Accounts



















	ABC FIRST AID LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 AUGUST 2017

ABC FIRST AID LTD
Company registered number: 03382023
ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 August 2017

	Note	2017		2016
		£	£	£
FIXED ASSETS
Property, plant and equipment			1,532	1,376
CURRENT ASSETS
Debtors		4,840		2,898
Cash at bank and in hand		9,678		9,989
		14,518		12,887
CREDITORS: Amounts falling due within one year	3	13,239		8,875
NET CURRENT ASSETS			1,279	4,012
NET ASSETS			£2,811	£5,388

CAPITAL AND RESERVES
Called up share capital			1,100	1,100
Retained earnings			1,711	4,288
SHAREHOLDERS' FUNDS			£2,811	£5,388



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question 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 of its financial statements for the year ended 31 August 2017 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.



	These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies

	All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2017 in accordance with Section 444 (2A) of the Companies Act 2006

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
	The financial statements were approved and authorised for issue by the board of directors on 12 January 2018

	Signed on behalf of the board of directors



	A J Bennison, Director

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	ABC FIRST AID LTD
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 AUGUST 2017



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	ABC First Aid Ltd is a private limited by shares company incorporated in England and Wales.

	Registered office:
	16 Fairfield Road Barton on Sea New Milton Hampshire BH25 7NL
	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 September 2016.

	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

	Basis of accounting


	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Taxation


	Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


1e.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Fixtures and fittings	Reducing balance 25%
	Equipment	Reducing balance 25%


1f.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.

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	ABC FIRST AID LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 AUGUST 2017



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1g.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


2.	FIXED ASSETS
		Property	Total
		plant &
		equipment
		£	£
	Cost or valuation
	At 1 September 2016	14,192	14,192
	Additions	667	667
	At 31 August 2017	14,859	14,859

	Provision for depreciation,
	amortisation and impairment
	At 1 September 2016	12,816	12,816
	For the year	511	511
	At 31 August 2017	13,327	13,327

	Net Book Value

	At 31 August 2017	1,532	1,532
	At 31 August 2016	1,376	1,376



3.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2017	2016
		£	£
	Corporation tax	6,152	6,932
	Other taxes and social security	1,705	-
	Other creditors	5,382	1,943
		£13,239	£8,875

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