| Abbess Teaching & Instruction Limited |
| Registered number: |
03319525 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed Assets |
| Tangible Assets |
2 |
|
|
1,325 |
|
|
1,767 |
|
| Current Assets |
| Debtors |
|
|
45 |
|
|
573 |
| Bank and Cash |
|
|
156,526 |
|
|
126,045 |
|
|
|
156,571 |
|
|
126,618 |
|
| Creditors: Due Within One Year |
|
|
(35,693) |
|
|
(46,180) |
|
| Net Current Assets |
|
|
|
120,878 |
|
|
80,438 |
|
| Net Assets |
|
|
|
122,203 |
|
|
82,205 |
|
|
|
|
|
|
|
|
| Capital and Reserves |
| Called up Share Capital |
3 |
|
|
12 |
|
|
12 |
| Profit and Loss Account |
|
|
|
122,191 |
|
|
82,193 |
|
| Shareholders' Funds |
|
|
|
122,203 |
|
|
82,205 |
|
|
|
|
|
|
|
|
| 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. |
| 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| _____________________ |
| Mr A J Abbess |
| Director |
| Approved by the board on 20 December 2016 |
|
| Abbess Teaching & Instruction Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting Policies |
|
|
Basis of Preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2016). |
|
|
Turnover |
|
Turnover represents the value of goods and services provided to customers, net of value added tax and discounts. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and Equipment |
25% reducing balance |
|
|
| 2 |
Tangible Fixed Assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
7,004 |
|
At 31 March 2016 |
7,004 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
5,237 |
|
Charge for the year |
442 |
|
At 31 March 2016 |
5,679 |
|
|
|
|
|
|
|
|
Net Book Values |
|
At 31 March 2016 |
1,325 |
|
At 31 March 2015 |
1,767 |
|
|
|
|
|
|
|
|
| 3 |
Share Capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, Called up and Fully Paid: |
|
Ordinary Shares |
£1 each |
|
12 |
|
12 |
|
12 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Related Party Transactions |
2016 |
|
2015 |
| £ |
£ |
|
Mrs E M Abbess |
|
Mrs Abbess is a director and shareholder in the company. |
|
Dividends paid to Mrs Abbess in the year |
30,000 |
|
30,000 |
|
Mr A J Abbess |
|
Mr Abbess is a director and company secretary. |
|
Dividends paid to Mr Abbess in the year |
30,000 |
|
30,000 |