Registered Number NI048642

A & B TRADING LTD

Abbreviated Accounts

30 November 2015

A & B TRADING LTD Registered Number NI048642

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 126,412 118,136
126,412 118,136
Current assets
Stocks 10,500 11,500
Debtors 123,891 118,814
Cash at bank and in hand 33,325 13,356
167,716 143,670
Creditors: amounts falling due within one year (186,240) (219,518)
Net current assets (liabilities) (18,524) (75,848)
Total assets less current liabilities 107,888 42,288
Creditors: amounts falling due after more than one year (12,923) -
Total net assets (liabilities) 94,965 42,288
Capital and reserves
Called up share capital 3 4 4
Profit and loss account 94,961 42,284
Shareholders' funds 94,965 42,288
  • For the year ending 30 November 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 9 August 2016

And signed on their behalf by:
Bryan Simmons, Director

A & B TRADING LTD Registered Number NI048642

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

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

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Leasehold properties - Straight line over the life of the lease
Plant and machinery - 25% Straight Line
Fixtures, fittings and equipment - 25% Straight Line
Motor Vehicles - 25% Straight Line

Other accounting policies
Stock

Stock is valued at the lower of cost and net realisable value.

Going Concern

Going Concern is not considered to be an issue.

2Tangible fixed assets
£
Cost
At 1 December 2014 365,830
Additions 29,570
Disposals -
Revaluations -
Transfers -
At 30 November 2015 395,400
Depreciation
At 1 December 2014 247,694
Charge for the year 21,294
On disposals -
At 30 November 2015 268,988
Net book values
At 30 November 2015 126,412
At 30 November 2014 118,136
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
4 Ordinary shares of £1 each 4 4

4Transactions with directors

Name of director receiving advance or credit: Bryan Simmons
Description of the transaction: Transactions with director
Balance at 1 December 2014: £ 76,705
Advances or credits made: £ 6,040
Advances or credits repaid: -
Balance at 30 November 2015: £ 82,745

Bryan Simmons had interest free loans during the year. The movement on these loans are detailed above. The balance owed by the director to the company at 30th November 2015 was £82,745.