Registered Number 03864743

ABBEY TRADERS LIMITED

Abbreviated Accounts

30 June 2016

ABBEY TRADERS LIMITED Registered Number 03864743

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 15,000 21,250
Tangible assets 3 15,373 20,498
30,373 41,748
Current assets
Stocks 5,400 6,800
Debtors 21,496 20,273
Cash at bank and in hand 1,404 1,854
28,300 28,927
Creditors: amounts falling due within one year (31,531) (40,758)
Net current assets (liabilities) (3,231) (11,831)
Total assets less current liabilities 27,142 29,917
Creditors: amounts falling due after more than one year (14,004) (14,004)
Provisions for liabilities 0 (790)
Total net assets (liabilities) 13,138 15,123
Capital and reserves
Called up share capital 4 340 340
Share premium account 6,915 6,915
Profit and loss account 5,883 7,868
Shareholders' funds 13,138 15,123
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2017

And signed on their behalf by:
R STATHAM, Director

ABBEY TRADERS LIMITED Registered Number 03864743

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Tangible assets depreciation policy
Depreciation is provided at 25% on a reducing balance basis to write off each asset over its estimated useful life.

Intangible assets amortisation policy
Goodwill being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

2Intangible fixed assets
£
Cost
At 1 July 2015 62,500
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 62,500
Amortisation
At 1 July 2015 41,250
Charge for the year 6,250
On disposals -
At 30 June 2016 47,500
Net book values
At 30 June 2016 15,000
At 30 June 2015 21,250
3Tangible fixed assets
£
Cost
At 1 July 2015 84,260
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 84,260
Depreciation
At 1 July 2015 63,762
Charge for the year 5,125
On disposals -
At 30 June 2016 68,887
Net book values
At 30 June 2016 15,373
At 30 June 2015 20,498
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
340 Ordinary shares of £1 each 340 340