ABM Electronics Ltd - Abbreviated accounts

Registered number

04051711

ABM Electronics Ltd

Abbreviated Accounts

30 November 2013

ABM Electronics Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of ABM Electronics Ltd for the year ended 30 November 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of ABM Electronics Ltd for the year ended 30 November 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

A J Shah and Company
Chartered Accountants
8 Pinner View
Harrow
Middlesex
HA1 4QA

24 June 2014

ABM Electronics Ltd
Registered number:		04051711
Abbreviated Balance Sheet
as at 30 November 2013

Notes			2013			2012
£				£
Current assets
Stocks		21,485			25,865
Debtors		824			450
Cash at bank and in hand		16,700			17,361
		39,009			43,676

Creditors: amounts falling due within one year		(37,914)			(37,902)

Net current assets			1,095			5,774

Net assets			1,095			5,774

Capital and reserves
Called up share capital	2		2			2
Profit and loss account			1,093			5,772

Shareholders' funds			1,095			5,774

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mahesh Zinzuwadia
Director
Approved by the board on 19 June 2014

ABM Electronics Ltd
Notes to the Abbreviated Accounts
for the year ended 30 November 2013

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		2		2

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		2