ABSEIL COMMERCIAL LIMITED

Company Registration Number:
02554679 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 August 2015

End date: 31 July 2016

ABSEIL COMMERCIAL LIMITED

Abbreviated Balance sheet

As at 31 July 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 15,325 6,967
Total fixed assets: 15,325 6,967
Current assets
Stocks: 0 0
Debtors: 51,140 73,945
Cash at bank and in hand: 83,400 58,635
Total current assets: 134,540 132,580
Creditors: amounts falling due within one year: ( 147,067 ) ( 138,010 )
Net current assets (liabilities): ( 12,527 ) ( 5,430 )
Total assets less current liabilities: 2,798 1,537
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 2,798 1,537

The notes form part of these financial statements

ABSEIL COMMERCIAL LIMITED

Balance sheet continued

As at 31 July 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 2 2
Revaluation reserve: 0 0
Profit and loss account: 2,796 1,535
Shareholders funds: 2,798 1,537

For the year ending 31 July 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.

The financial statements were approved by the Board of Directors on 26 April 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mark Edwards
Status: Director

Name: Mike Needham
Status: Director

The notes form part of these financial statements

ABSEIL COMMERCIAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 1. Accounting 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 2008).

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of services rendered during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its useful life:

    Fixtures and Fittings 20% on cost

ABSEIL COMMERCIAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 2. Tangible assets

    Total
    Cost £
    01 August 2015: 14,878
    Additions: 14,167
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 July 2016: 29,045
    Depreciation
    01 August 2015: 7,911
    Charge for year: 5,809
    On disposals: 0
    Other adjustments: 0
    31 July 2016: 13,720
    Net book value
    31 July 2016: 15,325
    31 July 2015: 6,967

ABSEIL COMMERCIAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 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: 2 1.00 2
    Preference shares: 0 0.00 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0 0.00 0
    Total share capital (£): 2