Abeja Limited - Filleted accounts

Registered number

05361576

Abeja Limited

Filleted Accounts

31 March 2017

Abeja Limited
Registered number:		05361576
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	3		1,372			1,850

Current assets
Debtors	4	4,945			6,080
Cash at bank and in hand		1,896			7,628
		6,841			13,708

Creditors: amounts falling due within one year	5	(7,533)			(13,122)

Net current (liabilities)/assets			(692)			586

Net assets			680			2,436

Capital and reserves
Called up share capital			1			1
Profit and loss account			679			2,435

Shareholders' funds			680			2,436

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Highfield
Director
Approved by the board on 8 September 2017

Abeja Limited
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	33% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2016				500
	At 31 March 2017				500

	Amortisation
	At 1 April 2016				500
	At 31 March 2017				500

	Net book value
	At 31 March 2017				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2016				11,668
	Additions				198
	At 31 March 2017				11,866

	Depreciation
	At 1 April 2016				9,818
	Charge for the year				676
	At 31 March 2017				10,494

	Net book value
	At 31 March 2017				1,372
	At 31 March 2016				1,850


4	Debtors		2017		2016
£				£

	Trade debtors		-		5,280
	Other debtors		4,945		800
			4,945		6,080


5	Creditors: amounts falling due within one year		2017		2016
£				£

	Corporation tax		605		2,779
	Other taxes and social security costs		816		2,438
	Other creditors		6,112		7,905
			7,533		13,122


6	Controlling party

	The ultimate controlling party is the director by virtue of her shareholding.


7	Other information

	Abeja Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Sandon Road
	Cheshunt
	Waltham Cross
	Hertfordshire
	EN8 9RB