ABS (Nationwide) Ltd

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 06472295

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		1		1

			1		1
CURRENT ASSETS
Debtors	7	46,290		30,101
Cash at bank and in hand		596		13,812

		46,886		43,913
Creditors: Amounts Falling Due Within One Year	8	(44,148 )		(32,243 )

NET CURRENT ASSETS (LIABILITIES)			2,738		11,670

TOTAL ASSETS LESS CURRENT LIABILITIES			2,739		11,671

NET ASSETS			2,739		11,671

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and loss account			2,639		11,571

SHAREHOLDERS' FUNDS			2,739		11,671

Page 1

Balance Sheet (continued)

As at 31 January 2017

For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mrs Helen Bevan

17/10/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 February 2015	100	7,990	8,090
Profit for the year and total comprehensive income	-	3,581	3,581

As at 31 January 2016 and 1 February 2016	100	11,571	11,671


Loss for the year and total comprehensive income	-	(8,932 )	(8,932)

As at 31 January 2017	100	2,639	2,739

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 adjusted if necessary for deferred or accrued income. The company is not registered for VAT.

1.3. 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:

Computer Equipment

33.33% Straight Line

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Sales, marketing and distribution	1	-

	1	-

6. Tangible Assets


	Computer Equipment
	£
Cost
As at 1 February 2016	2,400

As at 31 January 2017	2,400

Depreciation
As at 1 February 2016	2,399

As at 31 January 2017	2,399

Net Book Value
As at 31 January 2017	1

As at 1 February 2016	1

Page 4

ABS (Nationwide) Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 January 2017

7. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	8,301	1
Other debtors	37,989	30,100

	46,290	30,101

Loans to associated companies 34,600 (last year 30,100).

8. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Corporation tax	-	895
Accruals and deferred income	619	624
Director's loan account	43,529	30,724

	44,148	32,243

9. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

10. Ultimate Controlling Party

The company's ultimate controlling party is Mrs Helen Bevan by virtue of his ownership of 100% of the issued share capital in the company.

11. General Information

ABS (Nationwide) Ltd Registered number 06472295 is a limited by shares company incorporated in England & Wales. The Registered Office is 12 Oak Street, Gelli, Pentre, Mid Glamorgan, CF41 7NP.