Registered Number 05591163

ABSTRACT BASE LIMITED

Abbreviated Accounts

31 October 2016

ABSTRACT BASE LIMITED Registered Number 05591163

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,145 1,526
1,145 1,526
Current assets
Debtors 8,880 8,400
Cash at bank and in hand 27,486 15,868
36,366 24,268
Creditors: amounts falling due within one year (34,620) (23,969)
Net current assets (liabilities) 1,746 299
Total assets less current liabilities 2,891 1,825
Total net assets (liabilities) 2,891 1,825
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,891 825
Shareholders' funds 2,891 1,825
  • For the year ending 31 October 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 July 2017

And signed on their behalf by:
Nathan Pope, Director

ABSTRACT BASE LIMITED Registered Number 05591163

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 November 2015 9,502
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2016 9,502
Depreciation
At 1 November 2015 7,976
Charge for the year 381
On disposals -
At 31 October 2016 8,357
Net book values
At 31 October 2016 1,145
At 31 October 2015 1,526