Registered Number 05783530

ABUNDANT LIFE LTD

Abbreviated Accounts

29 April 2016

ABUNDANT LIFE LTD Registered Number 05783530

Abbreviated Balance Sheet as at 29 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 199 398
199 398
Current assets
Debtors 507 13,982
Cash at bank and in hand 14,071 22,787
14,578 36,769
Creditors: amounts falling due within one year (466) (3,838)
Net current assets (liabilities) 14,112 32,931
Total assets less current liabilities 14,311 33,329
Provisions for liabilities (40) (80)
Total net assets (liabilities) 14,271 33,249
Capital and reserves
Called up share capital 3 150 150
Profit and loss account 14,121 33,099
Shareholders' funds 14,271 33,249
  • For the year ending 29 April 2016 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 January 2017

And signed on their behalf by:
Dr G Greiss, Director

ABUNDANT LIFE LTD Registered Number 05783530

Notes to the Abbreviated Accounts for the period ended 29 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total fees receivable in the year and derives from the provision of services falling within the company’s ordinary activities.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment (25% straight line)

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Revenue recognition
Revenue is recognised as earned income when, and to the extent that, the company obtains the right to consideration in exchange for services it has provided.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets
£
Cost
At 30 April 2015 1,449
Additions -
Disposals -
Revaluations -
Transfers -
At 29 April 2016 1,449
Depreciation
At 30 April 2015 1,051
Charge for the year 199
On disposals -
At 29 April 2016 1,250
Net book values
At 29 April 2016 199
At 29 April 2015 398
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
60 A Ordinary shares of £1 each 60 60
40 B Ordinary shares of £1 each 40 40
50 C Ordinary shares of £1 each 50 50