Abacus Blinds And Awnings (Southeast) - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 09024821 (England and Wales)

Abbreviated Unaudited Accounts

For The Period 6 May 2014 to 30 June 2015

for

Abacus Blinds And Awnings (Southeast)

Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M A Watson

Mrs M B Watson

SECRETARY:

REGISTERED OFFICE:

Unit 14

View Point Boxley Road

Penenden Heath

Maidstone

Kent

ME14 2DZ

REGISTERED NUMBER:

09024821 (England and Wales)

ACCOUNTANTS:

Mike Slade & Co

Chartered Accountants

114 High Street

Rayleigh

Essex

SS6 7BY

FIXED ASSETS

Intangible assets

2

67,830

Tangible assets

3

25,894

93,724

CURRENT ASSETS

Stocks

21,327

Debtors

14,524

Cash at bank and in hand

52,756

88,607

CREDITORS

Amounts falling due within one year

156,780

NET CURRENT LIABILITIES

(68,173

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,551

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

25,550

SHAREHOLDERS' FUNDS

25,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 August 2015 and were signed on its behalf by:

Mr M A Watson - Director

Mrs M B Watson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

84,788

At 30 June 2015

84,788

AMORTISATION

Amortisation for period

16,958

At 30 June 2015

16,958

NET BOOK VALUE

At 30 June 2015

67,830

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

36,025

Disposals

(1,500

)

At 30 June 2015

34,525

DEPRECIATION

Charge for period

8,631

At 30 June 2015

8,631

NET BOOK VALUE

At 30 June 2015

25,894

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1

1