Company Registration No. 07227229 (England and Wales)
ABISA LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
ABISA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABISA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
4,993
Current assets
Debtors
533
4,666
Cash at bank and in hand
105,447
103,924
105,980
108,590
Creditors: amounts falling due within one year
(750)
(2,340)
Net current assets
105,230
106,250
Total assets less current liabilities
105,230
111,243
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
104,230
110,243
Shareholders' funds
105,230
111,243
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 July 2016
Antony Beadle
Deborah Beadle
Director
Director
Company Registration No. 07227229
ABISA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
Straight Line Depreciation Over 3 years
Motor vehicles
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015 & at 30 April 2016
28,317
Depreciation
At 1 May 2015
23,323
Charge for the year
4,994
At 30 April 2016
28,317
Net book value
At 30 April 2016
-
At 30 April 2015
4,993
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000