Company Registration No. 04508666 (England and Wales)
ABBERCOM LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
ABBERCOM LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBERCOM LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
309
Current assets
Debtors
13,429
9,600
Cash at bank and in hand
1,039
2,267
14,468
11,867
Creditors: amounts falling due within one year
(6,220)
(10,314)
Net current assets
8,248
1,553
Total assets less current liabilities
8,248
1,862
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
8,246
1,860
Shareholder's funds
8,248
1,862
For the financial year ended 31 August 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 May 2017
L D Cherroud
Director
Company Registration No. 04508666
ABBERCOM LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts, commissions and insurance.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
3,150
Depreciation
At 1 September 2015
2,841
Charge for the year
309
At 31 August 2016
3,150
Net book value
At 31 August 2016
At 31 August 2015
309
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
ABBERCOM LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
4
Related party relationships and transactions
Other transactions
During the year the company paid £1,080 (201 5 : £ 1,080 ) to L D Cherroud, director, for office rental and other services.5: £1,080) to L D Cherroud, director, for office rental and other services.