Company Registration No. 05909642 (England and Wales)
ABC Components Limited
Unaudited accounts
for the year ended 31 March 2017
ABC Components Limited
Unaudited accounts
Contents
ABC Components Limited
Company Information
for the year ended 31 March 2017
Director
Mahdad Behin-Aein
Secretary
Mahdad Behin-Aein
Company Number
05909642 (England and Wales)
Registered Office
CAPITAL HOUSE UNIT 4 PARK HOUSE BUSINESS
DESBOROUGH PARK ROAD
HIGH WYCOMBE
BUCKINGHAMSHIRE
HP12 3DJ
Accountants
Kimti and Co-Accountants
387 Allenby Road
Southall
Middlesex
UB1 2HF
ABC Components Limited
Statement of financial position
as at 31 March 2017
Tangible assets
12,865
16,081
Cash at bank and in hand
3,522
3,156
Creditors: amounts falling due within one year
(199,766)
(169,446)
Net current liabilities
(681)
(5,648)
Called up share capital
100
100
Profit and loss account
12,084
10,333
Shareholders' funds
12,184
10,433
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 August 2017.
Mahdad Behin-Aein
Director
Company Registration No. 05909642
ABC Components Limited
Notes to the Accounts
for the year ended 31 March 2017
ABC Components Limited is a private company, limited by shares, registered in England and Wales, registration number 05909642. The registered office and principal place of business is CAPITAL HOUSE UNIT 4 PARK HOUSE BUSINESS, DESBOROUGH PARK ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE, HP12 3DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
ABC Components Limited
Notes to the Accounts
for the year ended 31 March 2017
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Tangible fixed assets
Plant & machinery
Finished goods
28,275
27,750
Trade debtors
138,257
125,001
Other debtors
29,031
7,891
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Creditors: amounts falling due within one year
2017
2016
Trade creditors
157,830
102,941
Taxes and social security
41,796
59,153
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 4 (2016: 4).