Abcot U.K. Limited Small abbreviated accounts

COMPANY REGISTRATION NUMBER 03397480

ABCOT U.K. LIMITED

ABBREVIATED ACCOUNTS

FOR

30 June 2016

CHOWDHARY & CO

Chartered Accountants

46 Syon Lane

Osterley

Middlesex

TW7 5NQ

ABCOT U.K. LIMITED

ABBREVIATED BALANCE SHEET

30 June 2016

		2016		2015
Note		£	£	£	£
FIXED ASSETS	2
Tangible assets			31,738		42,317

CURRENT ASSETS

Stocks	875,500		829,550
Debtors	131,930		96,647
Investments	110,620		110,620
Cash at bank and in hand	268,689		193,061
	-------------		-------------
	1,386,739		1,229,878
CREDITORS: Amounts falling due within one year	288,081		378,407
	-------------		-------------
NET CURRENT ASSETS		1,098,658		851,471
		-------------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES		1,130,396		893,788
		-------------		----------

CAPITAL AND RESERVES

Called up equity share capital	4	500	500
Profit and loss account		1,129,896	893,288
		-------------	----------
SHAREHOLDERS' FUNDS		1,130,396	893,788
		-------------	----------

For the year ended 30th June 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- 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 special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 31 March 2017 .

Mr B S Nagi

Company Registration Number: 03397480

ABCOT U.K. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30TH JUNE 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor Vehicles-25% Reducing Balance Basis

Fixtures, Fittings & Equipment-25% Reducing Balance Basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1st July 2015 and 30th June 2016	134,035
	----------

DEPRECIATION

At 1st July 2015	91,718
Charge for year	10,579
	----------
At 30th June 2016	102,297
	----------

NET BOOK VALUE

At 30th June 2016	31,738
	---------

At 30th June 2015	42,317
	---------

3. RELATED PARTY TRANSACTIONS

The company was under the control of Mr B S Nagi throughout the current period. Mr B S Nagi is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

4. SHARE CAPITAL

Authorised share capital:

	2016	2015
	£	£
1,000 Ordinary shares of £ 1 each	1,000	1,000
1,000 Ordinary "B" shares of £ 1 each	1,000	1,000
1,000 Ordinary "C" shares of £ 1 each	1,000	1,000
1,000 Ordinary "D" shares of £ 1 each	1,000	1,000

1,000 Ordinary "E" shares of £ 1 each	1,000	1,000
	-------	-------
	5,000	5,000
	-------	-------

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
Ordinary "B" shares of £ 1 each	100	100	100	100
Ordinary "C" shares of £ 1 each	100	100	100	100

Ordinary "D" shares of £ 1 each	100	100	100	100
Ordinary "E" shares of £ 1 each	100	100	100	100
	----	----	----	----
	500	500	500	500
	----	----	----	----