Registered Number 05513396

ABID LTD

Abbreviated Accounts

31 July 2016

ABID LTD Registered Number 05513396

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 8,972 11,215
8,972 11,215
Current assets
Stocks 3,500 3,700
Cash at bank and in hand 197 186
3,697 3,886
Creditors: amounts falling due within one year (1,990) (2,678)
Net current assets (liabilities) 1,707 1,208
Total assets less current liabilities 10,679 12,423
Creditors: amounts falling due after more than one year (7,500) (9,480)
Total net assets (liabilities) 3,179 2,943
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,178 2,942
Shareholders' funds 3,179 2,943
  • For the year ending 31 July 2016 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 13 March 2017

And signed on their behalf by:
S MALIK, Director

ABID LTD Registered Number 05513396

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Tangible fixed assets
£
Cost
At 1 August 2015 22,430
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 22,430
Depreciation
At 1 August 2015 11,215
Charge for the year 2,243
On disposals -
At 31 July 2016 13,458
Net book values
At 31 July 2016 8,972
At 31 July 2015 11,215