Abbeystreet Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03291183 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2014

for

Abbeystreet Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R J Dobbs

REGISTERED OFFICE:

Brynhyfryd

Crescent Road

Caerphilly

SOUTH WALES

CF83 1AB

REGISTERED NUMBER:

03291183 (England and Wales)

ACCOUNTANTS:

Marsh Vision Limited

Chartered Certified Accountants

Chester House

17 Gold Tops

Newport

SOUTH WALES

NP20 4PH

FIXED ASSETS

Tangible assets

2

2,184

2,178

CURRENT ASSETS

Debtors

18,316

13,685

Cash at bank

67,800

61,722

86,116

75,407

CREDITORS

Amounts falling due within one year

29,937

18,284

NET CURRENT ASSETS

56,179

57,123

TOTAL ASSETS LESS CURRENT LIABILITIES

58,363

59,301

PROVISIONS FOR LIABILITIES

437

436

NET ASSETS

57,926

58,865

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

57,826

58,765

SHAREHOLDERS' FUNDS

57,926

58,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 24 October 2014 and were signed by:

R J Dobbs - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

5,076

Additions

402

At 31 January 2014

5,478

DEPRECIATION

At 1 February 2013

2,898

Charge for year

396

At 31 January 2014

3,294

NET BOOK VALUE

At 31 January 2014

2,184

At 31 January 2013

2,178

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

£

100

Ordinary

£1

100

100

4.

CONTROL

The company is controlled by the managing director, R J Dobbs.