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REGISTERED NUMBER: 07336690 (England and Wales)















Abbreviated Accounts for the Year Ended 31 August 2016

for

ABC Balloons Ltd

ABC Balloons Ltd (Registered number: 07336690)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ABC Balloons Ltd

Company Information
for the Year Ended 31 August 2016







DIRECTOR: Mr D Whitehead



SECRETARY: Miss A Davies



REGISTERED OFFICE: 22 Spenser Avenue
Radcliffe
Manchester
M26 3GY



REGISTERED NUMBER: 07336690 (England and Wales)



ACCOUNTANTS: Rowlinson Rainbow & Company
5/7 New Road
Radcliffe
Greater Manchester
M26 1LS



BANKERS: Barclays Bank Plc
Bury Branch
Bury
Manchester
BL9 ODJ

ABC Balloons Ltd (Registered number: 07336690)

Abbreviated Balance Sheet
31 August 2016

31.8.16 31.8.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 211 282

CURRENT ASSETS
Stocks 6,000 6,850
Debtors 4,367 4,283
Cash at bank and in hand 515 376
10,882 11,509
CREDITORS
Amounts falling due within one year 1,129 1,915
NET CURRENT ASSETS 9,753 9,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,964

9,876

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 9,963 9,875
SHAREHOLDERS' FUNDS 9,964 9,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 24 May 2017 and were signed by:





Mr D Whitehead - Director


ABC Balloons Ltd (Registered number: 07336690)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 2016

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 January 2015).

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 each asset over its estimated useful life.


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 769
DEPRECIATION
At 1 September 2015 487
Charge for year 71
At 31 August 2016 558
NET BOOK VALUE
At 31 August 2016 211
At 31 August 2015 282

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.16 31.8.15
value: £    £   
1 Ordinary 1 1 1