Company Registration No. 5810812 (England and Wales)
Abitalia Ltd
Unaudited accounts
for the year ended 31 May 2017
Abitalia Ltd
Unaudited accounts
Contents
Abitalia Ltd
Company Information
for the year ended 31 May 2017
Company Number
5810812 (England and Wales)
Registered Office
237 GLOUCESTER ROAD
CHELTENHAM
GLOUCESTERSHIRE
GL51 8NJ
UK
Accountants
Marc Austin Accountancy
9 Ashley Drive
Bussage
Stroud
Gloucestershire
GL6 8BY
Abitalia Ltd
Statement of financial position
as at 31 May 2017
Tangible assets
8,375
8,598
Cash at bank and in hand
178,973
269,852
Creditors: amounts falling due within one year
(104,413)
(120,745)
Net current assets
125,110
203,222
Net assets
133,485
211,820
Called up share capital
8
8
Profit and loss account
133,477
211,812
Shareholders' funds
133,485
211,820
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 February 2018.
G Moretti
Director
Company Registration No. 5810812
Abitalia Ltd
Notes to the Accounts
for the year ended 31 May 2017
Abitalia Ltd is a private company, limited by shares, registered in England and Wales, registration number 5810812. The registered office is 237 GLOUCESTER ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 8NJ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
33% on reducing balance
Abitalia Ltd
Notes to the Accounts
for the year ended 31 May 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2016
2,245
14,400
6,092
22,737
At 31 May 2017
4,707
14,400
6,092
25,199
At 1 June 2016
1,297
7,881
4,961
14,139
Charge for the year
682
1,630
373
2,685
At 31 May 2017
1,979
9,511
5,334
16,824
At 31 May 2017
2,728
4,889
758
8,375
At 31 May 2016
948
6,519
1,131
8,598
Finished goods
45,857
52,515
Accrued income and prepayments
-
1,600
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
2,979
5,729
Trade creditors
88,057
59,693
Amounts owed to group undertakings and other participating interests
-
45,373
Taxes and social security
6,073
8,886
8
Average number of employees
During the year the average number of employees was 6 (2016: 6).