REGISTERED NUMBER: 05583700

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

A B I CONTRACTS (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A BROGAN

SECRETARY:

MRS K BROGAN

REGISTERED OFFICE:

11 Portland Road

Edgbaston

BIRMINGHAM

West Midlands

B16 9HN

REGISTERED NUMBER:

05583700

ACCOUNTANTS:

SHABIR NAWAB & CO

11 PORTLAND ROAD

EDGBASTON

BIRMINGHAM

West Midlands

B16 9HN

FIXED ASSETS

Tangible assets

2

13,388

15,901

CURRENT ASSETS

Stocks

6,354

4,875

Debtors

75,421

48,926

Cash at bank

36,934

6,865

118,709

60,666

CREDITORS

Amounts falling due within one year

142,259

69,357

NET CURRENT LIABILITIES

(23,550

)

(8,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,162

)

7,210

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(10,163

)

7,209

SHAREHOLDERS' FUNDS

(10,162

)

7,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 July 2015 and were signed by:

A BROGAN - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

43,201

Additions

7,659

At 31 October 2014

50,860

DEPRECIATION

At 1 November 2013

27,300

Charge for year

10,172

At 31 October 2014

37,472

NET BOOK VALUE

At 31 October 2014

13,388

At 31 October 2013

15,901

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

ORDINARY

1

1

1