A B Facilities (UK) Ltd - Period Ending 2014-08-31

A B Facilities (UK) Ltd

Unaudited Abbreviated Accounts

for the Period from 1 March 2013 to 31 August 2014

McParland Williams Limited
Accountants and Tax Practitioners
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

A B Facilities (UK) Ltd
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

A B Facilities (UK) Ltd
(Registration number: 07166176)
Abbreviated Balance Sheet at 31 August 2014

	Note	31 August 2014 £	28 February 2013 £
Fixed assets
Intangible fixed assets		8,000	8,500
Tangible fixed assets		-	6,259
		8,000	14,759
Current assets
Debtors		2,578	26,530
Cash at bank and in hand		556	4,361
		3,134	30,891
Creditors: Amounts falling due within one year		(10,913)	(26,249)
Net current (liabilities)/assets		(7,779)	4,642
Net assets		221	19,401
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		121	19,301
Shareholders' funds		221	19,401

For the year ending 31 August 2014 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 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 8 December 2014

.........................................
Mr James Andrew Dalton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

A B Facilities (UK) Ltd
Notes to the Abbreviated Accounts for the Period from 1 March 2013 to 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 20 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	15% reducing balance basis
Motor vehicles	25% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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A B Facilities (UK) Ltd
Notes to the Abbreviated Accounts for the Period from 1 March 2013 to 31 August 2014
......... continued

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 March 2013	10,000	12,328	22,328
Disposals	-	(12,328)	(12,328)
At 31 August 2014	10,000	-	10,000
Depreciation
At 1 March 2013	1,500	6,069	7,569
Charge for the period	500	1,315	1,815
Eliminated on disposals	-	(7,384)	(7,384)
At 31 August 2014	2,000	-	2,000
Net book value
At 31 August 2014	8,000	-	8,000
At 28 February 2013	8,500	6,259	14,759

3	Share capital

Allotted, called up and fully paid shares

	31 August 2014			28 February 2013
		No.	£		No.	£
Ordinary of £1 each		100	100		100	100

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