Abix Consulting Limited - Period Ending 2016-04-05

Abix Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2016

Broadhead Accountants Limited

Abix Consulting Limited
Contents

Company Information

Director's Report

Accountants' Report

Profit and Loss Account

Balance Sheet

Notes to the Financial Statements

6 to 7

Abix Consulting Limited
Company Information

Director

Paul Hennelly

Registered office

19 Queen Street
Chertsey
Surrey
KT16 8BS

Page 1

Abix Consulting Limited
Director's Report for the Year Ended 5 April 2016

The director presents his report and the unaudited financial statements for the year ended 5 April 2016.

Director of the company

The director who held office during the year was as follows:

Paul Hennelly

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 29 August 2016 and signed on its behalf by:

.........................................
Paul Hennelly
Director

Page 2

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Abix Consulting Limitedfor the Year Ended 5 April 2016

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of Abix Consulting Limited for the year ended 5 April 2016. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of Abix Consulting Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abix Consulting Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abix Consulting Limited and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.

......................................
Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH

30 August 2016

Page 3

Abix Consulting Limited
Profit and Loss Account for the Year Ended 5 April 2016

	Note	2016 £	2015 £
Turnover		114,377	109,739
Administrative expenses		(30,037)	(27,739)
Operating profit		84,340	82,000
Profit on ordinary activities before taxation		84,340	82,000
Tax on profit on ordinary activities	3	(16,868)	(16,400)
Profit for the financial year	8	67,472	65,600

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

Abix Consulting Limited
(Registration number: 06242614)
Balance Sheet at 5 April 2016

	Note	2016 £	2015 £
Current assets
Debtors	4	12,932	-
Cash at bank and in hand		121,946	123,593
		134,878	123,593
Creditors: Amounts falling due within one year	5	(33,844)	(29,130)
Net assets		101,034	94,463
Capital and reserves
Called up share capital	6	100	1
Profit and loss account	8	100,934	94,462
Shareholders' funds		101,034	94,463

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS 102.

For the year ending 5 April 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 29 August 2016

.........................................
Paul Hennelly
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

Abix Consulting Limited
Notes to the Financial Statements for the Year Ended 5 April 2016
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Director's remuneration

The director's remuneration for the year was as follows:

	2016 £	2015 £

Remuneration	16,104	7,956

Taxation

Tax on profit on ordinary activities

	2016 £	2015 £
Current tax
Corporation tax charge	16,868	16,400

Debtors

	2016 £	2015 £

Trade debtors	12,932	-

Page 6

Abix Consulting Limited
Notes to the Financial Statements for the Year Ended 5 April 2016
......... continued

5	Creditors: Amounts falling due within one year

	2016 £	2015 £

Trade creditors	-	900
Corporation tax	16,868	16,400
Other taxes and social security	8,216	3,307
Other creditors	8,760	8,523
	33,844	29,130

6	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary share of £1 each		100	100		100	100

Dividends

	2016 £	2015 £
Dividends paid
Current year interim dividend paid	61,000	41,580

Reserves

	Profit and loss account £	Total £

At 6 April 2015	94,462	94,462

Profit for the year	67,472	67,472
Dividends	(61,000)	(61,000)
At 5 April 2016	100,934	100,934

Page 7