ABAYAN LTD

Company Registration Number:
05266405 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 29 March 2015

End date: 27 March 2016

ABAYAN LTD

Abbreviated Balance sheet

As at 27 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 16,560 22,080
Total fixed assets: 16,560 22,080
Current assets
Stocks: 39,500 30,200
Cash at bank and in hand: 1,924 765
Total current assets: 41,424 30,965
Creditors: amounts falling due within one year: ( 3,971 ) ( 44,883 )
Net current assets (liabilities): 37,453 ( 13,918 )
Total assets less current liabilities: 54,013 8,162
Creditors: amounts falling due after more than one year: ( 46,989 )
Total net assets (liabilities): 7,024 8,162

The notes form part of these financial statements

ABAYAN LTD

Balance sheet continued

As at 27 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 2 2
Profit and loss account: 7,022 8,160
Shareholders funds: 7,024 8,162

For the year ending 27 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 24 March 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Thedchanamoorty Kanthavel
Status: Director

The notes form part of these financial statements

ABAYAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 27 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime - annual deprecation of plant & machinery is 25% reducing balance and leasehold building is 20% of cost.

ABAYAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 27 March 2016

  • 2. Tangible assets

    Total
    Cost £
    29 March 2015: 100,521
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    27 March 2016: 100,521
    Depreciation
    29 March 2015: 78,441
    Charge for year: 5,520
    On disposals: 0
    Other adjustments: 0
    27 March 2016: 83,961
    Net book value
    27 March 2016: 16,560
    28 March 2015: 22,080

ABAYAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 27 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2