Abbey Technologies Limited

Registered Number : 06905738

England and Wales

ABBEY TECHNOLOGIES LIMITED

Abbreviated Accounts

Period of accounts

Start date: 01 June 2015

End date: 31 May 2016

Abbey Technologies Limited
Contents Page
For the year ended 31 May 2016

Balance Sheet
Notes to the Financial Statement

Abbey Technologies Limited
Balance Sheet
As at 31 May 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	1,823	2,040
		1,823	2,040
Current assets
Stocks		350	150
Debtors		7,742	9,051
Cash at bank and in hand		3,396	8,881
		11,488	18,082
Creditors: amount falling due within one year		(11,185)	(18,010)
Net current assets		303	72
Total assets less current liabilities		2,126	2,112
Net assets		2,126	2,112
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		2,125	2,111
Shareholders funds		2,126	2,112

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

Signed on behalf of the board of directors

--------------------------------
Andreas STAVROU
Director

Date approved by the board: 21 March 2017

Abbey Technologies Limited
Notes to the Abbreviated Financial Statements
For the year ended 31 May 2016

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
10 % Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Total
	£	£
At 01 June 2015	2,257	2,257
Additions	-	-
Disposals	-	-
At 31 May 2016	2,257	2,257
Depreciation
At 01 June 2015	217	217
Charge for year	217	217
On disposals	-	-
At 31 May 2016	434	434
Net book values
At 31 May 2016	1,823	1,823
At 01 June 2015	2,040	2,040

Share Capital

Authorised
2 Class A shares of £1.00 each

Allotted	2016 £		2015 £
2 Class A shares of £1.00 each	2		2
	2		2