Abbreviated Company Accounts - ABBASIAN & CO LTD

04855143 ABBASIAN & CO LTD 2016-08-31 false 2015-09-01 2016-08-31 true 04855143 2015-09-01 2016-08-31 04855143 2016-08-31 04855143 2015-08-31 04855143 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 04855143 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-08-31 iso4217:GBP shares

Registered Number 04855143

ABBASIAN & CO LTD

Abbreviated Accounts

31 August 2016

ABBASIAN & CO LTD Registered Number 04855143

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,137	100
		1,137	100
Current assets
Cash at bank and in hand		21,209	18,172
		21,209	18,172
Creditors: amounts falling due within one year		(9,197)	(7,744)
Net current assets (liabilities)		12,012	10,428
Total assets less current liabilities		13,149	10,528
Provisions for liabilities		(227)	(20)
Total net assets (liabilities)		12,922	10,508
Capital and reserves
Called up share capital	3	115	115
Profit and loss account		12,807	10,393
Shareholders' funds		12,922	10,508

For the year ending 31 August 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 20 February 2017

And signed on their behalf by:
DR C ABBASIAN, Director

ABBASIAN & CO LTD Registered Number 04855143

Notes to the Abbreviated Accounts for the period ended 31 August 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 firm obtains the right to consideration in exchange for goods and 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 1 September 2015	3,824
Additions	1,449
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	5,273
Depreciation
At 1 September 2015	3,724
Charge for the year	412
On disposals	-
At 31 August 2016	4,136
Net book values
At 31 August 2016	1,137
At 31 August 2015	100

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 A Ordinary shares of £1 each	100	100
15 B Ordinary shares of £1 each	15	15