ABRIGO LIMITED - Filleted accounts

Registered number

04174387

ABRIGO LIMITED

Filleted Accounts

31 December 2017

ABRIGO LIMITED
Registered number:		04174387
Balance Sheet
as at 31 December 2017

Notes			2017			2016
US$				US$
Fixed assets
Investments	2		1			1

Current assets
Debtors	3	1,458,245			1,540,684
Cash at bank and in hand		12,667			31,305
		1,470,912			1,571,989

Creditors: amounts falling due within one year	4	(1,708,314)			(1,493,460)

Net current (liabilities)/assets			(237,402)			78,529

Net (liabilities)/assets			(237,401)			78,530

Capital and reserves
Called up share capital			1,762			1,762
Profit and loss account			(239,163)			76,768

Shareholders' funds			(237,401)			78,530

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Maria Papastefanou
Director
Approved by the board on 21 September 2018

ABRIGO LIMITED
Notes to the Accounts
for the year ended 31 December 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Investments
Investments in
subsidiary
undertakings
US$
	Cost
	At 1 January 2017			1

	At 31 December 2017			1


3	Debtors	2017		2016
US$			US$

	Trade debtors	1,458,245		1,540,684


4	Creditors: amounts falling due within one year	2017		2016
US$			US$

	Bank loans and overdrafts	-		3
	Trade creditors	1,708,314		1,493,457
		1,708,314		1,493,460


5	Other information

	ABRIGO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	5th Floor Charles House
	108-110 Finchley Road
	London
	NW3 5JJ