Company Registration No. 04797111 (England and Wales)
ABG INSURANCE SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
ABG INSURANCE SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABG INSURANCE SERVICES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
23
23
Cash at bank and in hand
55
122
78
145
Creditors: amounts falling due within one year
(10,366)
(10,366)
Total assets less current liabilities
(10,288)
(10,221)
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
(10,388)
(10,321)
Shareholders' funds
(10,288)
(10,221)
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 February 2017
G Jackson
Director
Company Registration No. 04797111
ABG INSURANCE SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements have been prepared on the basis of continuing support of the shareholders who have indicated their willingness to support the company financially for the forseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
1.2
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
33.33% Straight Line
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
20,000 Ordinary Shares of 0.5p each
100
100