Abbreviated Company Accounts - AFRICA BOOK CENTRE LIMITED

AFRICA BOOK CENTRE LIMITED - Company Information

Registered Number 02365309

AFRICA BOOK CENTRE LIMITED

Abbreviated Accounts

31 March 2015

AFRICA BOOK CENTRE LIMITED Registered Number 02365309

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	166	333
Investments		-	-
		166	333
Current assets
Stocks		3,023	2,513
Debtors		249	811
Investments		-	-
Cash at bank and in hand		621	1,699
		3,893	5,023
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(5,234)	(15,125)
Net current assets (liabilities)		(1,341)	(10,102)
Total assets less current liabilities		(1,175)	(9,769)
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(1,175)	(9,769)
Capital and reserves
Called up share capital		2,500	2,500
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(3,675)	(12,269)
Shareholders' funds		(1,175)	(9,769)

For the year ending 31 March 2015 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 December 2015

And signed on their behalf by:
G.T.F. Milner, Director

AFRICA BOOK CENTRE LIMITED Registered Number 02365309

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value excluding Value added tax of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% Reducing balance
Computer equipment - 33.33% Straight line

Intangible assets amortisation policy
No intangible assets.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2014	333
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2015	333
Depreciation
At 1 April 2014	0
Charge for the year	167
On disposals	0
At 31 March 2015	167
Net book values
At 31 March 2015	166
At 31 March 2014	333

Depreciation is provided at rates calculated to write off the cost of valuation less residual value of each asset over its expected useful life, as follows: For fixtures and fittings 25% reducing balance and for computer equipment 33.33% straight line.