Company Registration No. 05811841 (England and Wales)
ABG BUSINESS SUPPORT SERVICES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
ABG BUSINESS SUPPORT SERVICES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
73,112
35,126
Cash at bank and in hand
109,382
92,720
182,494
127,846
Creditors: amounts falling due within one year
(35,869)
(27,397)
Total assets less current liabilities
146,625
100,449
Capital and reserves
Called up share capital
2
400
100
Profit and loss account
146,225
100,349
Shareholders' funds
146,625
100,449
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 January 2016
J Donohoe
G Jackson
Director
Director
Company Registration No. 05811841
ABG BUSINESS SUPPORT SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.33% straight line
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
400 Ordinary Shares of £1 each
400
100
On 1 July 2014, the company issued 400 Ordinary Shares of £1 each at par.
On 30 June 2015, the company repurchased 100 Ordinary Shares of £1 each for £300 per share.