Andbob Limited - Period Ending 2015-12-31

Registration number: 07865046

Andbob Limited

Unaudited Abbreviated Accounts

for the Period from 1 December 2014 to 31 December 2015

 

Phillip Carroll Associates Limited
Chartered Certified Accountants
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

Andbob Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Andbob Limited
for the Period Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Andbob Limited for the period ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Andbob Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Andbob Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andbob Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Andbob Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Andbob Limited. You consider that Andbob Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Andbob Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Phillip Carroll Associates Limited
Chartered Certified Accountants
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

10 June 2016

Page 1

Andbob Limited
(Registration number: 07865046)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £			30 November 2014 £
Fixed assets
Intangible fixed assets					-			2,000
Tangible fixed assets					-			375
					-			2,375
Current assets
Stocks					-			54,578
Debtors					45,008			14,164
Cash at bank and in hand					38,113			4,877
					83,121			73,619
Creditors: Amounts falling due within one year					(159,855)			(159,753)
Net current liabilities					(76,734)			(86,134)
Net liabilities					(76,734)			(83,759)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(76,736)			(83,761)
Shareholders' deficit					(76,734)			(83,759)

For the year ending 31 December 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 10 June 2016 and signed on its behalf by:

.........................................
Mr A C Rink
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Andbob Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2014 to 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Negative goodwill is included within fixed assets and released to the profit and loss account in the periods in which the fair values of the non-monetary assets purchased on the same acquisition are recovered, whether through sale or depreciation.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,
over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	4 years straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	4 years straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Andbob Limited
Notes to the Abbreviated Accounts for the Period from 1 December 2014 to 31 December 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 December 2014		8,000			1,500			9,500
Disposals		(8,000)			(1,500)			(9,500)
At 31 December 2015		-			-			-
Depreciation
At 1 December 2014		6,000			1,125			7,125
Eliminated on disposals		(6,000)			(1,125)			(7,125)
At 31 December 2015		-			-			-
Net book value
At 31 December 2015		-			-			-
At 30 November 2014		2,000			375			2,375

3	Share capital

Allotted, called up and fully paid shares

	31 December 2015						30 November 2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4