ABBEY BUSINESS SCHOOL LIMITED

Company Registration Number:
07250377 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 June 2015

End date: 31 May 2016

ABBEY BUSINESS SCHOOL LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

ABBEY BUSINESS SCHOOL LIMITED

Company Information

for the Period Ended 31 May 2016




Director: Israel Chipara
Emmanuel Quarshie Sawerteh
Registered office: Studio 10
253 - 255 Belgrave Road
Leicester
Leicestershire
Company Registration Number: 07250377 (England and Wales)

ABBEY BUSINESS SCHOOL LIMITED

Directors' Report Period Ended 31 May 2016

The directors present their report with the financial statements of the company for the period ended 31 May 2016

Directors
The directors shown below have held office during the whole of the period from
01 June 2015 to 31 May 2016
Israel Chipara
Emmanuel Quarshie Sawerteh

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 28 February 2017
And Signed On Behalf Of The Board By:

Name: Israel Chipara
Status: Director

ABBEY BUSINESS SCHOOL LIMITED

Profit and Loss Account

for the Period Ended 31 May 2016


Notes

2016
£

2015
£
Turnover: 380,579 403,115
Cost of sales: ( 304,711 ) ( 349,024 )
Gross profit or (loss): 75,868 54,091
Administrative expenses: ( 84,920 ) ( 68,173 )
Operating profit or (loss): ( 9,052 ) ( 14,082 )
Profit or (loss) on ordinary activities before taxation: ( 9,052 ) ( 14,082 )
Profit or (loss) for the financial year: ( 9,052 ) ( 14,082 )

The notes form part of these financial statements

ABBEY BUSINESS SCHOOL LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

ABBEY BUSINESS SCHOOL LIMITED

Balance sheet

As at 31 May 2016


Notes

2016
£

2015
£
Fixed assets
Tangible assets: 2 10,744 13,155
Total fixed assets: 10,744 13,155
Current assets
Debtors: 10,098 590
Cash at bank and in hand: 4,166 79,013
Total current assets: 14,264 79,603
Creditors: amounts falling due within one year: ( 15,093 ) ( 185,419 )
Net current assets (liabilities): ( 829 ) ( 105,816 )
Total assets less current liabilities: 9,915 ( 92,661 )
Creditors: amounts falling due after more than one year: ( 135,181 ) ( 23,553 )
Total net assets (liabilities): ( 125,266 ) ( 116,214 )

The notes form part of these financial statements

ABBEY BUSINESS SCHOOL LIMITED

Balance sheet continued

As at 31 May 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 3 6 6
Profit and loss account: 4 ( 125,272 ) ( 116,220 )
Shareholders funds: ( 125,266 ) ( 116,214 )

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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 28 February 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Israel Chipara
Status: Director

The notes form part of these financial statements

ABBEY BUSINESS SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2016

  • 1. Accounting policies

    Turnover policy

    Turnover based on Sales Invoiced

    Tangible fixed assets depreciation policy

    Fixtures & Fittings at 10% Straight line

ABBEY BUSINESS SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2016

  • 2. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 June 2015: - - 21,000 3,055 - 24,055
    Additions: - - - - - 0
    Disposals: - - - - - 0
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    31 May 2016: - - 21,000 3,055 - 24,055
    Depreciation
    01 June 2015: - - 8,400 2,500 - 10,900
    Charge for year: - - 2,100 311 - 2,411
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    31 May 2016: - - 10,500 2,811 - 13,311
    Net book value
    31 May 2016: - - 10,500 244 - 10,744
    31 May 2015: - - 12,600 555 - 13,155

ABBEY BUSINESS SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 6 1.00 6
    Preference shares: 0
    Total share capital (£): 6
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 6 1.00 6
    Preference shares: 0
    Total share capital (£): 6

ABBEY BUSINESS SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2016

  • 4. Profit and loss account


    2016
    £

    2015
    £
    Opening balance: ( 116,220 ) ( 102,138 )
    Profit or (loss) for the period: ( 9,052 ) ( 14,082 )
    Retained profit: ( 125,272 ) ( 116,220 )