Registered Number 06602207

ABHIV IT SOLUTIONS LTD

Abbreviated Accounts

31 May 2016

ABHIV IT SOLUTIONS LTD Registered Number 06602207

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,048 1,397
1,048 1,397
Current assets
Debtors 1,904 1,440
Cash at bank and in hand 9,886 8,151
11,790 9,591
Creditors: amounts falling due within one year (12,836) (10,986)
Net current assets (liabilities) (1,046) (1,395)
Total assets less current liabilities 2 2
Total net assets (liabilities) 2 2
Capital and reserves
Called up share capital 2 2
Profit and loss account 0 0
Shareholders' funds 2 2
  • For the year ending 31 May 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 7 December 2016

And signed on their behalf by:
Ram Bahadur Singh, Director

ABHIV IT SOLUTIONS LTD Registered Number 06602207

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of services/sales rendered during the year in the UK
excluding value added tax.

Tangible assets depreciation policy
Fixed assets are stated at cost or valuation less depreciation. Depreciation
is provided at rates calculated to write off the cost of valuation of fixed assets,
less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicle,Plant & Equipment and Fixtures & Fittings - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2015 3,313
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 3,313
Depreciation
At 1 June 2015 1,916
Charge for the year 349
On disposals -
At 31 May 2016 2,265
Net book values
At 31 May 2016 1,048
At 31 May 2015 1,397