AB Controls Ltd. - Filleted accounts

Registered number

SC340493

AB Controls Ltd.

Unaudited Filleted Accounts

31 March 2017

AB Controls Ltd.
Registered number:		SC340493
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		816			1,346

Current assets
Debtors	3	1,000			7,791
Cash at bank and in hand		41,359			34,849
		42,359			42,640

Creditors: amounts falling due within one year	4	(23,590)			(21,043)

Net current assets			18,769			21,597

Net assets			19,585			22,943

Capital and reserves
Called up share capital			100			100
Profit and loss account			19,485			22,843

Shareholder's funds			19,585			22,943

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Alexander Busby Buchanan
Director
Approved by the board on 21 December 2017

AB Controls Ltd.
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover - Services
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	33% Straight line
	Office equipment	20% Straight line

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Tangible fixed assets
					Equipment
£
	Cost
	At 1 April 2016				3,350
	At 31 March 2017				3,350

	Depreciation
	At 1 April 2016				2,004
	Charge for the year				530
	At 31 March 2017				2,534

	Net book value
	At 31 March 2017				816
	At 31 March 2016				1,346


3	Debtors		2017		2016
£				£

	Trade debtors		-		6,791
	Other debtors		1,000		1,000
			1,000		7,791


4	Creditors: amounts falling due within one year		2017		2016
£				£

	Corporation tax		10,445		10,373
	Other taxes and social security costs		12,895		10,670
	Other creditors		250		-
			23,590		21,043


5	Controlling party

	The company is controlled by Alexander Busby Buchanan by virtue of his 100% shareholding.


6	Other information

	AB Controls Ltd. is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Flat 2/2
	281 Kenmure Street
	Glasgow
	G41 2QX