Company Registration No. 05097262 (England and Wales)
ABIDE CONSULTING LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
ABIDE CONSULTING LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABIDE CONSULTING LTD
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
426
1,576
Current assets
Debtors
1,102
521
Cash at bank and in hand
9,015
9,455
10,117
9,976
Creditors: amounts falling due within one year
(5,595)
(3,128)
Net current assets
4,522
6,848
Total assets less current liabilities
4,948
8,424
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
4,848
8,324
Shareholders' funds
4,948
8,424
For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 August 2015
Mr G Crompton
Director
Company Registration No. 05097262
ABIDE CONSULTING LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
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
33.3% Straight Line
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2014 & at 31 May 2015
7,146
Depreciation
At 1 June 2014
5,570
Charge for the year
1,150
At 31 May 2015
6,720
Net book value
At 31 May 2015
426
At 31 May 2014
1,576
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100