Company Registration No. SC307676 (Scotland)
ABLIB SOLUTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
ABLIB SOLUTIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABLIB SOLUTIONS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,707
Current assets
Stocks
1,500
Debtors
(1)
Cash at bank and in hand
5,772
7,271
Creditors: amounts falling due within one year
(21,198)
(16,097)
Net current liabilities
(21,198)
(8,826)
Total assets less current liabilities
(21,198)
(5,119)
Creditors: amounts falling due after more than one year
(16,511)
(21,198)
(21,630)
Capital and reserves
Called up share capital
3
102
102
Profit and loss account
(21,300)
(21,732)
Shareholders' funds
(21,198)
(21,630)
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 September 2014
Mr A Blake
Director
Company Registration No. SC307676
ABLIB SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
Computer equipment
Motor vehicles
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2013 & at 31 March 2014
10,203
Depreciation
At 1 September 2013
6,496
Charge for the year
3,707
At 31 March 2014
10,203
Net book value
At 31 March 2014
-
At 31 August 2013
3,707
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
102 Ordinary of £1 each
102
102