A-Buy Ltd - Abbreviated accounts 16.3
A-Buy Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2016 |
| for |
| A-Buy Ltd |
| A-Buy Ltd (Registered number: 08348608) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Accountants' Report | 5 |
| A-Buy Ltd |
| Company Information |
| for the Year Ended 30 June 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| A-Buy Ltd (Registered number: 08348608) |
| Abbreviated Balance Sheet |
| 30 June 2016 |
| 30.6.16 | 30.6.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on |
| A-Buy Ltd (Registered number: 08348608) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| 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 January 2015). |
| Turnover |
| Turnover represents net invoiced services, and goods recharged. Turnover is recognised at the point of sale of |
| the goods involved. |
| Tangible fixed assets |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Going concern justification |
| The company meets its day to day working capital requirements partially through the support of its directors. The |
| directors have considered the projected cash flow information for the company during the foreseeable post |
| year-end period. On the basis of this cash flow information and discussions with the company’s creditors, the |
| directors consider that the company will continue to operate within the available finance facilities. However the |
| margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to |
| this matter. On this basis, the directors consider it appropriate to prepare the financial statements on the going |
| concern basis. The financial statements do not include any adjustments that would result from a withdrawal of |
| the support of the company's creditors or directors. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| and 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for year |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
| value: | £ | £ |
| NIL | Ordinary | £1 |
| NIL | B shares | £1 |
| Ordinary 0.1p Shares | 0.1p |
| 1,000 | 1,000 |
| During the year the shares were redesignated from 1,000 Ordinary A and B shares of £1 each to 1,000,000 |
| Ordinary shares of £0.001 each. |
| A-Buy Ltd (Registered number: 08348608) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2016 and |
| 30 June 2015: |
| 30.6.16 | 30.6.15 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| At the balance sheet date the following balances existed on loan accounts with the directors: |
| P C Stevens £25,687 in credit (2015 - £35,915 in credit) |
| N C Fullbrook £21,944 in credit (2015 - £0) |
| D T R Church £187 in credit (2015 - £0 |
| The above loans are all interest free and with no fixed date for repayment. |
| The company paid dividends to its directors as follows: |
| A D Stevens £Nil (2015 - £14,500) |
| Y Xu £Nil (2015 - £14,500) |
| Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| A-Buy Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of A-Buy Ltd for the year ended 30 June 2016 which comprise the Profit and Loss Account, the |
| Balance Sheet, and the related notes from the company's accounting records and from information and explanations |
| you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of A-Buy Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A-Buy Ltd and state those matters that we have agreed to state to the Board of Directors of A-Buy Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that A-Buy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A-Buy Ltd. You consider that A-Buy Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of A-Buy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 30 March 2017 |