REGISTERED NUMBER: 05992825 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2016

for

Abel Photo Specialist Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Abel

REGISTERED OFFICE:

27 Dairyman Close

London

London

NW2 1EP

REGISTERED NUMBER:

05992825 (England and Wales)

ACCOUNTANTS:

AS Associates

Chartered Certified Accountants

11A

Empire Parade

Empire way

Wembley

Middlesex

HA9 0RQ

FIXED ASSETS

Tangible assets

2

24,911

31,156

CURRENT ASSETS

Stocks

12,715

12,061

Cash at bank and in hand

20,920

16,753

33,635

28,814

CREDITORS

Amounts falling due within one year

57,158

59,383

NET CURRENT LIABILITIES

(23,523

)

(30,569

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,388

587

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,288

487

SHAREHOLDERS' FUNDS

1,388

587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 August 2017 and were signed by:

J Abel - 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.

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

125,567

DEPRECIATION

At 1 December 2015

94,411

Charge for year

6,245

At 30 November 2016

100,656

NET BOOK VALUE

At 30 November 2016

24,911

At 30 November 2015

31,156

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

100

ordinary

1

100

100