REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017 |
FOR |
ABSTRACT WORLDS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017 |
FOR |
ABSTRACT WORLDS LIMITED |
ABSTRACT WORLDS LIMITED (REGISTERED NUMBER: 03563906) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 JANUARY 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ABSTRACT WORLDS LIMITED |
COMPANY INFORMATION |
for the year ended 31 JANUARY 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thistle Down Barn |
Holcot Lane |
Sywell |
Northampton |
Northamptonshire |
NN6 0BG |
ABSTRACT WORLDS LIMITED (REGISTERED NUMBER: 03563906) |
ABRIDGED BALANCE SHEET |
31 JANUARY 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ABSTRACT WORLDS LIMITED (REGISTERED NUMBER: 03563906) |
ABRIDGED BALANCE SHEET - continued |
31 JANUARY 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
ABSTRACT WORLDS LIMITED (REGISTERED NUMBER: 03563906) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 JANUARY 2017 |
1. | STATUTORY INFORMATION |
Abstract Worlds Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2016 |
and 31 January 2017 |
DEPRECIATION |
At 1 February 2016 |
Charge for year |
At 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
At 31 January 2016 |
ABSTRACT WORLDS LIMITED (REGISTERED NUMBER: 03563906) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 JANUARY 2017 |
4. | FIRST YEAR ADOPTION |
This is the first year that the company has presented its results under FRS 102. The last financial statements under previous |
UK GAAP were for the year ended 31 January 2016. The date of transition to FRS 102 was 1 February 2015. The |
transition to FRS 102 did not result in any changes in accounting policies and so there are no differences between the profit |
for the financial year ended 31 January 2016 and the total equity as at 1 February 2015 and 31 January 2016 under UK |
GAAP as previously reported and FRS 102. |