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REGISTERED NUMBER: 06707794 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2017

for

ABI TRADING LIMITED

ABI TRADING LIMITED (REGISTERED NUMBER: 06707794)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABI TRADING LIMITED

Company Information
for the Year Ended 31 March 2017







DIRECTOR: Mrs Sivaneswary Vasan





REGISTERED OFFICE: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD





REGISTERED NUMBER: 06707794 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

ABI TRADING LIMITED (REGISTERED NUMBER: 06707794)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,000 42,250
Tangible assets 5 40,050 45,016
79,050 87,266

CURRENT ASSETS
Stocks 6 136,865 121,899
Debtors 7 15,209 7,292
Cash at bank and in hand 22,502 21,638
174,576 150,829
CREDITORS
Amounts falling due within one year 8 139,914 161,805
NET CURRENT ASSETS/(LIABILITIES) 34,662 (10,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,712

76,290

CREDITORS
Amounts falling due after more than
one year

9

12,703

17,959
NET ASSETS 101,009 58,331

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,909 58,231
SHAREHOLDERS' FUNDS 101,009 58,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

ABI TRADING LIMITED (REGISTERED NUMBER: 06707794)

Balance Sheet - continued
31 March 2017


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 4 November 2017 and were signed by:





Mrs Sivaneswary Vasan - Director


ABI TRADING LIMITED (REGISTERED NUMBER: 06707794)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Abi Trading Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet date.


ABI TRADING LIMITED (REGISTERED NUMBER: 06707794)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred tax
is measured using tax rates and laws that have been enacted or substantively enacted by the
year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 65,000
AMORTISATION
At 1 April 2016 22,750
Amortisation for year 3,250
At 31 March 2017 26,000
NET BOOK VALUE
At 31 March 2017 39,000
At 31 March 2016 42,250

ABI TRADING LIMITED (REGISTERED NUMBER: 06707794)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2016 7,533 19,313 60,981 7,995 95,822
Additions - 910 - - 910
At 31 March 2017 7,533 20,223 60,981 7,995 96,732
DEPRECIATION
At 1 April 2016 - 10,082 35,259 5,465 50,806
Charge for year - 1,384 3,859 633 5,876
At 31 March 2017 - 11,466 39,118 6,098 56,682
NET BOOK VALUE
At 31 March 2017 7,533 8,757 21,863 1,897 40,050
At 31 March 2016 7,533 9,231 25,722 2,530 45,016

6. STOCKS
2017 2016
£    £   
Stocks 136,865 121,899

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 191 235
Prepayments 15,018 7,057
15,209 7,292

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 24,950 23,153
Trade creditors 15,022 2,267
Tax 38,053 23,812
Social security and other taxes 549 754
VAT 3,764 2,956
Other Creditors 2,000 -
Directors' current accounts 52,576 105,861
Accrued expenses 3,000 3,002
139,914 161,805

ABI TRADING LIMITED (REGISTERED NUMBER: 06707794)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 1-2 years 5,256 5,257
Bank loans - 2-5 years 7,447 12,702
12,703 17,959

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the director .

The Company paid the director £12,000 toward the rent

11. ULTIMATE CONTROLLING PARTY

Ultimate controlling parties are Mr Kamalanathan Vasan and Mrs Sivaneswary Vasan.