Registered Number 06951863

ABRIDGE LIMITED

Abbreviated Accounts

31 July 2016

ABRIDGE LIMITED Registered Number 06951863

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,803 1,946
1,803 1,946
Current assets
Stocks 2,200 2,100
Debtors 4,758 4,103
Cash at bank and in hand 29,499 11,730
36,457 17,933
Creditors: amounts falling due within one year (36,714) (39,097)
Net current assets (liabilities) (257) (21,164)
Total assets less current liabilities 1,546 (19,218)
Total net assets (liabilities) 1,546 (19,218)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 1,446 (19,318)
Shareholders' funds 1,546 (19,218)
  • For the year ending 31 July 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 21 April 2017

And signed on their behalf by:
R Chopra, Director

ABRIDGE LIMITED Registered Number 06951863

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% reducing balance method

Valuation information and policy
All fixed assets are initially recorded at cost.

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets
£
Cost
At 1 August 2015 4,589
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 4,589
Depreciation
At 1 August 2015 2,643
Charge for the year 143
On disposals -
At 31 July 2016 2,786
Net book values
At 31 July 2016 1,803
At 31 July 2015 1,946
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100

The company was under the control of Rajinder Chopra throughout the year. He owns 100% of the issued Ordinary Share Capital throughout the year.