AB Yours Limited - Abbreviated accounts 16.3

AB Yours Limited - Abbreviated accounts 16.3

AB YOURS LIMITED - Company Information

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REGISTERED NUMBER: 07416113 (England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

AB YOURS LIMITED

AB YOURS LIMITED (REGISTERED NUMBER: 07416113)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

AB YOURS LIMITED (REGISTERED NUMBER: 07416113)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 126,202 145,109

CURRENT ASSETS
Debtors 49,600 -
Cash at bank 55 55
49,655 55
CREDITORS
Amounts falling due within one year 232,548 228,875
NET CURRENT LIABILITIES (182,893 ) (228,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(56,691
)
(83,711
)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (56,791 ) (83,811 )
SHAREHOLDERS' FUNDS (56,691 ) (83,711 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 November 2016 and were signed by:





D J Lewis - Director


The notes form part of these abbreviated accounts

1
AB YOURS LIMITED (REGISTERED NUMBER: 07416113)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on the going concern basis which assumes the continued support of the
directors.

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 goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website development - 10% on cost

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

2. TANGIBLE FIXED ASSETS
Total
£
COST
At 1 April 2015
and 31 March 2016 189,072
DEPRECIATION
At 1 April 2015 43,963
Charge for year 18,907
At 31 March 2016 62,870
NET BOOK VALUE
At 31 March 2016 126,202
At 31 March 2015 145,109

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £ £
100 Ordinary £1 100 100

2