Abudey & Co. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05923309 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

ABUDEY & CO. LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S L Abudey

Y Kusi

SECRETARY:

Mrs J J Hamilton - Abudey

REGISTERED OFFICE:

First Floor

14 - 16 Powis Street

Woolwich

London

SE18 6LF

REGISTERED NUMBER:

05923309 (England and Wales)

ACCOUNTANTS:

ABUDEY & CO (ACCOUNTANTS)

First Floor

14-16 Powis Street

Woolwich

London

SE18 6LF

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

8,157

7,815

8,157

7,815

CURRENT ASSETS

Debtors

51,364

58,220

Prepayments and accrued income

11,250

-

Cash at bank and in hand

93,271

59,756

155,885

117,976

CREDITORS

Amounts falling due within one year

63,482

43,697

NET CURRENT ASSETS

92,403

74,279

TOTAL ASSETS LESS CURRENT
LIABILITIES

100,560

82,094

CREDITORS

Amounts falling due after more than one
year

33,939

NET ASSETS

66,621

48,155

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

66,521

48,055

SHAREHOLDERS' FUNDS

66,621

48,155

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 June 2016 and were signed on its behalf by:

S L Abudey - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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 etc

-

20% on reducing balance and 15% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

150,000

AMORTISATION

At 1 October 2014

and 30 September 2015

150,000

NET BOOK VALUE

At 30 September 2015

-

At 30 September 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

18,759

Additions

2,125

At 30 September 2015

20,884

DEPRECIATION

At 1 October 2014

10,944

Charge for year

1,783

At 30 September 2015

12,727

NET BOOK VALUE

At 30 September 2015

8,157

At 30 September 2014

7,815

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100

Ordinary

1

100