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ABV SOLICITORS LIMITED
REGISTERED NUMBER: 07170197
ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2016
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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PROVISIONS FOR LIABILITIES
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The directors consider that the Company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Company as at 31 March 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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ABV SOLICITORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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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 January 2015).
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Fee income represents revenue earned under a variety of contracts to provide professional services.
Revenue is recognised as earned when, and to the extent that, the firm obtains the right to
consideration in exchange for its peformance under these contracts. It is measured at the fair value
of the right to consideration, which represents amounts chargeable to clients excluding value added
tax.
Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.
Services are usually provided on a continuous basis, fees being accounted for as work is performed, in accordance with Financial Reporting Standard 5 and UITF40.
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Intangible fixed assets and amortisation
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Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and Loss Account over its estimated economic life.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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S/Term Leasehold Property
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2.INTANGIBLE FIXED ASSETS
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At 1 April 2015 and 31 March 2016
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At 1 April 2015 and 31 March 2016
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Page 2
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ABV SOLICITORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
3.TANGIBLE FIXED ASSETS
4.SHARE CAPITAL
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Allotted, called up and fully paid
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100,000 Ordinary shares of £1 each
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DIRECTORS ADVANCES, CREDITS AND GUARANTEES
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At 1 April 2015 D Vij''s current account was £46,455Cr, during the year personal expenses were paid on behalf of the director totalling £-, he made repayments of £- and was charged interest of £3,817, leaving a balance of £37,119 as at 31 March 2016.
 
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