REGISTERED NUMBER: 04256349 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

ABOU KIR BAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R E G Peel

Mr S R West

SECRETARY:

Mr K Mcguinness

REGISTERED OFFICE:

19 Warwick Avenue

LONDON

W9 2PS

REGISTERED NUMBER:

04256349 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants & Business Advisors

Chartered Certified Accountants

and Registered Auditors

3 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

4

72,486

94,053

CURRENT ASSETS

Stocks

2,500

-

Debtors

5

3,875

13,740

Cash at bank and in hand

2,656

500

9,031

14,240

CREDITORS

Amounts falling due within one year

6

316,855

280,752

NET CURRENT LIABILITIES

(307,824

)

(266,512

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(235,338

)

(172,459

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(235,438

)

(172,559

)

SHAREHOLDERS' FUNDS

(235,338

)

(172,459

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2017 and were signed on its behalf by:

Mr R E G Peel - Director

1.	STATUTORY INFORMATION

Abou Kir Bay Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable,

excluding discounts, rebates, value added tax and other sales taxes.

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 machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

A fair value review of fixed assets is carried out annually.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements.

Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that

it is probable that they will be recovered against the reversal of deferred tax liabilities or

other future taxable profits.

Going concern

The Company is dependent on the continued support of the Directors. The Directors are

confident that this support will continue for the foreseeable future. Consequently the

accounts have been drawn up on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

125,404

Additions

2,595

At 31 January 2017

127,999

DEPRECIATION

At 1 February 2016

31,351

Charge for year

24,162

At 31 January 2017

55,513

NET BOOK VALUE

At 31 January 2017

72,486

At 31 January 2016

94,053

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

3,875

13,740

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

71

Hire purchase contracts

4,374

17,495

Taxation and social security

16,534

-

Other creditors

295,947

263,186

316,855

280,752

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S R West.

8.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the

historical cost convention and in accordance with the Financial Reporting Standards for

Smaller Entities (effective January 2015) as at 1st February 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.