2 continued...
ABOVE LIMITED (REGISTERED NUMBER: 06960781)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST JULY 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st August 2015 42,659
Additions 26,361
At 31st July 2016 69,020
DEPRECIATION
At 1st August 2015 16,455
Charge for year 6,332
At 31st July 2016 22,787
NET BOOK VALUE
At 31st July 2016 46,233
At 31st July 2015 26,204

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
500 Ordinary A £1 500 500
5,000 Ordinary B 10p 500 500
1,000 1,000

Page 3