REGISTERED NUMBER: 06155312 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Abeto Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A K Roberts

SECRETARY:

T A Roberts

REGISTERED OFFICE:

47 Lucknow Drive

Nottingham

Nottinghamshire

NG3 5EU

REGISTERED NUMBER:

06155312 (England and Wales)

ACCOUNTANTS:

Botham Accounting Limited

Chartered Accountants

14 Clarendon Street

Nottingham

Nottinghamshire

NG1 5HQ

FIXED ASSETS

Tangible assets

4

4,522

4,740

CURRENT ASSETS

Debtors

5

2,521,751

874,117

Cash at bank and in hand

271,357

33,135

2,793,108

907,252

CREDITORS

Amounts falling due within one year

6

1,619,065

505,182

NET CURRENT ASSETS

1,174,043

402,070

TOTAL ASSETS LESS CURRENT LIABILITIES

1,178,565

406,810

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,178,465

406,710

SHAREHOLDERS' FUNDS

1,178,565

406,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19 March 2018 and were signed by:

A K Roberts - Director

1.	STATUTORY INFORMATION

Abeto Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment

of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2016

5,935

Additions

1,288

At 31 August 2017

7,223

DEPRECIATION

At 1 September 2016

1,195

Charge for year

1,506

At 31 August 2017

2,701

NET BOOK VALUE

At 31 August 2017

4,522

At 31 August 2016

4,740

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

300,000

Other debtors

2,226,751

395,112

Tax

-

4,005

Prepayments and accrued income

295,000

175,000

2,521,751

874,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,236

-

Tax

188,496

104,344

VAT

6,588

45,458

Other creditors

1,199,578

310,000

Directors' current accounts

44,651

12,364

Accrued expenses

178,516

33,016

1,619,065

505,182

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A K Roberts.