AbiGan Technology Limited - Accounts to registrar

REGISTERED NUMBER: 04943732 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

AbiGan Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E A Nicholls

R B Nicholls

SECRETARY:

R B Nicholls

REGISTERED OFFICE:

Masefield

Common Platt

Swindon

Wiltshire

SN5 5JZ

REGISTERED NUMBER:

04943732 (England and Wales)

ACCOUNTANTS:

Bew & Co Limited

Chartered Accountants

130 High Street

Marlborough

Wiltshire

SN8 1LZ

FIXED ASSETS

Tangible assets

4

140

-

CURRENT ASSETS

Debtors

5

5,195

2,925

Cash at bank

18,114

15,712

23,309

18,637

CREDITORS

Amounts falling due within one year

6

6,804

4,589

NET CURRENT ASSETS

16,505

14,048

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,645

14,048

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

16,643

14,046

SHAREHOLDERS' FUNDS

16,645

14,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1st December 2017 and were signed on its behalf
by:

E A Nicholls - Director

1.	STATUTORY INFORMATION

AbiGan Technology Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

6,830

Additions

210

At 31st March 2017

7,040

DEPRECIATION

At 1st April 2016

6,830

Charge for year

70

At 31st March 2017

6,900

NET BOOK VALUE

At 31st March 2017

140

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

5,195

2,925

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

1

-

Taxation and social security

6,253

4,029

Other creditors

550

560

6,804

4,589

7.	FIRST YEAR ADOPTION

The company transitioned to FRS 102 1A from UK GAAP on 1st April 2015. No adjustments were made as a

result of this transition.