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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
Page
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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
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ABC Components Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,865 
16,081 
Current assets
Inventories
28,275 
27,750 
Debtors
167,288 
132,892 
Cash at bank and in hand
3,522 
3,156 
199,085 
163,798 
Creditors: amounts falling due within one year
(199,766)
(169,446)
Net current liabilities
(681)
(5,648)
Net assets
12,184 
10,433 
Capital and reserves
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
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ABC Components Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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ABC Components Limited Notes to the Accounts for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2016
41,250 
At 31 March 2017
41,250 
Depreciation
At 1 April 2016
25,169 
Charge for the year
3,216 
At 31 March 2017
28,385 
Net book value
At 31 March 2017
12,865 
At 31 March 2016
16,081 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
28,275 
27,750 
28,275 
27,750 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
138,257 
125,001 
Other debtors
29,031 
7,891 
167,288 
132,892 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
157,830 
102,941 
Taxes and social security
41,796 
59,153 
Other creditors
140 
7,352 
199,766 
169,446 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 4 (2016: 4).
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