African Business Solutions Limited,Ltd - Accounts

African Business Solutions Limited,Ltd - Accounts

AFRICAN BUSINESS SOLUTIONS LIMITED - Company Information

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2015-03-01 true false Private Limited Company 07933895 2016-02-29 07933895 2015-03-01 2016-02-29 07933895 2015-02-28 07933895 2014-03-01 2015-02-28 07933895 uk-bus:Director1 2015-03-01 2016-02-29 07933895 uk-gaap:FixturesFittings 2015-03-01 2016-02-29 07933895 uk-bus:OrdinaryShareClass1 2016-02-29 iso4217:GBP
African Business Solutions Limited
For the period ended 29 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07933895
2
Contents Page
African Business Solutions Limited
For the period ended 29 February 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
African Business Solutions Limited
As at 29 February 2016
07933895
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
7,356
9,236
7,356
9,236
Current assets
Debtors
-
50,651
Investments
10,000
10,000
Cash at bank and in hand
64,856
2,181
125,507
12,181
Creditors: amounts falling due within one year
(6,821)
(44,985)
5,360
80,522
Net current assets
Total assets less current liabilities
87,878
14,596
-
(1,847)
Provisions for liabilities
87,878
Net assets
12,749
Capital and reserves
Called up share capital
1
3
1
Profit and loss account
87,877
12,748
87,878
12,749
Shareholders funds
For the period ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) 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.
Date approved by the board: 25 November 2016
Anthony St John Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
African Business Solutions Limited
For the period ended 29 February 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
Pension Costs
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and
loss account as they become payable in accordance with the rules of the scheme.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Equipment, Fixtures & Fittings
25% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
15,888
At 01 March 2015
2,789
Additions
At 29 February 2016
18,677
Depreciation
6,652
At 01 March 2015
4,669
Charge for period
11,321
At 29 February 2016
Net book values
At 29 February 2016
7,356
9,236
At 28 February 2015
2 of 3
5
Notes to the Abbreviated Financial Statements
African Business Solutions Limited
For the period ended 29 February 2016
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
1 Ordinary share of £1.00 each
1
1
1
1
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