Registered number
07392292
ABCUK-Russia Limited
Abbreviated Accounts
31 October 2015
ABCUK-Russia Limited
Registered number: 07392292
Abbreviated Balance Sheet
as at 31 October 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 - 1,000
Tangible assets 3 - 2,725
- 3,725
Current assets
Debtors 1,530 2,015
Cash at bank and in hand 3,391 6,677
4,921 8,692
Creditors: amounts falling due within one year (6,411) (11,556)
Net current liabilities (1,490) (2,864)
Total assets less current liabilities (1,490) 861
Provisions for liabilities - (545)
Net (liabilities)/assets (1,490) 316
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (1,590) 216
Shareholders' funds (1,490) 316
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.
Andrew Bayley
Director
Approved by the board on 9 December 2015
ABCUK-Russia Limited
Notes to the Abbreviated Accounts
for the period ended 31 October 2015
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 1 January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Going concern
The company ceased trading on 31/10/15. The accounts have therefore been produced on a break-up basis, with all assets being valued at their net realisable value.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Intangible fixed assets £
Cost
At 1 October 2014 5,000
Disposals (5,000)
At 31 October 2015 -
Amortisation
At 1 October 2014 4,000
Provided during the period 1,000
On disposals (5,000)
At 31 October 2015 -
Net book value
At 31 October 2015 -
At 30 September 2014 1,000
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
3 Tangible fixed assets £
Cost
At 1 October 2014 5,740
Disposals (5,740)
At 31 October 2015 -
Depreciation
At 1 October 2014 3,015
Charge for the period 738
On disposals (3,753)
At 31 October 2015 -
Net book value
At 31 October 2015 -
At 30 September 2014 2,725
4 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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