Abbreviated Company Accounts - A BETTER CHOICE (ABC) LIMITED

A BETTER CHOICE (ABC) LIMITED - Company Information

08535810 A BETTER CHOICE (ABC) LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 08535810 2015-06-01 2016-05-31 08535810 2016-05-31 08535810 2015-05-31 08535810 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 08535810 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 08535810

A BETTER CHOICE (ABC) LIMITED

Abbreviated Accounts

31 May 2016

A BETTER CHOICE (ABC) LIMITED Registered Number 08535810

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	992	1,933
		992	1,933
Current assets
Debtors		22,931	3,421
Cash at bank and in hand		1,806	47
		24,737	3,468
Creditors: amounts falling due within one year		(140,017)	(121,933)
Net current assets (liabilities)		(115,280)	(118,465)
Total assets less current liabilities		(114,288)	(116,532)
Total net assets (liabilities)		(114,288)	(116,532)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(114,388)	(116,632)
Shareholders' funds		(114,288)	(116,532)

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 31 May 2017

And signed on their behalf by:
R R A Tarhuni, Director

A BETTER CHOICE (ABC) LIMITED Registered Number 08535810

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

Turnover policy
Turnover represents amounts receivable for services recognised on an accruals basis net of VAT and trade discounts.

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

Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Other accounting policies
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

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

2Tangible fixed assets

	£
Cost
At 1 June 2015	3,867
Additions	33
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	3,900
Depreciation
At 1 June 2015	1,934
Charge for the year	974
On disposals	-
At 31 May 2016	2,908
Net book values
At 31 May 2016	992
At 31 May 2015	1,933

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100