REGISTERED NUMBER: SC229352

ABBANOY LOGISTICS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr E Bascetta

REGISTERED OFFICE:

145 St Vincent Street

6th Floor

Glasgow

G2 5JF

REGISTERED NUMBER:

SC229352

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Intangible assets

2

25,375

29,875

Tangible assets

3

-

-

25,375

29,875

CURRENT ASSETS

Debtors

2,770

4,111

Cash at bank

7,980

45,963

10,750

50,074

CREDITORS

Amounts falling due within one year

4

41,179

81,793

NET CURRENT LIABILITIES

(30,429

)

(31,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,054

)

(1,844

)

CREDITORS

Amounts falling due after more than one year

4

84,362

103,018

NET LIABILITIES

(89,416

)

(104,862

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(89,516

)

(104,962

)

SHAREHOLDERS' FUNDS

(89,416

)

(104,862

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 12 January 2017 and were signed by:

Dr E Bascetta - Director

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 royalties due for the year, excluding value added tax.

Intangible fixed assets

Franchise fees are amortised over the period of time for which the area franchise is acquired.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment

-

25% on cost

Going concern

The accounts have been prepared on a going concern basis despite there being net liabilities at the balance sheet

date as since then the company has continued to trade profitably and meet all its liabilities as they fall due.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

45,000

AMORTISATION

At 1 May 2015

15,125

Amortisation for year

4,500

At 30 April 2016

19,625

NET BOOK VALUE

At 30 April 2016

25,375

At 30 April 2015

29,875

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

1,092

DEPRECIATION

At 1 May 2015

and 30 April 2016

1,092

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

4.

CREDITORS

Creditors include an amount of £ 102,932 (30.4.15 - £ 120,519 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.4.16

30.4.15

£

£

Repayable by instalments

-

22,660

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

100

Ordinary

£1

100

100

6.

CONTROL