Abbey View Computing Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		877		1,456

			877		1,456
CURRENT ASSETS
Stocks		1,750		2,125
Cash at bank and in hand		30,495		40,051

		32,245		42,176
Creditors: Amounts Falling Due Within One Year		(13,257 )		(18,541 )

NET CURRENT ASSETS (LIABILITIES)			18,988		23,635

TOTAL ASSETS LESS CURRENT LIABILITIES			19,865		25,091

NET ASSETS			19,865		25,091

CAPITAL AND RESERVES
Called up share capital	3		100		100
Profit and Loss Account			19,765		24,991

SHAREHOLDERS' FUNDS			19,865		25,091

For the year ending 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr David Campbell

25th January 2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	15% Reducing Balance
Computer Equipment	40% Reducing Balance

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2. Tangible Assets


	Total
Cost	£
As at 1 July 2015	11,008

As at 30 June 2016	11,008

Depreciation
As at 1 July 2015	9,552
Provided during the period	579

As at 30 June 2016	10,131

Net Book Value
As at 30 June 2016	877

As at 1 July 2015	1,456

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

4. Ultimate Controlling Party

David Campbell owns 100% of the issued share capital of the company being, 100 ordinary shares of £1.