AB_BUSINESS_SYSTEMS_LIMIT - Accounts

AB BUSINESS SYSTEMS LIMITED - Company Information

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Company Registration No. 8195259 (England and Wales)

AB BUSINESS SYSTEMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

AB BUSINESS SYSTEMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

AB BUSINESS SYSTEMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Current assets

Stocks

1,734,655

1,676,803

Cash at bank and in hand

237

1,735

1,734,892

1,678,538

Creditors: amounts falling due within one year

(1,637,387)

(1,679,832)

Total assets less current liabilities

97,505

(1,294)

Capital and reserves

Called up share capital

100,000

Profit and loss account

(2,495)

(1,295)

Shareholders' funds

97,505

(1,294)

For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 May 2015

Alastair Bell

Director

Company Registration No. 8195259

AB BUSINESS SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Share capital

2014

2013

Allotted, called up and fully paid

100,000 Ordinary of £1 each

100,000

During the year 99,999 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.