REGISTERED NUMBER: SC369580 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

ABERVAT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F Laing

REGISTERED OFFICE:

37 Albert Street

Aberdeen

AB25 1XU

REGISTERED NUMBER:

SC369580 (Scotland)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

89

419

89

419

CURRENT ASSETS

Debtors

6

8,445

28,179

Cash at bank

6,552

27,426

14,997

55,605

CREDITORS

Amounts falling due within one year

7

12,023

29,075

NET CURRENT ASSETS

2,974

26,530

TOTAL ASSETS LESS CURRENT LIABILITIES

3,063

26,949

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,062

26,948

SHAREHOLDERS' FUNDS

3,063

26,949

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

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

The director acknowledges her 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 director on 29 December 2017 and were signed by:

F Laing - Director

1.	STATUTORY INFORMATION

Abervat Limited is a private company, limited by shares , registered in Scotland. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

2,500

AMORTISATION

At 1 April 2016

and 31 March 2017

2,500

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

and 31 March 2017

1,843

DEPRECIATION

At 1 April 2016

1,424

Charge for year

330

At 31 March 2017

1,754

NET BOOK VALUE

At 31 March 2017

89

At 31 March 2016

419

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,847

27,581

Prepayments

598

598

8,445

28,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1

-

Tax

7,386

16,249

Social security and other taxes

227

396

VAT

3,492

8,576

Director's curr accs less 1yr

317

3,254

Accrued expenses

600

600

12,023

29,075

8.	ULTIMATE CONTROLLING PARTY

During the current and prior period, the company was controlled by the director.