Company Registration No. 06943794 (England and Wales)
ABA CARS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
ABA CARS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABA CARS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,359
4,137
Current assets
Debtors
51,206
-
Cash at bank and in hand
3,285
5,021
54,491
5,021
Creditors: amounts falling due within one year
(58,656)
(6,237)
Net current liabilities
(4,165)
(1,216)
Total assets less current liabilities
194
2,921
Capital and reserves
Called up share capital
3
4
2
Profit and loss account
190
2,919
Shareholder's funds
194
2,921
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 May 2017
V Erpolat
Director
Company Registration No. 06943794
ABA CARS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
Motor vehicles
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
10,100
Additions
1,282
At 30 June 2016
11,382
Depreciation
At 1 July 2015
5,963
Charge for the year
1,060
At 30 June 2016
7,023
Net book value
At 30 June 2016
4,359
At 30 June 2015
4,137
ABA CARS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4 Ordinary of £1 each
4
2