Abbreviated Company Accounts

04395868 ABSCO LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04395868 2015-04-01 2016-03-31 04395868 2016-03-31 04395868 2015-03-31 04395868 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04395868 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04395868

ABSCO LIMITED

Abbreviated Accounts

31 March 2016

ABSCO LIMITED Registered Number 04395868

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,265	1,334
		1,265	1,334
Current assets
Stocks		53,901	46,719
Debtors		54,748	105,591
Cash at bank and in hand		1,425,525	1,407,295
		1,534,174	1,559,605
Creditors: amounts falling due within one year		(49,259)	(98,061)
Net current assets (liabilities)		1,484,915	1,461,544
Total assets less current liabilities		1,486,180	1,462,878
Provisions for liabilities		(253)	(267)
Total net assets (liabilities)		1,485,927	1,462,611
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,485,827	1,462,511
Shareholders' funds		1,485,927	1,462,611

For the year ending 31 March 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 8 November 2016

And signed on their behalf by:
A R J Bayley, Director

ABSCO LIMITED Registered Number 04395868

Notes to the Abbreviated Accounts for the period ended 31 March 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 January 2015

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made and commissions earned during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fitting and equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	1,779
Additions	319
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,098
Depreciation
At 1 April 2015	445
Charge for the year	388
On disposals	-
At 31 March 2016	833
Net book values
At 31 March 2016	1,265
At 31 March 2015	1,334

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100