Abramelin Limited - Accounts to registrar

REGISTERED NUMBER: 03189891 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2016 to 30 March 2017

for

Abramelin Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Nisbet

REGISTERED OFFICE:

Trebeath Farm Cottage

Trebeath Egloskerry

Launceston

Cornwall

PL15 8RY

REGISTERED NUMBER:

03189891 (England and Wales)

ACCOUNTANT:

Integro Accounting Ltd

Clipper House

Billington Road

Leighton Buzzard

Bedfordshire

LU7 4AJ

FIXED ASSETS

Tangible assets

4

1,492

601

CURRENT ASSETS

Debtors

5

10,995

13,182

Cash at bank

4,000

5,178

14,995

18,360

CREDITORS

Amounts falling due within one year

6

16,093

17,864

NET CURRENT (LIABILITIES)/ASSETS

(1,098

)

496

TOTAL ASSETS LESS CURRENT LIABILITIES

394

1,097

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

392

1,095

SHAREHOLDERS' FUNDS

394

1,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 15 November 2017 and were signed by:

A M Nisbet - Director

1.	STATUTORY INFORMATION

Abramelin Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period 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 that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2016

754

575

-

8,919

10,248

Additions

-

2,083

-

2,083

At 30 March 2017

754

575

2,083

8,919

12,331

DEPRECIATION

At 1 April 2016

754

575

-

8,318

9,647

Charge for period

-

1,042

150

1,192

At 30 March 2017

754

575

1,042

8,468

10,839

NET BOOK VALUE

At 30 March 2017

-

1,041

451

1,492

At 31 March 2016

-

601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

31.3.16

£

Other debtors

29

-

Directors' loan accounts

6,715

8,931

S455 Provision

4,251

10,995

13,182

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

31.3.16

£

Bank loans and overdrafts

47

-

Tax

9,829

15,650

Social security and other taxes

-

580

VAT

6,084

1,551

Other creditors

133

83

16,093

17,864

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 March 2017

and the year ended 31 March 2016:

30.3.17

31.3.16

£

A M Nisbet

Balance outstanding at start of period

8,931

17,002

Amounts advanced

-

1,287

Amounts repaid

(2,216

)

(9,358

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

6,715

8,931

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A M Nisbet.