Absis Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06400066 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2016

for

ABSIS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

KMD Rossi

REGISTERED OFFICE:

19 Longlands Avenue

Coulsdon

Surrey

CR5 2QY

REGISTERED NUMBER:

06400066 (England and Wales)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

2

167

223

CURRENT ASSETS

Debtors

10,800

13,920

Cash at bank

31,583

44,808

42,383

58,728

CREDITORS

Amounts falling due within one year

16,317

29,032

NET CURRENT ASSETS

26,066

29,696

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,233

29,919

CAPITAL AND RESERVES

Called up share capital

3

6

Profit and loss account

26,227

29,913

SHAREHOLDERS' FUNDS

26,233

29,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 April 2017 and were signed by:

KMD Rossi - 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 January 2015).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax due to timing differences is immaterial and therefore not recognised.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

670

DEPRECIATION

At 1 November 2015

447

Charge for year

56

At 31 October 2016

503

NET BOOK VALUE

At 31 October 2016

167

At 31 October 2015

223

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

6

Ordinary

£1

6

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £49,400 (2015 - £69,706) were paid to the director .

The company was under the control of the director, KMD Rossi throughout the current and previous

year.

During the year the director made net payments on behalf of the company totalling £37. As at 31

October 2016 included within other creditors is an outstanding balance of £2,840 (2015 - £2,803) in

respect of directors loan. No interest was paid on this loan.

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 October 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.