REGISTERED NUMBER: 02929541 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 June 2013 to 30 June 2014

for

ABAGAS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T A Cooper

SECRETARY:

Miss T Sheppard

REGISTERED OFFICE:

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

B30 3DR

REGISTERED NUMBER:

02929541 (England and Wales)

ACCOUNTANTS:

Stanley Yule Chartered Accountants

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

B30 3DR

BANKERS:

Barclays Bank plc

Barclays Business Centre

Edgbaston Branch

38 Hagley Road

Birmingham

West Midlands

B16 8NY

FIXED ASSETS

Tangible assets

2

-

1,834

CURRENT ASSETS

Debtors

1,864

5,050

Cash at bank

1,579

39

3,443

5,089

CREDITORS

Amounts falling due within one year

3,439

6,824

NET CURRENT ASSETS/(LIABILITIES)

4

(1,735

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4

99

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

2

97

SHAREHOLDERS' FUNDS

4

99

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 October 2014 and were signed by:

T A Cooper - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods and services, excluding value added tax arising from the

supply of plumbing services. Income is recognised on delivery of a service.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

9,055

Additions

1,200

Disposals

(10,255

)

At 30 June 2014

-

DEPRECIATION

At 1 June 2013

7,221

Charge for period

359

Eliminated on disposal

(7,580

)

At 30 June 2014

-

NET BOOK VALUE

At 30 June 2014

-

At 31 May 2013

1,834

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2014 and the year

ended 31 May 2013:

2014

2013

£

£

T A Cooper

Balance outstanding at start of period

4,786

6,482

Amounts advanced

-

4,786

Amounts repaid

(4,786

)

(6,482

)

Balance outstanding at end of period

-

4,786

5.	ULTIMATE CONTROLLING PARTY

The company is under the control of the director Mr T A Cooper.