REGISTERED NUMBER: |
ABBANOY LOGISTICS LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
REGISTERED NUMBER: |
ABBANOY LOGISTICS LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ABBANOY LOGISTICS LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 April 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352) |
BALANCE SHEET |
30 April 2017 |
30.4.17 | 30.4.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352) |
BALANCE SHEET - continued |
30 April 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2017 |
1. | STATUTORY INFORMATION |
Abbanoy Logistics Limited is a |
number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents royalties due for the year, excluding value added tax. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to |
items recognised in other comprehensive income or directly in equity. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
Going concern |
The accounts have been prepared on a going concern basis despite there being net liabilities at the balance sheet date as |
since then the company has continued to trade profitably and meet all of its liabilities as they fall due. |
ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2017 |
3. | INTANGIBLE FIXED ASSETS |
Franchise |
fees |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
AMORTISATION |
At 1 May 2016 |
Amortisation for year |
At 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
At 30 April 2016 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
DEPRECIATION |
At 1 May 2016 |
and 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Trade debtors |
ABBANOY LOGISTICS LIMITED (REGISTERED NUMBER: SC229352) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2017 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Director's loan account | 8,502 | 10,894 |
Taxation and social security |
Other creditors | 3,867 | 4,529 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Bank loans |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.4.17 | 30.4.16 |
£ | £ |
Bank loans |
The company has granted to its bankers a floating charge over the assets of the company in respect of sums due. Dr E |
Bascetta has provided a personal guarantee for the company's bank term loan facilities. |
9. | RELATED PARTY DISCLOSURES |
At 30 April 2017 Dr E Bascetta, the company's director, had provided the company with an interest free loan of £8,502 |
(2016, £10,894). There are no fixed repayment terms for this loan. |