1 September 2016 false No description of principal activity Taxfiler 2018.4.Web 07350405business:PrivateLimitedCompanyLtd2016-09-012017-08-31 073504052016-08-31 073504052016-09-012017-08-31 07350405business:AuditExemptWithAccountantsReport2016-09-012017-08-31 07350405business:FullAccounts2016-09-012017-08-31 073504052017-08-31 07350405business:Director12016-09-012017-08-31 07350405business:Director22016-09-012017-08-31 07350405business:RegisteredOffice2016-09-012017-08-31 073504052016-08-31 07350405core:WithinOneYear2017-08-31 07350405core:WithinOneYear2016-08-31 07350405core:ShareCapital2017-08-31 07350405core:ShareCapital2016-08-31 07350405core:RetainedEarningsAccumulatedLosses2017-08-31 07350405core:RetainedEarningsAccumulatedLosses2016-08-31 07350405business:SmallEntities2016-09-012017-08-31 07350405countries:EnglandWales2016-09-012017-08-31 07350405core:PlantMachinery2016-09-012017-08-31 07350405core:MotorVehicles2016-09-012017-08-31 07350405core:PlantMachinery2016-08-31 07350405core:MotorVehicles2016-08-31 07350405core:PlantMachinery2017-08-31 07350405core:MotorVehicles2017-08-31 07350405business:Director112016-09-012017-08-31 07350405business:Director112016-08-31 07350405business:Director112017-08-31 07350405business:Director222016-09-012017-08-31 07350405business:Director222016-08-31 07350405business:Director222017-08-31 073504052015-09-012016-08-31 iso4217:GBP xbrli:pure
Company Registration No. 07350405 (England and Wales)
ABCOMPLETE LTD Unaudited accounts for the year ended 31 August 2017
ABCOMPLETE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ABCOMPLETE LTD Company Information for the year ended 31 August 2017
Directors
Mrs Alison Beddoes Mr Andrew Beddoes
Company Number
07350405 (England and Wales)
Registered Office
14 Josend Crescent Tirley Gloucester GL19 4EX
Accountants
The Practice - Chartered Management Accountants 7 The Southend Ledbury Herefordshire HR8 2EY
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ABCOMPLETE LTD Statement of financial position as at 31 August 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
9 
728 
Current assets
Debtors
5
4,079 
15,112 
Cash at bank and in hand
2,792 
2,620 
6,871 
17,732 
Creditors: amounts falling due within one year
6
(8,801)
(18,170)
Net current liabilities
(1,930)
(438)
Net (liabilities)/assets
(1,921)
290 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,923)
288 
Shareholders' funds
(1,921)
290 
For the year ending 31 August 2017 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 May 2018.
Mr Andrew Beddoes Director Company Registration No. 07350405
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ABCOMPLETE LTD Notes to the Accounts for the year ended 31 August 2017
1
Statutory information
ABCOMPLETE LTD is a private company, limited by shares, registered in England and Wales, registration number 07350405. The registered office is 14 Josend Crescent, Tirley, Gloucester, GL19 4EX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20 % Straight Line Method
Motor vehicles
20 % Straight Line Method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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ABCOMPLETE LTD Notes to the Accounts for the year ended 31 August 2017
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2016
3,460 
9,376 
12,836 
At 31 August 2017
3,460 
9,376 
12,836 
Depreciation
At 1 September 2016
3,454 
8,654 
12,108 
Charge for the year
- 
719 
719 
At 31 August 2017
3,454 
9,373 
12,827 
Net book value
At 31 August 2017
6 
3 
9 
At 31 August 2016
6 
722 
728 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
4,079 
1,901 
Other debtors
- 
13,211 
4,079 
15,112 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
- 
7,020 
Taxes and social security
8,561 
11,150 
Accrued preference dividends
240 
- 
8,801 
18,170 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs Alison Beddoes
Loan
6,606 
- 
6,606 
- 
Mr Andrew Beddoes
Loan
6,606 
- 
6,606 
- 
13,212 
- 
13,212 
- 
8
Transactions with related parties
Loans From Directors Mr A Beddoes £112 (2016 £0) Mrs A Beddoes £128 (2016 £0)
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ABCOMPLETE LTD Notes to the Accounts for the year ended 31 August 2017
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
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