Registered Number 06535778

ABFAST LIMITED

Abbreviated Accounts

31 March 2014

ABFAST LIMITED Registered Number 06535778

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 - 693
- 693
Current assets
Debtors 7,670 35,076
Cash at bank and in hand - 3
7,670 35,079
Creditors: amounts falling due within one year (7,570) (20,266)
Net current assets (liabilities) 100 14,813
Total assets less current liabilities 100 15,506
Total net assets (liabilities) 100 15,506
Capital and reserves
Called up share capital 3 100 100
Profit and loss account - 15,406
Shareholders' funds 100 15,506
  • For the year ending 31 March 2014 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 directors acknowledge their 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 Board on 24 June 2014

And signed on their behalf by:
M L Mawbey, Director

ABFAST LIMITED Registered Number 06535778

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Computer equipment - 33.3% straight line
Fixtures, fittings and equipment - 25% straight line

2Tangible fixed assets
£
Cost
At 1 April 2013 1,014
Additions -
Disposals (541)
Revaluations -
Transfers -
At 31 March 2014 473
Depreciation
At 1 April 2013 321
Charge for the year 152
On disposals -
At 31 March 2014 473
Net book values
At 31 March 2014 0
At 31 March 2013 693
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: M L Mawbey
Description of the transaction: advances
Balance at 1 April 2013: £ 18,450
Advances or credits made: -
Advances or credits repaid: £ 18,450
Balance at 31 March 2014: £ 0