Abcoe Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		2,497		3,522

			2,497		3,522
CURRENT ASSETS
Stocks		6,500		8,000
Debtors		51,544		60,769
Cash at bank and in hand		153,187		149,369

		211,231		218,138
Creditors: Amounts Falling Due Within One Year		(99,222 )		(91,950 )

NET CURRENT ASSETS (LIABILITIES)			112,009		126,188

TOTAL ASSETS LESS CURRENT LIABILITIES			114,506		129,710

NET ASSETS			114,506		129,710

CAPITAL AND RESERVES
Called up share capital	4		2		2
Profit and Loss Account			114,504		129,708

SHAREHOLDERS' FUNDS			114,506		129,710

Abcoe Limited

Company No. 4684861

Abbreviated Balance Sheet (continued) 31 March 2016

For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Leslie Pascoe	Mr Keith Abbott
9th December 2016

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

1.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2. Intangible Assets


	Total
Cost	£
As at 1 April 2015	30,000

As at 31 March 2016	30,000

Amortisation
As at 1 April 2015	30,000

As at 31 March 2016	30,000

Net Book Value
As at 31 March 2016	-

As at 1 April 2015	-

Page 2

Abcoe Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2016

3. Tangible Assets


	Total
Cost	£
As at 1 April 2015	51,465

As at 31 March 2016	51,465

Depreciation
As at 1 April 2015	47,943
Provided during the period	1,025

As at 31 March 2016	48,968

Net Book Value
As at 31 March 2016	2,497

As at 1 April 2015	3,522

4. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

5. Transactions With and Loans to Directors

Dividends paid during the period under review were to the company's directors, by way of their shareholdings in the company.