ABASI CONSULTING LTD

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		870		1,160

			870		1,160
CURRENT ASSETS
Cash at bank and in hand		114,309		57,477

		114,309		57,477
Creditors: Amounts Falling Due Within One Year		(72,554 )		(19,236 )

NET CURRENT ASSETS (LIABILITIES)			41,755		38,241

TOTAL ASSETS LESS CURRENT LIABILITIES			42,625		39,401

NET ASSETS			42,625		39,401

CAPITAL AND RESERVES
Called up share capital	3		2		2
Profit and Loss Account			42,623		39,399

SHAREHOLDERS' FUNDS			42,625		39,401

For the year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Dr LEONARD BASSEY

01/11/2016

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25%

2. Tangible Assets


	Total
Cost	£
As at 1 October 2015	2,500

As at 30 September 2016	2,500

Depreciation
As at 1 October 2015	1,340
Provided during the period	290

As at 30 September 2016	1,630

Net Book Value
As at 30 September 2016	870

As at 1 October 2015	1,160

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

4. Transactions With and Loans to Directors

Dividends paid to directors

5. Ultimate Controlling Party

The company's ultimate controlling party is Dr Leonard Bernard Bassey by virtue of his ownership of 100% of the issued share capital in the company.