REGISTERED NUMBER: 03165833 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abfad Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Fada

C S Haritou

REGISTERED OFFICE:

8 Teal Farm Way

Teal Farm Park

Washington

Tyne and Wear

NE38 8BG

REGISTERED NUMBER:

03165833 (England and Wales)

ACCOUNTANTS:

Aidos Accounting Limited

Suite 2 Rauter House

Sybron Way

Jarvis Brook

Crowborough

East Sussex

TN6 3DZ

FIXED ASSETS

Tangible assets

4

34,619

51,928

CURRENT ASSETS

Stocks

20,000

26,000

Debtors

5

36,360

69,420

Cash at bank

114,808

139,961

171,168

235,381

CREDITORS

Amounts falling due within one year

6

164,940

247,314

NET CURRENT ASSETS/(LIABILITIES)

6,228

(11,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,847

39,995

CAPITAL AND RESERVES

Called up share capital

201

201

Share premium

31,500

31,500

Retained earnings

9,146

8,294

SHAREHOLDERS' FUNDS

40,847

39,995

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.

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 13 December 2017 and were signed on its behalf by:

C S Haritou - Director

A Fada - Director

1.	STATUTORY INFORMATION

Abfad Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

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

for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

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

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

281,274

DEPRECIATION

At 1 April 2016

229,346

Charge for year

17,309

At 31 March 2017

246,655

NET BOOK VALUE

At 31 March 2017

34,619

At 31 March 2016

51,928

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

36,360

69,420

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

2,728

9,212

Trade creditors

34,462

41,947

Taxation and social security

18,862

16,376

Other creditors

108,888

179,779

164,940

247,314

7.	RELATED PARTY DISCLOSURES

The amount due to the Directors at the Balance Sheet date is £70,495