ABC Kidz Limited - Filleted accounts

Registered number

06590861

ABC Kidz Limited

Filleted Accounts

31 August 2017

ABC Kidz Limited
Registered number:		06590861
Balance Sheet
as at 31 August 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		6,391			7,584

Current assets
Debtors	3	115			115
Cash at bank and in hand		5,673			3,165
		5,788			3,280

Creditors: amounts falling due within one year	4	(20,721)			(21,922)

Net current liabilities			(14,933)			(18,642)

Net liabilities			(8,542)			(11,058)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(8,642)			(11,158)

Shareholder's funds			(8,542)			(11,058)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Naeema Habib
Director
Approved by the board on 18 May 2018

ABC Kidz Limited
Notes to the Accounts
for the year ended 31 August 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	10% srtaight line
	Fixtures, fittings, tools and equipment	25% straight line

	Going concern
	As at Balance sheet date, the company's total liabilities exceeds its total assets. The company is able to trade with the support of its director who is also a controlling shareholder. This support is likely to be continued in the foreseeable future and the director believe that it remains appropriate to prepare the financial statements on a going concern basis.


2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 September 2016				18,530
	At 31 August 2017				18,530

	Depreciation
	At 1 September 2016				10,946
	Charge for the year				1,193
	At 31 August 2017				12,139

	Net book value
	At 31 August 2017				6,391
	At 31 August 2016				7,584


3	Debtors		2017		2016
£				£

	Other debtors		115		115


4	Creditors: amounts falling due within one year		2017		2016
£				£

	Trade creditors		2,282		-
	Taxation and social security costs		(241)		13
	Other creditors		18,680		21,909
			20,721		21,922


5	Controlling party

	The company is controlled by its director Mrs Naeema Habib by virtue of her shareholdings. The director has charged company a sum of £480 (2016, £300) for use of home as an office and as at year end the sum due to the director was £17,301 ( 2016, £20,828 ) .


6	Other information

	ABC Kidz Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Matrix Trade Centre
	167 Station Road
	Edgware
	Middlesex
	HA8 7JU