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REGISTERED NUMBER: 04320212 (England and Wales)















Financial Statements for the Year Ended 31 January 2017

for

Abraham Accountants Ltd

Abraham Accountants Ltd (Registered number: 04320212)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abraham Accountants Ltd

Company Information
for the Year Ended 31 January 2017







DIRECTORS: Mr M Ahmed
Mr F Ben-Ahmed





REGISTERED OFFICE: 46 Houghton Place
Bradford
West Yorkshire
BD1 3RG





REGISTERED NUMBER: 04320212 (England and Wales)





ACCOUNTANTS: Abraham Chartered Certified Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Abraham Accountants Ltd (Registered number: 04320212)

Balance Sheet
31 January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,000 33,000
Tangible assets 5 22,204 18,448
55,204 51,448

CURRENT ASSETS
Stocks 38,171 36,926
Debtors 6 2,000 1,000
Cash at bank and in hand 22,459 18,442
62,630 56,368
CREDITORS
Amounts falling due within one year 7 106,179 94,801
NET CURRENT LIABILITIES (43,549 ) (38,433 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,655

13,015

CREDITORS
Amounts falling due after more than
one year

8

-

(7,051

)

PROVISIONS FOR LIABILITIES (2,779 ) (3,690 )
NET ASSETS 8,876 2,274

Abraham Accountants Ltd (Registered number: 04320212)

Balance Sheet - continued
31 January 2017

2017 2016
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,776 2,174
SHAREHOLDERS' FUNDS 8,876 2,274

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 October 2017 and were
signed on its behalf by:





Mr M Ahmed - Director


Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Abraham Accountants Ltd 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 is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet date.


Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred tax
is measured using tax rates and laws that have been enacted or substantively enacted by the year
end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2016
and 31 January 2017 33,000
NET BOOK VALUE
At 31 January 2017 33,000
At 31 January 2016 33,000

Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2016 98,054
Additions 11,158
At 31 January 2017 109,212
DEPRECIATION
At 1 February 2016 79,606
Charge for year 7,402
At 31 January 2017 87,008
NET BOOK VALUE
At 31 January 2017 22,204
At 31 January 2016 18,448

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2017 2016
£    £   
Trade debtors 2,000 1,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2017 2016
£    £   
Bank loans and overdrafts 6,458 10,246
Trade creditors 14,264 15,019
Taxation and social security 26,545 9,546
Other creditors 58,912 59,990
106,179 94,801

Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2017 2016
£    £   
Other creditors - 7,051