REGISTERED NUMBER: 04242862 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2014

FOR

ABICREST UK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Aboobaker

REGISTERED OFFICE:

6 Taylor Road

Leicester

LE1 2JN

REGISTERED NUMBER:

04242862 (England and Wales)

ACCOUNTANTS:

Watergates Ltd

109 Coleman Road

Leicester

LE5 4LE

FIXED ASSETS

Tangible assets

2

717

717

CURRENT ASSETS

Stocks

5,150

375

Debtors

49,275

51,708

Cash at bank and in hand

83,624

69,074

138,049

121,157

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

(61,431

)

(48,821

)

NET CURRENT ASSETS

76,618

72,336

TOTAL ASSETS LESS CURRENT LIABILITIES

77,335

73,053

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

77,235

72,953

SHAREHOLDERS' FUNDS

77,335

73,053

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st August 2014 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 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 director on 15th May 2015 and were signed by:

Mr S Aboobaker - 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.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

15% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

28,047

DEPRECIATION

At 1st September 2013

and 31st August 2014

27,330

NET BOOK VALUE

At 31st August 2014

717

At 31st August 2013

717

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/14

31/8/13

value:

£

£

100

Ordinary

£1

100

100