REGISTERED NUMBER: 05470192

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2013

FOR

A B CORPORATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Bathia

G Wheeler

SECRETARY:

N Bathia

REGISTERED OFFICE:

132-134 College Road

Harrow

Middlesex

HA12 1BQ

REGISTERED NUMBER:

05470192

ACCOUNTANTS:

Lawrence & Co

Chartered Accountants

132-134 College Road

Harrow

Middlesex

HA1 1BQ

FIXED ASSETS

Intangible assets

2

11,625

16,125

Tangible assets

3

16,864

21,850

28,489

37,975

CURRENT ASSETS

Stocks

32,100

31,623

Debtors

-

595

Cash in hand

102

105

32,202

32,323

CREDITORS

Amounts falling due within one year

(52,353

)

(43,211

)

NET CURRENT LIABILITIES

(20,151

)

(10,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,338

27,087

CREDITORS

Amounts falling due after more than one year

(190

)

(7,990

)

PROVISIONS FOR LIABILITIES

(1,224

)

(1,749

)

NET ASSETS

6,924

17,348

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

6,824

17,248

SHAREHOLDERS' FUNDS

6,924

17,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 March 2014 and were signed on its behalf by:

A Bathia - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2012

and 30 June 2013

45,000

AMORTISATION

At 1 July 2012

28,875

Amortisation for year

4,500

At 30 June 2013

33,375

NET BOOK VALUE

At 30 June 2013

11,625

At 30 June 2012

16,125

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2012

and 30 June 2013

86,772

DEPRECIATION

At 1 July 2012

64,922

Charge for year

4,986

At 30 June 2013

69,908

NET BOOK VALUE

At 30 June 2013

16,864

At 30 June 2012

21,850

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.13

30.6.12

value:

£

£

100

Ordinary

£1

100

100