REGISTERED NUMBER: 03110606 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Abas UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr P A Booth

Mrs J S Hayes

SECRETARY:

Mrs P J Street

REGISTERED OFFICE:

48 Eastfield Road

Barton on Humber

North Lincolnshire

DN18 6AW

REGISTERED NUMBER:

03110606 (England and Wales)

ACCOUNTANTS:

D I Accountants Ltd

Pattern Store 4C

Station Approach

Gainsborough

Lincolnshire

DN21 2AU

FIXED ASSETS

Tangible assets

2

419,943

379,193

CURRENT ASSETS

Debtors

20,492

20,654

Cash at bank

271,071

262,583

291,563

283,237

CREDITORS

Amounts falling due within one year

262,091

197,237

NET CURRENT ASSETS

29,472

86,000

TOTAL ASSETS LESS CURRENT LIABILITIES

449,415

465,193

PROVISIONS FOR LIABILITIES

3,192

3,449

NET ASSETS

446,223

461,744

CAPITAL AND RESERVES

Called up share capital

3

100

100

Share premium

2,990

2,990

Profit and loss account

443,133

458,654

SHAREHOLDERS' FUNDS

446,223

461,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 March 2017 and were signed on its behalf by:

Dr P A Booth - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Remote data store

-

15% on cost

Office

-

15% on cost

Freehold property

-

not provided

Equipment

-

50% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

550,122

Additions

54,652

At 31 October 2016

604,774

DEPRECIATION

At 1 November 2015

170,929

Charge for year

13,902

At 31 October 2016

184,831

NET BOOK VALUE

At 31 October 2016

419,943

At 31 October 2015

379,193

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

10

Ordinary Class A

£1

90

90

10

Ordinary Class B

£1

10

10

100

100