REGISTERED NUMBER: 07227877 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abisol Consultants Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr G A Oluwande

Mrs I A Oluwande

SECRETARY:

Mrs I A Oluwande

REGISTERED OFFICE:

2 Haysoms Drive

Greenham

Newbury

Berkshire

RG19 8EY

REGISTERED NUMBER:

07227877 (England and Wales)

ACCOUNTANTS:

Northover & Co Accountants Ltd

132A Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

4

73

119

CURRENT ASSETS

Debtors

141,460

34,367

Cash at bank

150,549

157,346

292,009

191,713

CREDITORS

Amounts falling due within one year

29,523

17,357

NET CURRENT ASSETS

262,486

174,356

TOTAL ASSETS LESS CURRENT LIABILITIES

262,559

174,475

PROVISIONS FOR LIABILITIES

5

-

24

NET ASSETS

262,559

174,451

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

262,549

174,441

SHAREHOLDERS' FUNDS

262,559

174,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 December 2017 and were signed on its behalf by:

Dr G A Oluwande - Director

1.	STATUTORY INFORMATION

Abisol Consultants Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The transition to FRS 102 Section 1A has not led to any changes in accounting policy at this time.

Turnover

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

All sales are made within Nigeria and the UK.

Tangible fixed assets

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

Office equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

692

Additions

97

At 31 March 2017

789

DEPRECIATION

At 1 April 2016

573

Charge for year

143

At 31 March 2017

716

NET BOOK VALUE

At 31 March 2017

73

At 31 March 2016

119

5.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

-

24

Deferred

tax

£

Balance at 1 April 2016

24

movement during the year

Balance at 31 March 2017

24

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

10

Ordinary

£1

10

10

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2017 and

the period ended 31 March 2016:

2017

2016

£

£

Dr G A Oluwande and Mrs I A Oluwande

Balance outstanding at start of year

24,594

-

Amounts advanced

133,380

24,594

Amounts repaid

(24,594

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

133,380

24,594