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Registration number: 06959005

Abulters Ltd

Director's Report and Unaudited Financial Statements

for the Year Ended 31 January 2014
 

Broadhead Accountants Limited

 

Abulters Ltd
Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5 to 6

 

Abulters Ltd
Company Information

Director

Mrs Anne Trinder

Registered office

Suite 402
Britannia House
1-11 Glenthorne Road
London
W6 0LH

Page 1

 

Abulters Ltd
Director's Report for the Year Ended 31 January 2014

The director presents her report and the unaudited financial statements for the year ended 31 January 2014.

Director of the company

The director who held office during the year was as follows:

Mrs Anne Trinder

Principal activity

The principal activity of the company is providing project management consultancy services .

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 30 March 2014 and signed on its behalf by:

.........................................
Mrs Anne Trinder
Director

Page 2

 

Abulters Ltd
Profit and Loss Account for the Year Ended 31 January 2014

 

Note

    

2014
£

    

2013
£

  

Turnover

  

   

54,000

   

29,568

 

Administrative expenses

  

   

(4,604)

   

(9,802)

 

Operating profit

  

   

49,396

   

19,766

 

Interest payable and similar charges

  

   

(13)

   

-

  

Profit on ordinary activities before taxation

  

   

49,383

   

19,766

 

Tax on profit on ordinary activities

  

3

   

(9,877)

   

(3,953)

 

Profit for the financial year

  

7

   

39,506

   

15,813

 

The company has no recognised gains or losses for the year other than the results above.

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 3

 

Abulters Ltd
(Registration number: 06959005)
Balance Sheet at 31 January 2014

 

Note

    

2014
£

    

2013
£

  

Current assets

  

   

   

 

Cash at bank and in hand

  

   

39,947

   

14,866

 

Creditors: Amounts falling due within one year

  

4

   

(27,947)

   

(13,263)

 

Net assets

  

   

12,000

   

1,603

 

Capital and reserves

  

   

   

 

Called up share capital

 

5

   

1,000

   

1,000

 

Profit and loss account

  

7

   

11,000

   

603

 

Shareholders' funds

  

   

12,000

   

1,603

 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the director on 30 March 2014

.........................................
Mrs Anne Trinder
Director

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 4

 

Abulters Ltd
Notes to the Financial Statements for the Year Ended 31 January 2014
......... continued

1

Accounting policies

Basis of preparation

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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Director's remuneration

The director's remuneration for the year was as follows:

 

2014
£

    

2013
£

  

 

   

 

Remuneration

  

3,136

   

7,419

 

3

Taxation

Tax on profit on ordinary activities

 

2014
£

    

2013
£

  

Current tax

  

   

 

Corporation tax charge

  

9,877

   

3,953

 

Page 5

 

Abulters Ltd
Notes to the Financial Statements for the Year Ended 31 January 2014
......... continued

4

Creditors: Amounts falling due within one year

 

2014
£

    

2013
£

  

 

   

 

Trade creditors

  

780

   

780

 

Corporation tax

  

9,877

   

3,953

 

Other creditors

  

17,290

   

8,530

 

 

27,947

   

13,263

 

5

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary share of £1 each

 

1,000

   

1,000

   

1,000

   

1,000

 
                         

6

Dividends

 

2014
£

    

2013
£

  

Dividends paid

  

   

 

Current year interim dividend paid

  

29,109

   

27,000

 

7

Reserves

 

Profit and loss account
£

    

Total
£

  

 

   

 

At 1 February 2013

  

603

    

603

  

 

   

 

Profit for the year

  

39,506

    

39,506

 

Dividends

  

(29,109)

   

(29,109)

 

At 31 January 2014

  

11,000

    

11,000

  

Page 6