ABZ Solutions Ltd - Period Ending 2014-03-31

Registration number: SC453021

ABZ Solutions Ltd

Unaudited Abbreviated Accounts

for the Period from 25 June 2013 to 31 March 2014

 

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
Aberdeenshire
AB24 5AX

ABZ Solutions Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ABZ Solutions Ltd
for the Period Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABZ Solutions Ltd for the period ended 31 March 2014 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of ABZ Solutions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ABZ Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABZ Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ABZ Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ABZ Solutions Ltd. You consider that ABZ Solutions Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of ABZ Solutions 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 accounts.

......................................

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
Aberdeenshire
AB24 5AX

17 December 2014

Page 1

ABZ Solutions Ltd
(Registration number: SC453021)
Abbreviated Balance Sheet at 31 March 2014

		Note			31 March 2014 £
Fixed assets
Tangible fixed assets					22,458
Current assets
Cash at bank and in hand					785
Creditors: Amounts falling due within one year					(21,949)
Net current liabilities					(21,164)
Total assets less current liabilities					1,294
Creditors: Amounts falling due after more than one year					(2,248)
Net liabilities					(954)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(1,054)
Shareholders' deficit					(954)

For the year ending 31 March 2014 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 director acknowledges his 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 director on 17 December 2014

.........................................
Mr Jim Cran
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

ABZ Solutions Ltd
Notes to the Abbreviated Accounts for the Period from 25 June 2013 to 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehciles	20.00% on Cost

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		22,520			22,520
At 31 March 2014		22,520			22,520
Depreciation
Charge for the period		62			62
At 31 March 2014		62			62
Net book value
At 31 March 2014		22,458			22,458

Page 3

ABZ Solutions Ltd
Notes to the Abbreviated Accounts for the Period from 25 June 2013 to 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2014
		No.			£
Ordinary of £1 each		100			100

New shares allotted

During the period 100 Ordinary having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. Incorporation.

4	Related party transactions

Director's advances and credits

	25 June 2013 to 31 March 2014 Advance/ Credit £	25 June 2013 to 31 March 2014 Repaid £
Mr Jim Cran
During the period the director provided the company with an interest free loan, which is unsecured, repayable on demand and shown under Other Creditors	5,701	-

Page 4