A B O Aluminium Ltd - Period Ending 2012-03-31

A B O Aluminium Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2012

Hart Accounting Ltd
3 Lennox Avenue
Wallasey
Wirral
CH45 5AL

A B O Aluminium Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A B O Aluminium Ltd
for the Year Ended 31 March 2012

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A B O Aluminium Ltd for the year ended 31 March 2012 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians, we are subject to its ethical and other professional requirements which are detailed at http://www.aat.org.uk/codeofprofessionalethics/.

This report is made solely to the Board of Directors of A B O Aluminium Ltd, as a body, in accordance with the terms of our engagement letter dated 2 April 2009. Our work has been undertaken solely to prepare for your approval the accounts of A B O Aluminium Ltd and state those matters that we have agreed to state . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A B O Aluminium Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A B O Aluminium Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A B O Aluminium Ltd. You consider that A B O Aluminium Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A B O Aluminium Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hart Accounting Ltd
3 Lennox Avenue
Wallasey
Wirral
CH45 5AL

27 January 2013

Page 1

A B O Aluminium Ltd
(Registration number: 06865768)
Abbreviated Balance Sheet at 31 March 2012

	Note	2012 £	2011 £
Fixed assets
Intangible fixed assets		2,500	3,500
Tangible fixed assets		2,753	2,956
		5,253	6,456
Current assets
Debtors		20,791	3,724
Cash at bank and in hand		17,238	20,070
		38,029	23,794
Creditors: Amounts falling due within one year		(31,014)	(33,456)
Net current assets/(liabilities)		7,015	(9,662)
Net assets/(liabilities)		12,268	(3,206)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		12,267	(3,207)
Shareholders' funds/(deficit)		12,268	(3,206)

For the year ending 31 March 2012 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 28 January 2013

.........................................
Mr David Joseph Abraham
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

A B O Aluminium Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2012
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

A B O Aluminium Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2012
......... continued

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2011	5,000	4,477	9,477
Additions	-	715	715
At 31 March 2012	5,000	5,192	10,192
Depreciation
At 1 April 2011	1,500	1,521	3,021
Charge for the year	1,000	918	1,918
At 31 March 2012	2,500	2,439	4,939
Net book value
At 31 March 2012	2,500	2,753	5,253
At 31 March 2011	3,500	2,956	6,456

3	Share capital

Allotted, called up and fully paid shares

	2012			2011
		No.	£		No.	£
Ordinary £1 shares of £1 each		1	1		1	1

Page 4