ABI Nurseries Ltd Small abbreviated accounts

COMPANY REGISTRATION NUMBER 07259540

ABI Nurseries Ltd

Abbreviated accounts

30 June 2016

ABI Nurseries Ltd

Abbreviated balance sheet

30 June 2016

	2016		2015
Note	£	£	£

Fixed assets	2
Intangible assets		16,500	22,500
Tangible assets		43,711	2,580
		--------	--------
		60,211	25,080
		--------	--------

Current assets

Debtors	180,128	662
Cash at bank and in hand	67,581	70,809
	---------	--------
	247,709	71,471
Creditors: Amounts falling due within one year	243,788	32,870
	---------	--------

Net current assets		3,921	38,601

	--------	--------
Total assets less current liabilities	64,132	63,681
	--------	--------

Capital and reserves

Called up equity share capital	3	99	99
Profit and loss account		64,033	63,582

	--------	--------
Shareholders' funds	64,132	63,681
	--------	--------

For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 6 January 2017 .

Mr J Taylor

ABI Nurseries Ltd

Notes to the abbreviated accounts

Year ended 30 June 2016

1. Accounting policies

(a) Basis of accounting

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).

(b) Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year.

(c) Amortisation

Amortisation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Goodwill-20% on cost

(d) Fixed assets

All fixed assets are initially recorded at cost.

(e) Depreciation

Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Leasehold Property-20% on cost

Fixtures & Fittings-20% on cost

Equipment-33% on cost

(f) 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.

2. Fixed assets

Intangible Assets	Tangible Assets	Total
£	£	£

Cost

At 1 July 2015	50,000	5,823	55,823
Additions	–	47,675	47,675
	--------	--------	---------
At 30 June 2016	50,000	53,498	103,498
	--------	--------	---------

Depreciation

At 1 July 2015	27,500	3,243	30,743
Charge for year	6,000	6,544	12,544
	--------	------	--------
At 30 June 2016	33,500	9,787	43,287
	--------	------	--------

Net book value

At 30 June 2016	16,500	43,711	60,211
	--------	--------	--------

At 30 June 2015	22,500	2,580	25,080
	--------	--------	--------

3. Share capital

Allotted, called up and fully paid:

2016		2015
No.	£	No.	£

Ordinary shares of £ 1 each	99	99	99	99
	----	----	----	----