Registered Number 01344579

ABBIT LIMITED

Abbreviated Accounts

31 August 2016

ABBIT LIMITED Registered Number 01344579

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,772 5,151
Investments 3 43,779 43,779
48,551 48,930
Current assets
Debtors 140 140
Cash at bank and in hand 879 1,096
1,019 1,236
Creditors: amounts falling due within one year (43,603) (43,747)
Net current assets (liabilities) (42,584) (42,511)
Total assets less current liabilities 5,967 6,419
Total net assets (liabilities) 5,967 6,419
Capital and reserves
Called up share capital 100 100
Share premium account 5,867 6,319
Shareholders' funds 5,967 6,419
  • For the year ending 31 August 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 May 2017

And signed on their behalf by:
Mr EW Harries, Director

ABBIT LIMITED Registered Number 01344579

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

Land and buildings - 2% on cost
Plant & machinery - 25% on cost

2Tangible fixed assets
£
Cost
At 1 September 2015 19,408
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 19,408
Depreciation
At 1 September 2015 14,257
Charge for the year 379
On disposals -
At 31 August 2016 14,636
Net book values
At 31 August 2016 4,772
At 31 August 2015 5,151

3Fixed assets Investments
Investments other than loans
£
COST
At 1 September 2015
and 31 August 2016 43,779

NET BOOK VALUE
At 31 August 2016 43,779

At 31 August 2015 43,779

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Xecon Limited
Nature of business: Equipment Hire
Class of shares: Ordinary
% holding : 100
31.8.16 31.8.15
£ £
Aggregate capital and reserves 82,035 84,367
Loss for the year (2,332) (2,961)