REGISTERED NUMBER: 05650861 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

AB INTERNET LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Round

Mrs D Rizan Stott

N Tucker

REGISTERED OFFICE:

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

REGISTERED NUMBER:

05650861 (England and Wales)

ACCOUNTANTS:

Russell Payne & Co Limited

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Tangible assets

2

375,684

172,440

CURRENT ASSETS

Stocks

27,410

52,039

Debtors

321,331

138,669

Cash at bank and in hand

25,431

6,313

374,172

197,021

CREDITORS

Amounts falling due within one year

648,160

257,139

NET CURRENT LIABILITIES

(273,988

)

(60,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101,696

112,322

CREDITORS

Amounts falling due after more than one year

20,177

35,539

NET ASSETS

81,519

76,783

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

80,519

75,783

SHAREHOLDERS' FUNDS

81,519

76,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 December 2016 and were signed on its behalf by:

Mrs D Rizan Stott - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis which assumes the continuing support of its

directors as disclosed in note 7.

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 January 2015).

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

421,443

Additions

290,062

At 31 March 2016

711,505

DEPRECIATION

At 1 April 2015

249,003

Charge for year

86,818

At 31 March 2016

335,821

NET BOOK VALUE

At 31 March 2016

375,684

At 31 March 2015

172,440

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

1

1,000

1,000