ABF Europe Limited - Limited company - abbreviated

REGISTERED NUMBER: 03998389

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2014

FOR

ABF EUROPE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D L Buttle

M A Prendergast

SECRETARY:

D L Buttle

REGISTERED OFFICE:

Goughs Yard

Moore Lane

Hunsingore

Wetherby

North Yorkshire

LS22 5HZ

REGISTERED NUMBER:

03998389

ACCOUNTANTS:

Hansons

St Oswald House

St Oswald Street

Castleford

West Yorkshire

WF10 1DH

FIXED ASSETS

Tangible assets

2

12,632

9,723

CURRENT ASSETS

Stocks

65,337

51,299

Debtors

385,362

428,839

Cash at bank and in hand

1,419

623

452,118

480,761

CREDITORS

Amounts falling due within one year

316,030

290,881

NET CURRENT ASSETS

136,088

189,880

TOTAL ASSETS LESS CURRENT
LIABILITIES

148,720

199,603

CREDITORS

Amounts falling due after more than one
year

(69,500

)

(86,667

)

PROVISIONS FOR LIABILITIES

(1,492

)

-

NET ASSETS

77,728

112,936

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

76,728

111,936

SHAREHOLDERS' FUNDS

77,728

112,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10th August 2015 and were signed on its behalf
by:

M A Prendergast - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks

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

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2013

47,706

Additions

7,351

At 30th November 2014

55,057

DEPRECIATION

At 1st December 2013

37,983

Charge for year

4,442

At 30th November 2014

42,425

NET BOOK VALUE

At 30th November 2014

12,632

At 30th November 2013

9,723

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

900

A Ordinary

£1

900

100

B Ordinary

£1

100

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2014 and

30th November 2013:

2014

2013

£

D L Buttle

Balance outstanding at start of year

26,800

34,708

Amounts advanced

36,430

-

Amounts repaid

(30,000

)

(7,908

)

Balance outstanding at end of year

33,230

26,800

M A Prendergast

Balance outstanding at start of year

5,039

-

Amounts advanced

36,974

5,039

Amounts repaid

(30,000

)

-

Balance outstanding at end of year

12,013

5,039

No interest is charged in respect of this amount and there is no fixed term for repayment.