ABI'S CATERING SUPPLIER LTD.

Abbreviated Unaudited Accounts

For The Year Ended 30th April 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Mohseni

Mrs L A Mohseni

SECRETARY:

Mrs L A Mohseni

REGISTERED OFFICE:

1 Nelson Street

Southend-on-sea

Essex

SS1 1EG

REGISTERED NUMBER:

03269620

ACCOUNTANTS:

Wilkins Kennedy LLP

Chartered Accountants

1 - 5 Nelson Street

Southend on Sea

Essex

SS1 1EG

BANKERS:

Lloyds TSB Bank plc

Black Horse House

Bentalls

Pipps Hill

Basildon

Essex

SS14 3BY

FIXED ASSETS

Tangible assets

2

102,278

71,163

CURRENT ASSETS

Stocks

163,518

178,155

Debtors

102,062

80,424

Cash at bank

153,986

64,993

419,566

323,572

CREDITORS

Amounts falling due within one year

3

169,110

146,668

NET CURRENT ASSETS

250,456

176,904

TOTAL ASSETS LESS CURRENT LIABILITIES

352,734

248,067

CREDITORS

Amounts falling due after more than one year

3

(31,918

)

-

PROVISIONS FOR LIABILITIES

(10,166

)

(8,822

)

NET ASSETS

310,650

239,245

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

310,550

239,145

SHAREHOLDERS' FUNDS

310,650

239,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31st January 2017 and were signed on its behalf by:

M Mohseni - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

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, excluding 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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value

and depeciated over their expected useful lives. The interest element of leasing payments represents a constant

proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

415,992

Additions

42,213

Disposals

(66,172

)

At 30th April 2016

392,033

DEPRECIATION

At 1st May 2015

344,829

Charge for year

9,517

Eliminated on disposal

(64,591

)

At 30th April 2016

289,755

NET BOOK VALUE

At 30th April 2016

102,278

At 30th April 2015

71,163

3.

CREDITORS

Creditors include an amount of £ 44,224 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary shares

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid rent to Mr M. Mohseni to the value of £30,000 (2015: £30,000) in respect of

the units occupied by Abi's Catering Supplier owned by Mr Mohseni. As at the year end Mr Mohseni's loan

account stood at a credit balance of £215 (2015: £149). The maximum value of the loan outstanding during the

year was £215.

6.	ULTIMATE CONTROLLING PARTY

In the board's opinion the company is under the control of Mr M. Mohseni by way of his majority shareholding.