Registered Number SC222656

ABSLIDE LTD.

Abbreviated Accounts

31 August 2016

ABSLIDE LTD. Registered Number SC222656

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 370 493
370 493
Current assets
Debtors 29,301 68,738
Cash at bank and in hand 41,254 -
70,555 68,738
Creditors: amounts falling due within one year (27,769) (26,278)
Net current assets (liabilities) 42,786 42,460
Total assets less current liabilities 43,156 42,953
Total net assets (liabilities) 43,156 42,953
Capital and reserves
Called up share capital 1 1
Profit and loss account 43,155 42,952
Shareholders' funds 43,156 42,953
  • For the year ending 31 August 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 7 February 2017

And signed on their behalf by:
Alastair Robertson, Director

ABSLIDE LTD. Registered Number SC222656

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
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:
Computer Equipment 25% Reducing balance

2Tangible fixed assets
£
Cost
At 1 September 2015 2,187
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 2,187
Depreciation
At 1 September 2015 1,694
Charge for the year 123
On disposals -
At 31 August 2016 1,817
Net book values
At 31 August 2016 370
At 31 August 2015 493