Abel Business Consulting Limited 04545127 true false 2012-10-01 2013-09-30 2013-09-30 04545127 2012-10-01 2013-09-30 04545127 2013-09-30 04545127 uk-bus:OrdinaryShareClass1 2013-09-30 04545127 uk-gaap:OfficeEquipment 2013-09-30 04545127 uk-bus:Director2 2012-10-01 2013-09-30 04545127 uk-bus:OrdinaryShareClass1 2012-10-01 2013-09-30 04545127 uk-bus:EntityAccountantsOrAuditors 2012-10-01 2013-09-30 04545127 uk-gaap:OfficeEquipment 2012-10-01 2013-09-30 04545127 2012-09-30 04545127 uk-gaap:OfficeEquipment 2012-09-30 04545127 2012-09-30 04545127 uk-bus:OrdinaryShareClass1 2012-09-30 04545127 uk-gaap:OfficeEquipment 2012-09-30 iso4217:GBP xbrli:shares

Registration number: 04545127

Abel Business Consulting Limited

Annual Report and Unaudited Accounts

for the Year Ended 30 September 2013
 

Acconomy Limited
Chartered Certified Accountants
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ

 

Abel Business Consulting Limited
(Registration number: 04545127)
Balance Sheet at 30 September 2013

 

Note

   

2013
£

   

2012
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

1

   

1

 

Current assets

 

   

   

 

Cash at bank and in hand

 

   

535

   

535

 

Creditors: Amounts falling due within one year

 

3

   

(6,146)

   

(6,146)

 

Net current liabilities

 

   

(5,611)

   

(5,611)

 

Net liabilities

 

   

(5,610)

   

(5,610)

 

Capital and reserves

 

   

   

 

Called up share capital

 

4

   

100

   

100

 

Profit and loss account

 

   

(5,710)

   

(5,710)

 

Shareholders' deficit

 

   

(5,610)

   

(5,610)

 

For the year ending 30 September 2013 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the director on 5 June 2014

.........................................
Mr John Abel
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Abel Business Consulting Limited
Notes to the financial statements for the Year Ended 30 September 2013
......... continued

1

Accounting policies

Trading status

The company was dormant and has not traded during the year.

Going concern

At the balance sheet date the current liabilities exceeded assets by £5,610. The director has confirmed that he will continue to support the company in the provision of working capital for at least the forthcoming year.

The financial statements have been prepared on a going concern basis, which assumes the company will be in operational existance for the forseeable future. The director believes this is appropriate.

Depreciation

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

Asset class

Depreciation method and rate

Office equipment

33.33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Tangible fixed assets

 

Office equipment
£

   

Total
£

 

Cost or valuation

 

   

 

At 1 October 2012

 

417

   

417

 

Depreciation

 

   

 

At 1 October 2012

 

416

   

416

 

Net book value

 

   

 

At 30 September 2013

 

1

   

1

 

At 30 September 2012

 

1

   

1

 

3

Creditors: Amounts falling due within one year

 

2013
£

   

2012
£

 

 

   

 

Other creditors

 

6,146

   

6,146

 
 

Abel Business Consulting Limited
Notes to the financial statements for the Year Ended 30 September 2013
......... continued

4

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

5

Related party transactions

Director's advances and credits

 

2013
Advance/ Credit
£

2013
Repaid
£

2012
Advance/ Credit
£

2012
Repaid
£

Mr John Abel

Monies owed to director

(4,147)

-

(4,147)

-

         
         

Other related party transactions

During the year the company made the following related party transactions:

Directors
(Mr John Abel (a director) is in business as Abel Business Consulting.)
At 30 September 2012 and 2013 the Company owed Abel Business Consulting for services purchased in previous periods. At the balance sheet date the amount due from Directors was £1,764 (2012 - £1,764).