Company Registration No. 04738199 (England and Wales)
Abiker Limited
Unaudited accounts
for the year ended 31 March 2017
Abiker Limited
Unaudited accounts
Contents
Abiker Limited
Company Information
for the year ended 31 March 2017
Company Number
04738199 (England and Wales)
Registered Office
UNIT 19 GROVE BUSINESS PARK
HENWOOD INDUSTRIAL ESTATE
ASHFORD
KENT
TN24 8AB
Accountants
AC Accounting & Payroll Ltd
34 Hawthorn Road
Ashford
Kent
TN23 3LT
Abiker Limited
Statement of financial position
as at 31 March 2017
Tangible assets
11,907
21,053
Cash at bank and in hand
125,340
128,615
Creditors: amounts falling due within one year
(103,288)
(82,900)
Net current assets
120,629
141,669
Total assets less current liabilities
132,536
162,722
Creditors: amounts falling due after more than one year
(3,119)
(8,910)
Provisions for liabilities
Deferred tax
(4,210)
(4,210)
Net assets
125,207
149,602
Called up share capital
1
1
Profit and loss account
125,206
149,601
Shareholders' funds
125,207
149,602
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 July 2017.
Mr B Abiker
Director
Company Registration No. 04738199
Abiker Limited
Notes to the Accounts
for the year ended 31 March 2017
Abiker Limited is a private company, limited by shares, registered in England and Wales, registration number 04738199. The registered office and principal place of business is UNIT 19 GROVE BUSINESS PARK, HENWOOD INDUSTRIAL ESTATE, ASHFORD, KENT, TN24 8AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Abiker Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
26,715
18,048
529
45,292
At 31 March 2017
26,715
18,048
529
45,292
At 1 April 2016
22,257
1,880
102
24,239
Charge for the year
4,458
4,512
176
9,146
At 31 March 2017
26,715
6,392
278
33,385
At 31 March 2017
-
11,656
251
11,907
At 31 March 2016
4,458
16,168
427
21,053
Raw materials
22,294
20,698
Trade debtors
74,972
68,325
Accrued income and prepayments
1,311
1,388
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
5,346
5,346
Trade creditors
87,846
47,446
Corporation tax
3,055
5,496
Other taxes and social security costs
(800)
1,377
Other creditors
1,515
1,313
Loans from directors
5,326
20,922
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
3,119
8,910
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).