Registered Number NI049184

ABRAHAM BUILDING CONTRACTORS LIMITED

Abbreviated Accounts

30 April 2016

ABRAHAM BUILDING CONTRACTORS LIMITED Registered Number NI049184

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 17,451 20,189
17,451 20,189
Current assets
Stocks 25,000 5,000
Debtors 90,975 75,722
Cash at bank and in hand 89 22,731
116,064 103,453
Creditors: amounts falling due within one year (54,089) (55,935)
Net current assets (liabilities) 61,975 47,518
Total assets less current liabilities 79,426 67,707
Creditors: amounts falling due after more than one year (66,253) (58,411)
Total net assets (liabilities) 13,173 9,296
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 13,171 9,294
Shareholders' funds 13,173 9,296
  • For the year ending 30 April 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 January 2017

And signed on their behalf by:
Davis Abraham, Director

ABRAHAM BUILDING CONTRACTORS LIMITED Registered Number NI049184

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards

Turnover policy
Turnover is the total amount receivable by the company for services provided excluding VAT and trade discounts, derived from the ordinary activities of the company

Tangible assets depreciation policy
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.

Intangible assets amortisation policy
Goodwill is the difference between the fair value of the consideration given on the acquisition of a business and the aggregate fair value of the separate net assets acquired. It is being amortised through the profit and loss account in equal instalments over its estimated economic life of 10 years on a straight-line basis. Goodwill is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

2Tangible fixed assets
£
Cost
At 1 May 2015 68,067
Additions 1,300
Disposals -
Revaluations -
Transfers -
At 30 April 2016 69,367
Depreciation
At 1 May 2015 47,878
Charge for the year 4,038
On disposals -
At 30 April 2016 51,916
Net book values
At 30 April 2016 17,451
At 30 April 2015 20,189
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2 Ordinary shares of £1 each 2 2