ABA Building Products Limited - Period Ending 2016-03-31

ABA Building Products Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

ABA Building Products Limited

(Registration number: 03836961)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	2,413	3,985
Current assets
Debtors		77,918	179,138
Cash at bank and in hand		458,681	546,711
		536,599	725,849
Creditors: Amounts falling due within one year		(496,433)	(695,939)
Net current assets		40,166	29,910
Total assets less current liabilities		42,579	33,895
Accruals and deferred income		(3,602)	(3,603)
Net assets		38,977	30,292
Capital and reserves
Called up share capital	3	2,200	2,200
Profit and loss account		36,777	28,092
Shareholders funds		38,977	30,292

For the year ending 31 March 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 director on 30 November 2016

.........................................
AB Armitage
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

ABA Building Products Limited

Notes to the Abbreviated Accounts

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% per annum reducing balance basis
Motor vehicles	25% per annum reducing balance basis
Office equipment	15% per annum reducing balance basis

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

ABA Building Products Limited

Notes to the Abbreviated Accounts

Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	34,935	34,935
Additions	624	624
Disposals	(23,760)	(23,760)
At 31 March 2016	11,799	11,799
Depreciation
At 1 April 2015	30,950	30,950
Charge for the year	747	747
Eliminated on disposals	(22,311)	(22,311)
At 31 March 2016	9,386	9,386
Net book value
At 31 March 2016	2,413	2,413
At 31 March 2015	3,985	3,985

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000
Ordinary A shares of £1 each	1,000	1,000	1,000	1,000
Ordinary B shares of £1 each	100	100	100	100
Ordinary C shares of £1 each	100	100	100	100
	2,200	2,200	2,200	2,200

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 3