ABW Resources Limited 02619965 false true 2015-09-01 2016-08-31 2016-08-31 02619965 2015-09-01 2016-08-31 02619965 2016-08-31 02619965 uk-bus:OrdinaryShareClass1 2016-08-31 02619965 uk-bus:Director1 2015-09-01 2016-08-31 02619965 uk-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 02619965 uk-gaap:FixturesFittings 2015-09-01 2016-08-31 02619965 uk-gaap:OfficeEquipment 2015-09-01 2016-08-31 02619965 2015-08-31 02619965 2015-08-31 02619965 uk-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP xbrli:shares

Registration number: 02619965

ABW Resources Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

 

ABW Resources Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ABW Resources Limited
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABW Resources Limited for the year ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of ABW Resources Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ABW Resources Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABW Resources Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ABW Resources Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ABW Resources Limited. You consider that ABW Resources Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ABW Resources Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Lewis & Co Chartered Accountants
75 Kenton Street
London
WC1N 1NN

19 May 2017

 

ABW Resources Limited
(Registration number: 02619965)
Abbreviated Balance Sheet at 31 August 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

2,270

   

3,404

 

Current assets

 

             

Debtors

 

   

16,180

   

1,101

 

Cash at bank and in hand

 

   

4,412

   

185,557

 
   

   

20,592

   

186,658

 

Creditors: Amounts falling due within one year

 

   

(22,626)

   

(133,864)

 

Net current (liabilities)/assets

 

   

(2,034)

   

52,794

 

Net assets

 

   

236

   

56,198

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

136

   

56,098

 

Shareholders' funds

 

   

236

   

56,198

 

For the year ending 31 August 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 director acknowledges his 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 director on 19 May 2017

.........................................
S Whitehead
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

ABW Resources Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1

Accounting policies

Basis of preparation

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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class

Depreciation method and rate

Office equipment

Straight line over 4 years

Fixtures and fittings

Straight line over 4 years

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 September 2015

 

23,101

   

23,101

 

At 31 August 2016

 

23,101

   

23,101

 

Depreciation

           

At 1 September 2015

 

19,697

   

19,697

 

Charge for the year

 

1,134

   

1,134

 

At 31 August 2016

 

20,831

   

20,831

 

Net book value

           

At 31 August 2016

 

2,270

   

2,270

 

At 31 August 2015

 

3,404

   

3,404

 
 

ABW Resources Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100