REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 30 November 2012 |
for |
Abidu Limited |
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 30 November 2012 |
for |
Abidu Limited |
Abidu Limited (Registered number: 05623615) |
Contents of the Financial Statements |
for the Year Ended 30 November 2012 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Profit and Loss Account | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
Abidu Limited |
Company Information |
for the Year Ended 30 November 2012 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Abidu Limited (Registered number: 05623615) |
Report of the Director |
for the Year Ended 30 November 2012 |
The director presents his report with the financial statements of the Company for the year ended 30 November 2012. |
PRINCIPAL ACTIVITY |
The principal activity of the Company in the year under review was that of lavatory cleaning. |
DIRECTOR |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
to small companies. |
ON BEHALF OF THE BOARD: |
Abidu Limited (Registered number: 05623615) |
Profit and Loss Account |
for the Year Ended 30 November 2012 |
2012 | 2011 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING LOSS | 2 | ( |
) |
Interest payable and similar charges |
LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION |
( |
) |
Tax on loss on ordinary activities | 3 |
LOSS FOR THE FINANCIAL YEAR | ( |
) |
Abidu Limited (Registered number: 05623615) |
Balance Sheet |
30 November 2012 |
2012 | 2011 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Profit and loss account | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. |
The financial statements were approved by the director on |
Abidu Limited (Registered number: 05623615) |
Notes to the Financial Statements |
for the Year Ended 30 November 2012 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared on the going concern basis. This assumes that the company will |
continue in operational existence for the foreseeable future. |
At the balance sheet date, the company's liabilities for the year ended 30 November 2012 exceed its assets. The |
director of the company has sought assurance from the creditors that their debts will not be called in within the |
next twelve months. The director and shareholder have confirmed continued support and consider the company |
retains sufficient working capital to continue trading for the foreseeable future. |
The director has therefore deemed it appropriate that the financial statements be prepared on the going concern |
basis. |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
2. | OPERATING LOSS |
The operating loss is stated after charging: |
2012 | 2011 |
£ | £ |
Depreciation - owned assets |
Director's remuneration |
3. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose on ordinary activities for the year ended 30 November 2012 nor for the |
year ended 30 November 2011. |
Abidu Limited (Registered number: 05623615) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2012 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 December 2011 |
and 30 November 2012 |
DEPRECIATION |
At 1 December 2011 |
Charge for year |
At 30 November 2012 |
NET BOOK VALUE |
At 30 November 2012 |
At 30 November 2011 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2012 | 2011 |
£ | £ |
Trade debtors | - | 4,025 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2012 | 2011 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Directors' current accounts | 285 | - |
Accrued expenses | 840 | - |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2012 | 2011 |
value: | £ | £ |
Ordinary share | 1 |
8. | RESERVES |
Profit |
and loss |
account |
£ |
At 1 December 2011 | ( |
) |
Deficit for the year | ( |
) |
At 30 November 2012 | ( |
) |
Abidu Limited (Registered number: 05623615) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2012 |
9. | RELATED PARTY DISCLOSURES |
During the year under review the company had related party transactions with its director, Mr S O Ebhota. These |
transactions were limited to interest free loans made to the company. |
At the close of business on 30 November 2012 the balance in favour of the director was £285. |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party of the company during the year under review was Mr S O Ebhota, sole director by |
virtue of holding 100% of the ordinary share capital of the company. |