| Registered Number:06455506 |
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
ABC-ICT Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
ABC-ICT Limited
Statement of Financial Position
2015
2016
| Property, plant and equipment |
3,799
8,895
2
3,799
8,895
24,900
16,400
| Trade and other receivables |
25,635
45,101
3
1,386
| Cash and cash equivalents |
3,340
64,841
51,921
| Trade and other payables: amounts falling due within one |
| year |
(79,319)
(137,089)
4
(27,398)
(72,248)
Net current liabilities
| Total assets less current liabilities |
(68,449)
(18,503)
(68,449)
Net liabilities
(18,503)
100
100
(68,549)
(18,603)
(68,449)
(18,503)
Shareholders' funds
| For the year ended 31 December 2016 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 of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| These financial statements were approved and authorised for issue by the Board on 19 September 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2016
ABC-ICT Limited
Notes to the Financial Statements
Statutory Information
| ABC-ICT Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 06455506. |
81 Barnehurst Road
Bexleyheath
Kent
DA7 6HD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2016
ABC-ICT Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
27,870
9,127
107
5,737
8,874
4,025
4,025
5,737
107
9,127
27,870
8,874
| Provision for depreciation and impairment |
18,975
7,010
106
4,590
5,927
1,342
Charge for year
5,096
529
-
1,147
737
2,683
24,071
7,539
106
5,737
6,664
4,025
-
2,210
-
1
1,588
3,799
2,683
2,947
1,147
1
2,117
8,895
| 3. Trade and other receivables |
2015
2016
44,101
24,635
1,000
1,000
25,635
45,101
| 4. Trade and other payables: amounts falling due within one year |
2015
2016
3,771
2,233
| Taxation and social security |
84,978
44,013
48,340
33,073
137,089
79,319
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