Registered Number:
06027972
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended
31 March 2017
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Contents
Description Page
Balance Sheet 3
Notes to the Accounts 4 - 10
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Balance Sheet
NOTES 2017 2016
£ £ £ £ £ £
Non-current Assets
Intangible Assets 2 67,275 78,975
Tangible Assets 3 8,842 5,858
76,117 84,833
Current Assets
Stock 88,171 83,803
Trade Debtors 286,923 238,295
Bank & Cash in hand 18,049 16,154
Prepayments 4 3,374 5,236
396,517 343,488
Liabilities : Amounts falling due within one year
Trade Creditors 254,467 192,206
Other Creditors 5 66,249 83,717
Accruals 6 1,453 1,397
322,169 277,321
Net Current Assets 74,348 66,168
Liabilities : Amounts falling due over one year
Director Loans 66,733 72,782
66,733 72,782
Provisions for Liabilities & Charges
Deferred Taxation 1,768 1,172
1,768 1,172
TOTAL NET ASSETS 81,964 77,047
Capital
Ordinary Shares 100 100
Reserves 76,948 49,485
Profit & Loss Account 4,916 27,462
Shareholder's Funds 81,964 77,047
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Balance Sheet (Continued...)
For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
Members have not required the company to obtain an audit in accordance with section 476 of the act.
The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller entities (effective April 2008)
ON BEHALF OF THE BOARD:
J. R. Edgar
Director
Approved Date: 26/07/2017
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
1 ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated).
Turnover
The turnover shown in the net profit and loss account represents the amounts invoiced during the period, net of VAT.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that assets as follows;
Goodwill - 10 Year Straight Line
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows;
Plant & Machinery - 25% Reducing Balance
Office Equipment - 3 Year Straight Line
Fixtures & Fittings - 5 Year Straight Line
Motor Vehicles - 20% Reducing Balance
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
ACCOUNTING POLICIES (Continued)
Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to pay less tax, or a right to received repayments of tax.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
2 INTANGIBLE FIXED ASSETS
TOTAL
£
COST
As at the 01 April 2016 117,000
Additions -
Disposals -
As at the 31 March 2017 117,000
AMORTISATION
As at the 01 April 2016 38,025
Charge in the year 11,700
Charge on Disposals -
As at the 31 March 2017 49,725
NET BOOK VALUE
As at the 31 March 2017 67,275
As at the 01 April 2016 78,975
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
3 TANGIBLE FIXED ASSET REGISTER
TOTAL
COST £
As at the 01 April 2016 24,978
Additions 5,862
Disposals -
As at the 31 March 2017 30,841
DEPRECIATION
As at the 01 April 2016 19,121
Charge for the period 3,945
On disposals 1,066
As at the 31 March 2017 21,999
NET BOOK VALUE
As at the 31 March 2017 8,842
As at the 01 April 2016 5,858
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
4 SHARE CAPITAL
Allotted issued & fully paid :
Class Value Number 2017 2016
£ £ £
Ordinary 1 100 100 100
100 100
AB COMPONENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 March 2017
Notes to the Accounts
5 TRANSACTIONS WITH DIRECTORS
During the year a loan account existed between the company and the directors. The balance payable by the company at the 31 March 2017.
2017 2016
£ £
J. R. Edgar 66,733 72,782
66,733 72,782
6 RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2017
£
Profit / Loss for the financial year 4,916
Net addition to shareholders' funds 4,916
Opening Shareholders' funds 77,047
Closing Shareholders' funds 81,963
Equity Interests 81,963
7 ULTIMATE CONTROLLING PARTY
Mr J. Edgar is considered to be the ultimate controlling party by virtue of him holding 100% of the issued share capital.
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