123ABC_UK_LIMITED - Accounts
123ABC_UK_LIMITED - Accounts
Company Registration No. SC408121 (Scotland)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
26 MARCH 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
-
Cash at bank and in hand
Creditors: amounts falling due within one year
(88,683 )
(119,126 )
Net current assets
Total assets less current liabilities
Provisions for liabilities
(3,071 )
(2,307 )
39,249
12,146
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 29 October 2014
Director
Company Registration No. SC408121
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 26 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Motor vehicles
1.5
Stock
Stock is valued at the lower of cost and net realisable value after due allowance for obsolete and slow moving items.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 26 MARCH 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 27 March 2013
14,101
Additions
6,292
At 26 March 2014
20,393
Depreciation
At 27 March 2013
2,565
Charge for the year
2,474
At 26 March 2014
5,039
Net book value
At 26 March 2014
15,354
At 26 March 2013
11,536
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid