Registered Number 02864493

ABAXIAL LIMITED

Abbreviated Accounts

30 September 2016

ABAXIAL LIMITED Registered Number 02864493

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,565 1,842
1,565 1,842
Current assets
Investments 50,000 50,000
Cash at bank and in hand 28,011 46,792
78,011 96,792
Net current assets (liabilities) 78,011 96,792
Total assets less current liabilities 79,576 98,634
Creditors: amounts falling due after more than one year (25,701) (25,692)
Total net assets (liabilities) 53,875 72,942
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 53,873 72,940
Shareholders' funds 53,875 72,942
  • For the year ending 30 September 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 14 March 2017

And signed on their behalf by:
Mrs S Netherton, Director

ABAXIAL LIMITED Registered Number 02864493

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual
value, over the useful economic life of that asset as follows:

Equipment - 15% reducing balancing

Other accounting policies
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.

2Tangible fixed assets
£
Cost
At 1 October 2015 7,718
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 7,718
Depreciation
At 1 October 2015 5,876
Charge for the year 277
On disposals -
At 30 September 2016 6,153
Net book values
At 30 September 2016 1,565
At 30 September 2015 1,842

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 A Ordinary share of £1 each 1 1
1 B Ordinary shares of £1 each 1 1