Registered Number 06343470


Abbreviated Accounts

31 December 2012

ABBEYCROFT SOLUTIONS LTD Registered Number 06343470

Abbreviated Balance Sheet as at 31 December 2012

Notes 31/12/2012 31/08/2012
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 - 3,267
- 3,267
Current assets
Stocks - -
Debtors - 1,868
Investments - -
Cash at bank and in hand - 2,991
- 4,859
Prepayments and accrued income - -
Creditors: amounts falling due within one year (7,567) (12,275)
Net current assets (liabilities) (7,567) (7,416)
Total assets less current liabilities (7,567) (4,149)
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 (654)
Total net assets (liabilities) (7,567) (4,803)
Capital and reserves
Called up share capital 1 1
Profit and loss account (7,568) (4,804)
Shareholders' funds (7,567) (4,803)
  • For the year ending 31 December 2012 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 14 October 2013

And signed on their behalf by:
Justin Woolliscroft, Director

ABBEYCROFT SOLUTIONS LTD Registered Number 06343470

Notes to the Abbreviated Accounts for the period ended 31 December 2012

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 total invoice value of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

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, fittings and equipment - 20% reducing balance

Other accounting policies
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:

Provision is made for tax on gains arising from the revaluation ( and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets,only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provisiion is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold;

Provision is made dor deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable;

Deferred tax assets are recognised only to the extent that the directors consider taht 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 sustantively enacted at the balance sheet date.

2Tangible fixed assets
At 1 September 2012 5,733
Additions -
Disposals (5,733)
Revaluations -
Transfers -
At 31 December 2012 0
At 1 September 2012 2,466
Charge for the year 218
On disposals (2,684)
At 31 December 2012 0
Net book values
At 31 December 2012 0
At 31 August 2012 3,267