Registered Number 05936927

ABION CONSULTING LTD

Abbreviated Accounts

30 March 2015

ABION CONSULTING LTD Registered Number 05936927

Abbreviated Balance Sheet as at 30 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 301 593
301 593
Current assets
Debtors 3 10,428 -
Cash at bank and in hand 6,249 14,461
16,677 14,461
Net current assets (liabilities) 16,677 14,461
Total assets less current liabilities 16,978 15,054
Creditors: amounts falling due after more than one year 4 (3,267) (2,045)
Total net assets (liabilities) 13,711 13,009
Capital and reserves
Called up share capital 5 2 2
Revaluation reserve 2,084 2,084
Profit and loss account 11,625 10,923
Shareholders' funds 13,711 13,009
  • For the year ending 30 March 2015 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 directors acknowledge their 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 Board on 25 November 2015

And signed on their behalf by:
Abiondun Onaderu, Director
Olufemi onaderu, Director

ABION CONSULTING LTD Registered Number 05936927

Notes to the Abbreviated Accounts for the period ended 30 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The Directors submit their annual report and the financial accounts of the company for the 12 months ended Tuesday, 31 March 2015

Turnover policy
Sales turnover in the year under review was £68,272 compared with £84,894 last year. Sales turnover reflected the medical condition of the company's director. Products and services Trading margins were 100.0% compared with the previous year 100.0% reflecting market conditions experienced during the financial year.

Tangible assets depreciation policy
Fixed assets are included at purchase cost Depreciation is calculated to write off the cost of tangible assets by equal instalments over their estimated useful lives at the following rates: Land & Buildings 0% per annum Plant & Equipment 10% per annum Fixtures & Fittings 20% per annum Computer Software 33% per annum Motor Vehicles 25% per annum

2Tangible fixed assets
£
Cost
At 31 March 2014 885
Additions -
Disposals -
Revaluations -
Transfers -
At 30 March 2015 885
Depreciation
At 31 March 2014 292
Charge for the year 292
On disposals -
At 30 March 2015 584
Net book values
At 30 March 2015 301
At 30 March 2014 593
3Debtors
2015
£
2014
£
Debtors include the following amounts due after more than one year 10,428 -

Sales Invoice not paid

4Creditors
2015
£
2014
£
Secured Debts 3,266 2,045
5Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2 Ordinary shares of £2 each 4 4