Abbreviated Company Accounts - ABALONE BUILDING SERVICES LIMITED

02418712 ABALONE BUILDING SERVICES LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 02418712 2015-09-01 2016-08-31 02418712 2016-08-31 02418712 2015-08-31 02418712 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 02418712 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 02418712

ABALONE BUILDING SERVICES LIMITED

Abbreviated Accounts

31 August 2016

ABALONE BUILDING SERVICES LIMITED Registered Number 02418712

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	40,135	44,676
		40,135	44,676
Current assets
Stocks		57,753	48,190
Debtors		272,987	298,387
Cash at bank and in hand		1,733	1,806
		332,473	348,383
Creditors: amounts falling due within one year		(366,156)	(391,716)
Net current assets (liabilities)		(33,683)	(43,333)
Total assets less current liabilities		6,452	1,343
Creditors: amounts falling due after more than one year		(4,868)	-
Total net assets (liabilities)		1,584	1,343
Capital and reserves
Called up share capital	3	99	99
Profit and loss account		1,485	1,244
Shareholders' funds		1,584	1,343

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 26 May 2017

And signed on their behalf by:
K O'CONNOR, Director

ABALONE BUILDING SERVICES LIMITED Registered Number 02418712

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

1Accounting Policies

Basis of measurement and preparation of accounts
The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the net invoiced value of work done, excluding Value Added Tax and is attributable to the one principal activity of the Company wholly carried out in the United Kingdom.

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

Plant and machinery - 15% on reducing balance
Office furniture and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Other accounting policies
Stock and Work in Progress

Stock and work in progress are valued at the lower of cost including attributable overheads and net realisable value, after deducting progress payments

Pensions
The company operates an executive pension scheme through an insurance company and the pension charged represents the amount payable by the company to fund in respect of the year

2Tangible fixed assets

	£
Cost
At 1 September 2015	152,434
Additions	3,029
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	155,463
Depreciation
At 1 September 2015	107,758
Charge for the year	7,570
On disposals	-
At 31 August 2016	115,328
Net book values
At 31 August 2016	40,135
At 31 August 2015	44,676

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
99 Ordinary shares of £1 each	99	99