05131963 1.7.15 30.6.16 30.6.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure051319632015-06-30051319632016-06-30051319632015-07-012016-06-30051319632014-06-30051319632014-07-012015-06-30051319632015-06-3005131963ns12:England2015-07-012016-06-3005131963ns14:PoundSterling2015-07-012016-06-3005131963ns7:Director12015-07-012016-06-3005131963ns7:OrdinaryShareClass12015-07-012016-06-3005131963ns7:CompanySecretary2015-07-012016-06-3005131963ns7:RegisteredOffice2015-07-012016-06-3005131963ns7:EntityBankers2015-07-012016-06-3005131963ns7:OrdinaryShareClass12016-06-3005131963ns7:OrdinaryShareClass12015-06-3005131963ns7:Director12015-06-3005131963ns7:Director12014-06-3005131963ns7:Director12014-07-012015-06-3005131963ns7:Director12016-06-3005131963ns7:Director12015-06-30
REGISTERED NUMBER: 05131963 (England and Wales)















ABC LEASING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016






ABC LEASING LIMITED (REGISTERED NUMBER: 05131963)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ABC LEASING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTOR: C Lee



SECRETARY: C Lee



REGISTERED OFFICE: Unit C1
Ty Verlon Industrial Estate
Cardiff Road
Barry
Vale of Glamorgan
CF63 2BE



REGISTERED NUMBER: 05131963 (England and Wales)



BANKERS: HSBC Bank
16 Ely Valley Road
Talbot Green
Pontyclun
Mid Glamorgan
CF72 8AP

ABC LEASING LIMITED (REGISTERED NUMBER: 05131963)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 2 16,135 18,422

CURRENT ASSETS
Stocks 30,200 41,500
Debtors 31,944 15,916
Cash at bank - 14,102
62,144 71,518
CREDITORS
Amounts falling due within one year 3 (56,214 ) (63,510 )
NET CURRENT ASSETS 5,930 8,008
TOTAL ASSETS LESS CURRENT LIABILITIES 22,065 26,430

CREDITORS
Amounts falling due after more than one year 3 (15,589 ) (7,168 )

PROVISIONS FOR LIABILITIES (2,564 ) (3,092 )
NET ASSETS 3,912 16,170

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 3,812 16,070
SHAREHOLDERS' FUNDS 3,912 16,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 for issue by the director on 30 March 2017 and were signed by:





C Lee - Director


ABC LEASING LIMITED (REGISTERED NUMBER: 05131963)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016


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 income and commissions receivable in respect of the sale and hire of vehicles, excluding VAT.

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

Plant and machinery20% on cost
Fixtures, fittings and equipment15% to 33% on cost
Motor vehicles25% on cost

Fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not there will be
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under
hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks of the ownership remain with the
lessor are charged against profits on a straight line basis over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 36,058
Additions 8,840
At 30 June 2016 44,898
DEPRECIATION
At 1 July 2015 17,636
Charge for year 11,127
At 30 June 2016 28,763
NET BOOK VALUE
At 30 June 2016 16,135
At 30 June 2015 18,422

ABC LEASING LIMITED (REGISTERED NUMBER: 05131963)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016


3. CREDITORS

Creditors include an amount of £ 26,244 (2015 - £ 10,767 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2016 and 30 June 2015:

2016 2015
£    £   
C Lee
Balance outstanding at start of year - -
Amounts advanced 9,068 -
Amounts repaid - -
Balance outstanding at end of year 9,068 -

Interest has been charged at a commercial rate on overdrawn balances in excess of £10,000 during the year. There are
no fixed terms of repayment.