REGISTERED NUMBER: 06728174 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Abumax Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

A W Gardiner

Miss F A Gardiner

M H Gardiner

Mrs B vonTresckow-Gardiner

Registered office:

Acre Accountancy Limited

Unit 2 Foley Works

Hereford

Herefordshire

HR1 2SF

Registered number:

06728174 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

2

116,502

78,633

Investment property

3

328,660

328,660

445,162

407,293

CURRENT ASSETS

Stocks

161,587

203,829

Debtors

62,170

40,128

Cash at bank and in hand

109,933

130,532

333,690

374,489

CREDITORS

Amounts falling due within one year

(331,228

)

(406,406

)

NET CURRENT ASSETS/(LIABILITIES)

2,462

(31,917

)

TOTAL ASSETS LESS CURRENT LIABILITIES

447,624

375,376

CREDITORS

Amounts falling due after more than one year

(24,330

)

(27,073

)

NET ASSETS

423,294

348,303

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

423,284

348,293

SHAREHOLDERS' FUNDS

423,294

348,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 23 December 2016 and were signed on its behalf by:

A W Gardiner - 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 January 2015).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instrument

Financial instruments are classified and accounted for according to the substance of the contractual arrangement.

They are classified 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.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2015

103,566

Additions

47,579

At 31 March 2016

151,145

Depreciation

At 1 April 2015

24,933

Charge for year

9,710

At 31 March 2016

34,643

Net book value

At 31 March 2016

116,502

At 31 March 2015

78,633

3.	INVESTMENT PROPERTY

Total

£

Cost

At 1 April 2015

and 31 March 2016

328,660

Net book value

At 31 March 2016

328,660

At 31 March 2015

328,660

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

10

Ordinary

£1

10

10