For the year ended 30 November 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05290427
ABD Enterprises Ltd
For the year ended 30 November 2016
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
ABD Enterprises Ltd
Accountants' Report
For the year ended 30 November 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
ended 30 November 2016 and you consider that the company is exempt from an audit under the Companies Act |
2006. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Graeme Hinchliffe Associates Ltd
6-8 Manvers Road
Swallownest
Sheffield
S26 4UD
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Notes to the Abbreviated Financial Statements |
ABD Enterprises Ltd
For the year ended 30 November 2016
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
by the shareholders prior to the balance sheet date. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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Notes to the Abbreviated Financial Statements |
ABD Enterprises Ltd
For the year ended 30 November 2016
149,887
5,892
155,779
82,258
5,691
Charge for year
87,949
67,830
67,629
2016
3 Creditors: amounts falling due within one year |
2015
15,036
18,124
Bank loans and overdrafts (secured)
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