| Abhaul International Limited |
For the year ended 31 October 2016
Unaudited Abbreviated Financial Statements
England and Wales
Registered Number: 06736143
Abhaul International Limited
For the year ended 31 October 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Abhaul International Limited
Accountants' Report
For the year ended 31 October 2016
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 31 October 2016 and you consider that the company is exempt from an audit under the Companies Act |
| 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
| to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Lambert Clerical Ltd
78 Hambling Drive
Molescroft
East Yorkshire
HU17 9GD
20 March 2017
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| Abbreviated Balance Sheet |
Abhaul International Limited
2016
2015
2
1,884
2,345
1,884
2,345
18,309
11,552
69,857
59,077
81,409
77,386
| Creditors: amounts falling due within one year |
(32,710)
(19,248)
44,676
62,161
Net current assets
| Total assets less current liabilities |
64,045
47,021
(372)
(464)
| Provisions for liabilities |
63,673
Net assets
46,557
7
3
7
63,666
46,550
63,673
46,557
Shareholders funds
| For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 20 March 2017 |
| Signed on behalf of the board of directors |
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| Notes to the Abbreviated Financial Statements |
Abhaul International Limited
For the year ended 31 October 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
The company has not traded throughout the year.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the |
| transaction. All foreign exchange differences are included to the profit and loss account. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| 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: |
Office equipment
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| Notes to the Abbreviated Financial Statements |
Abhaul International Limited
For the year ended 31 October 2016
3,624
3,624
1,279
461
Charge for year
1,740
1,884
2,345
| Allotted called up and fully paid |
2016
2015
| 2 Ordinary Class A shares of £1.00 each |
2
2
| 5 Ordinary Class B shares of £1.00 each |
5
5
7
7
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