Ab23 E-tailers Ltd - Limited company - abbreviated

REGISTERED NUMBER: SC359056 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Ab23 E-tailers Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

L H A Belsher

SECRETARY:

Eac (Secretaries) Limited

REGISTERED OFFICE:

20 Rosehill Drive

Aberdeen

Scotland

AB24 4JH

REGISTERED NUMBER:

SC359056 (Scotland)

ACCOUNTANTS:

Keltic Accounting Limited

Crichiebank Business Centre

Mill Road

Port Elphinstone

Inverurie

Aberdeenshire

AB51 5NQ

CURRENT ASSETS

Stocks

-

363

Debtors

331

-

Cash at bank

357

5,633

688

5,996

CREDITORS

Amounts falling due within one year

941

3,319

NET CURRENT (LIABILITIES)/ASSETS

(253

)

2,677

TOTAL ASSETS LESS CURRENT
LIABILITIES

(253

)

2,677

ACCRUALS AND DEFERRED INCOME

720

NET (LIABILITIES)/ASSETS

(973

)

1,957

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(1,073

)

1,857

SHAREHOLDERS' FUNDS

(973

)

1,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 27 February 2015 and were signed by:

L H A Belsher - 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 April 2008).

Turnover

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

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised at the point of

sale to the customer.

Stocks

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

moving items.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

100

Ordinary

£1.00

100

3.	RELATED PARTY DISCLOSURES

The company owed the Director Mr L Belsher £941.00 at the balance sheet date.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 May 2014 set out on pages nil to one and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.