Abserv International Ltd - Accounts to registrar

REGISTERED NUMBER: SC317026 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abserv International Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Milton

SECRETARY:

H L Lawson

REGISTERED OFFICE:

17 Stuart Crescent

Kemnay

Inverurie

Aberdeenshire

AB51 5RZ

REGISTERED NUMBER:

SC317026 (Scotland)

ACCOUNTANTS:

Carnegie Knox (Scotland) Limited

R & A House Woodburn Road

Blackburn

Aberdeen

Aberdeenshire

AB21 0PS

FIXED ASSETS

Tangible assets

4

82,222

92,261

CURRENT ASSETS

Debtors

5

86,007

Cash at bank

31,672

97,271

117,679

183,278

CREDITORS

Amounts falling due within one year

6

1,946

24,038

NET CURRENT ASSETS

115,733

159,240

TOTAL ASSETS LESS CURRENT
LIABILITIES

197,955

251,501

PROVISIONS FOR LIABILITIES

7

-

2,151

NET ASSETS

197,955

249,350

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

197,953

249,348

SHAREHOLDERS' FUNDS

197,955

249,350

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 his 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 22 June 2017 and were signed by:

A J Milton - Director

1.	STATUTORY INFORMATION

Abserv International Ltd 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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

vehicles

equipment

Totals

£

COST

At 1 April 2016

81,505

23,229

5,152

109,886

Disposals

-

(23,229

)

-

(23,229

)

At 31 March 2017

81,505

-

5,152

86,657

DEPRECIATION

At 1 April 2016

-

13,429

4,196

17,625

Charge for year

-

239

Eliminated on disposal

-

(13,429

)

-

(13,429

)

At 31 March 2017

-

4,435

NET BOOK VALUE

At 31 March 2017

81,505

-

717

82,222

At 31 March 2016

81,505

9,800

956

92,261

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Provision for fraud loss

86,007

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Tax

1,128

1,211

VAT

164

23

Directors' current accounts

54

21,164

Accrued expenses

600

1,640

1,946

24,038

7.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

Deferred tax

-

2,151

Deferred

tax

£

Balance at 1 April 2016

2,151

Provided during year

(2,151

)

Balance at 31 March 2017

-

8.	ULTIMATE CONTROLLING PARTY

The utlimate controlling party is Mr A J Milton and Ms H Lawson both holding 50% shares.