Registered Number 03780661

ABACUS SHUTTERS LTD

Abbreviated Accounts

31 May 2016

ABACUS SHUTTERS LTD Registered Number 03780661

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 477,724 464,584
477,724 464,584
Current assets
Stocks 495 350
Debtors 30,444 15,783
Cash at bank and in hand 115,458 68,657
146,397 84,790
Prepayments and accrued income 837 835
Creditors: amounts falling due within one year (18,882) (14,871)
Net current assets (liabilities) 128,352 70,754
Total assets less current liabilities 606,076 535,338
Total net assets (liabilities) 606,076 535,338
Capital and reserves
Called up share capital 2 2
Other reserves 504,212 457,272
Profit and loss account 101,862 78,064
Shareholders' funds 606,076 535,338
  • For the year ending 31 May 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 July 2016

And signed on their behalf by:
DAVID JOHN ATKINS, Director

ABACUS SHUTTERS LTD Registered Number 03780661

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and Trade Discounts.

2Tangible fixed assets
£
Cost
At 1 June 2015 464,584
Additions 21,941
Disposals -
Revaluations -
Transfers -
At 31 May 2016 486,525
Depreciation
At 1 June 2015 -
Charge for the year 8,801
On disposals -
At 31 May 2016 8,801
Net book values
At 31 May 2016 477,724
At 31 May 2015 464,584

Depreciation is provided at 18% to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis