Registered Number 05472355

ABSTRACT ONLINE LIMITED

Abbreviated Accounts

30 June 2016

ABSTRACT ONLINE LIMITED Registered Number 05472355

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 350,000 350,000
Tangible assets 3 584,656 534,455
934,656 884,455
Current assets
Debtors 31,378 9,495
Cash at bank and in hand 90,874 98,703
122,252 108,198
Creditors: amounts falling due within one year (902,805) (853,354)
Net current assets (liabilities) (780,553) (745,156)
Total assets less current liabilities 154,103 139,299
Total net assets (liabilities) 154,103 139,299
Capital and reserves
Called up share capital 1 1
Profit and loss account 154,102 139,298
Shareholders' funds 154,103 139,299
  • For the year ending 30 June 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2017

And signed on their behalf by:
Mohammed Jameel Latif, Director

ABSTRACT ONLINE LIMITED Registered Number 05472355

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 July 2015 350,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 350,000
Amortisation
At 1 July 2015 -
Charge for the year -
On disposals -
At 30 June 2016 -
Net book values
At 30 June 2016 350,000
At 30 June 2015 350,000
3Tangible fixed assets
£
Cost
At 1 July 2015 696,379
Additions 55,943
Disposals -
Revaluations -
Transfers -
At 30 June 2016 752,322
Depreciation
At 1 July 2015 161,924
Charge for the year 5,742
On disposals -
At 30 June 2016 167,666
Net book values
At 30 June 2016 584,656
At 30 June 2015 534,455