Company Registration No. 05911770 (England and Wales)
Abdona Limited
Unaudited accounts
for the year ended 31 March 2017
Abdona Limited
Statement of financial position
as at 31 March 2017
Tangible assets
5,960
11,920
Cash at bank and in hand
240,546
202,898
Creditors: amounts falling due within one year
(23,324)
(25,315)
Net current assets
230,182
180,596
Net assets
236,142
192,516
Called up share capital
1
1
Profit and loss account
236,141
192,515
Shareholders' funds
236,142
192,516
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 December 2017.
Nicholas David Haunton
Director
Company Registration No. 05911770
Abdona Limited
Notes to the Accounts
for the year ended 31 March 2017
Abdona Limited is a private company, limited by shares, registered in England and Wales, registration number 05911770. The registered office is 6 Sunnyside Gardens, Upminster, Essex, RM14 3DS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Abdona Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Motor vehicles
Accrued income and prepayments
260
-
Other debtors
10,000
3,013
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
23,324
25,315
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short Term Loan
-
10,000
-
10,000
Short term loan is non interest bearing and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2016: 1).