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Company Registration No. 04738199 (England and Wales)
Abiker Limited Unaudited accounts for the year ended 31 March 2017
Abiker Limited Unaudited accounts Contents
Page
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Abiker Limited Company Information for the year ended 31 March 2017
Director
Mr B Abiker
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
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Abiker Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,907 
21,053 
Current assets
Inventories
22,294 
20,698 
Debtors
76,283 
75,256 
Cash at bank and in hand
125,340 
128,615 
223,917 
224,569 
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 
Capital and reserves
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
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Abiker Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 March 2017
- 
11,656 
251 
11,907 
At 31 March 2016
4,458 
16,168 
427 
21,053 
5
Inventories
2017 
2016 
£ 
£ 
Raw materials
22,294 
20,698 
22,294 
20,698 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
74,972 
68,325 
Accrued income and prepayments
1,311 
1,388 
Other debtors
- 
5,543 
76,283 
75,256 
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 
Accruals
1,000 
1,000 
103,288 
82,900 
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).
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