REGISTERED NUMBER: 04040726 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2012

for

ABE Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D A Blackman

REGISTERED OFFICE:

Mill Lodge

Mill Lane

Thorpe-le-Soken

Clacton-on-Sea

Essex

CO16 0ED

REGISTERED NUMBER:

04040726 (England and Wales)

ACCOUNTANTS:

Finnigan & Co

37 Lower Brook Street

Ipswich

Suffolk

IP4 1AQ

FIXED ASSETS

Tangible assets

2

333

426

CURRENT ASSETS

Debtors

1,779

1,912

Cash at bank

349

554

2,128

2,466

CREDITORS

Amounts falling due within one year

13,309

13,208

NET CURRENT LIABILITIES

(11,181

)

(10,742

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,848

)

(10,316

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(10,948

)

(10,416

)

SHAREHOLDERS' FUNDS

(10,848

)

(10,316

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2012 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 13 February 2013 and were signed by:

Mr D A Blackman - 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2011

and 31 July 2012

6,129

DEPRECIATION

At 1 August 2011

5,703

Charge for year

93

At 31 July 2012

5,796

NET BOOK VALUE

At 31 July 2012

333

At 31 July 2011

426

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.12

31.7.11

value:

£

£

100

Ordinary

£1

100

100