ABBA DART LTD

Company Registration Number:
03993297 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

ABBA DART LTD

Contents of the Financial Statements

for the Period Ended 31 March 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 10

ABBA DART LTD

Company Information

for the Period Ended 31 March 2017




Director: PS Mengar
Secretary: RS Mengar
Registered office: 2a
Sidcup Hill
Sidcup
Kent
DA14 6HH
Company Registration Number: 03993297 (England and Wales)

ABBA DART LTD

Directors' Report Period Ended 31 March 2017

The directors present their report with the financial statements of the company for the period ended 31 March 2017

Principal Activities

is that of providing private car hire services to the public.

Political and charitable donations

None

Directors

The directors shown below have held office during the whole of the period from 01 April 2016 to 31 March 2017
PS Mengar

Secretary
RS Mengar

This report was approved by the board of directors on 11 September 2017
And Signed On Behalf Of The Board By:

Name: PS Mengar
Status: Director

ABBA DART LTD

Profit and Loss Account

for the Period Ended 31 March 2017


Notes

2017
£

2016
£
Turnover 178,185 175,849
Cost of sales (70,076) (68,184)
Gross Profit or (Loss) 108,109 107,665
Administrative Expenses (136,539) (121,469)
Operating Profit or (Loss) (28,430) (13,804)
Interest Payable and Similar Charges (1,477) (489)
Profit or (Loss) Before Tax (29,907) (14,293)
Tax on Profit (0) (0)
Profit or (Loss) for Period (29,907) (14,293)

The notes form part of these financial statements

ABBA DART LTD

Balance sheet

As at 31 March 2017


Notes

2017
£

2016
£
Fixed assets
Intangible assets: 3 22,000 24,750
Tangible assets: 4 23,930 37,369
Total fixed assets: 45,930 62,119
Current assets
Cash at bank and in hand: 4,580 4,458
Total current assets: 4,580 4,458
Creditors: amounts falling due within one year: 5 ( 60,038 ) ( 38,863 )
Net current assets (liabilities): ( 55,458 ) ( 34,405 )
Total assets less current liabilities: ( 9,528 ) 27,714
Creditors: amounts falling due after more than one year: 6 ( 102,972 ) ( 110,307 )
Total net assets (liabilities): ( 112,500 ) ( 82,593 )

The notes form part of these financial statements

ABBA DART LTD

Balance sheet continued

As at 31 March 2017


Notes

2017
£

2016
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 112,600 ) ( 82,693 )
Shareholders funds: ( 112,500 ) ( 82,593 )

For the year ending 31 March 2017 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 11 September 2017
And Signed On Behalf Of The Board By:

Name: PS Mengar
Status: Director

The notes form part of these financial statements

ABBA DART LTD

Notes to the Financial Statements

for the Period Ended 31 March 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of services and supplies, excluding value added tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at historic purchase cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. The carrying values of tangible fixed assets are reviewed for impairment when changes in circumstances indicate that the carrying value may not be recoverable.

    Valuation information and policy

    The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

    Other accounting policies

    Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

ABBA DART LTD

Notes to the Financial Statements

for the Period Ended 31 March 2017

  • 2. Employees


    2017

    2016
    Average number of employees during the period 9 7

ABBA DART LTD

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 01 April 2016 55,000 6,285 61,285
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2017 55,000 6,285 61,285
Amortisation
Amortisation at 01 April 2016 30,250 6,285 36,535
Charge for year 2,750 - 2,750
On disposals - - -
Other adjustments - - -
Amortisation at 31 March 2017 33,000 6,285 39,285
Net book value
Net book value at 31 March 2017 22,000 0 22,000
Net book value at 31 March 2016 24,750 0 24,750

ABBA DART LTD

Notes to the Financial Statements

for the Period Ended 31 March 2017

4. Tangible assets

Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 April 2016 31,053 34,342 62,319 127,714
Additions - 458 - 458
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2017 31,053 34,800 62,319 128,172
Depreciation
At 01 April 2016 20,560 33,773 36,012 90,345
Charge for year 7,763 390 5,744 13,897
On disposals - - - -
Other adjustments - - - -
At 31 March 2017 28,323 34,163 41,756 104,242
Net book value
At 31 March 2017 2,730 637 20,563 23,930
At 31 March 2016 10,493 569 26,307 37,369

ABBA DART LTD

Notes to the Financial Statements

for the Period Ended 31 March 2017

5.Creditors: amounts falling due within one year note


2017
£

2016
£
Trade creditors 18,625 7,161
Taxation and social security 3,653 1,650
Accruals and deferred income 31,001 23,869
Other creditors 6,759 6,183
Total 60,038 38,863

ABBA DART LTD

Notes to the Financial Statements

for the Period Ended 31 March 2017

6.Creditors: amounts falling due after more than one year


2017
£

2016
£
Amounts due under finance leases and hire purchase contracts 18,037 25,372
Other creditors 84,935 84,935
Total 102,972 110,307