Registered Number 04373909

ABTEC INDUSTRIES LIMITED

Abbreviated Accounts

29 December 2015

ABTEC INDUSTRIES LIMITED Registered Number 04373909

Abbreviated Balance Sheet as at 29 December 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 - -
Investments - -
- -
Current assets
Stocks 106,227 73,486
Debtors 31,363 37,515
Investments - -
Cash at bank and in hand 40,164 14,008
177,754 125,009
Prepayments and accrued income - -
Creditors: amounts falling due within one year (156,179) (114,470)
Net current assets (liabilities) 21,575 10,539
Total assets less current liabilities 21,575 10,539
Creditors: amounts falling due after more than one year (19,418) (8,744)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 2,157 1,795
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 2,155 1,793
Shareholders' funds 2,157 1,795
  • For the year ending 29 December 2015 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 28 September 2016

And signed on their behalf by:
Mr M J Ring, Director
Ms M E Ring, Director

ABTEC INDUSTRIES LIMITED Registered Number 04373909

Notes to the Abbreviated Accounts for the period ended 29 December 2015

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 January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 25% straight line
Fixtures & Fittings - 25% straight line

Valuation information and policy
Stock is valued at the lower of purchase cost and net realisable value.

Other accounting policies
Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all liabilities.

2Tangible fixed assets
£
Cost
At 31 December 2014 13,978
Additions 646
Disposals -
Revaluations -
Transfers -
At 29 December 2015 14,624
Depreciation
At 31 December 2014 13,978
Charge for the year 646
On disposals -
At 29 December 2015 14,624
Net book values
At 29 December 2015 0
At 30 December 2014 0
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2 Ordinary shares of £1 each 2 2