1 June 2016 false No description of principal activity Taxfiler 2017.26.Web 07252201business:PrivateLimitedCompanyLtd2016-06-012017-05-31 072522012016-05-31 072522012016-06-012017-05-31 07252201business:AuditExempt-NoAccountantsReport2016-06-012017-05-31 07252201business:FullAccounts2016-06-012017-05-31 072522012017-05-31 07252201business:Director12016-06-012017-05-31 07252201business:RegisteredOffice2016-06-012017-05-31 072522012016-05-31 07252201core:WithinOneYear2017-05-31 07252201core:WithinOneYear2016-05-31 07252201core:AfterOneYear2017-05-31 07252201core:AfterOneYear2016-05-31 07252201core:ShareCapital2017-05-31 07252201core:ShareCapital2016-05-31 07252201core:RetainedEarningsAccumulatedLosses2017-05-31 07252201core:RetainedEarningsAccumulatedLosses2016-05-31 07252201business:SmallEntities2016-06-012017-05-31 07252201countries:EnglandWales2016-06-012017-05-31 07252201core:MotorVehicles2016-06-012017-05-31 07252201core:FurnitureFittings2016-06-012017-05-31 07252201core:MotorVehicles2016-05-31 07252201core:FurnitureFittings2016-05-31 07252201core:MotorVehicles2017-05-31 07252201core:FurnitureFittings2017-05-31 07252201business:OrdinaryShareClass12016-06-012017-05-31 07252201business:OrdinaryShareClass12015-06-012016-05-31 072522012015-06-012016-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07252201 (England and Wales)
ABRASHEM LIMITED Unaudited accounts for the year ended 31 May 2017
ABRASHEM LIMITED Unaudited accounts Contents
Page
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ABRASHEM LIMITED Company Information for the year ended 31 May 2017
Director
IRFAN SHAHZAD NAGI
Company Number
07252201 (England and Wales)
Registered Office
694 STRATFORD ROAD SPARKHILL BIRMINGHAM B11 4AS
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ABRASHEM LIMITED Statement of financial position as at 31 May 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,823 
2,431 
Current assets
Inventories
2,860 
1,000 
Debtors
- 
1,801 
Cash at bank and in hand
1,179 
1,399 
4,039 
4,200 
Creditors: amounts falling due within one year
(19,152)
(29,153)
Net current liabilities
(15,113)
(24,953)
Total assets less current liabilities
(13,290)
(22,522)
Creditors: amounts falling due after more than one year
(13,411)
(16,712)
Net liabilities
(26,701)
(39,234)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(26,801)
(39,334)
Shareholders' funds
(26,701)
(39,234)
For the year ending 31 May 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 September 2017.
IRFAN SHAHZAD NAGI Director Company Registration No. 07252201
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ABRASHEM LIMITED Notes to the Accounts for the year ended 31 May 2017
1
Statutory information
ABRASHEM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07252201. The registered office and principal place of business is 694 STRATFORD ROAD, SPARKHILL, BIRMINGHAM, B11 4AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% RB
Fixtures & fittings
25% RB
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ABRASHEM LIMITED Notes to the Accounts for the year ended 31 May 2017
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2016
4,224 
308 
4,532 
At 31 May 2017
4,224 
308 
4,532 
Depreciation
At 1 June 2016
1,848 
253 
2,101 
Charge for the year
594 
14 
608 
At 31 May 2017
2,442 
267 
2,709 
Net book value
At 31 May 2017
1,782 
41 
1,823 
At 31 May 2016
2,376 
55 
2,431 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
2,860 
1,000 
2,860 
1,000 
6
Debtors
2017 
2016 
£ 
£ 
Other debtors
- 
1,801 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
225 
88 
Other creditors
8,729 
8,729 
Loans from directors
9,848 
20,336 
Accruals
350 
- 
19,152 
29,153 
8
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Other creditors
13,411 
16,712 
9
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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