Abenefit2u Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06484600 (England and Wales)

Financial Statements for the Year Ended 31 January 2018

for

Abenefit2u Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss D A Beer

SECRETARY:

A. T. (Lytham) Limited

REGISTERED OFFICE:

19 Park Street

Lytham St Annes

Lancashire

FY8 5LU

REGISTERED NUMBER:

06484600 (England and Wales)

ACCOUNTANTS:

Ashworth Treasure Limited

Chartered Accountants

17-19 Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Tangible assets

4

8,037

8,431

CURRENT ASSETS

Debtors

140,571

172,066

Cash at bank

116,676

108,785

257,247

280,851

CREDITORS

Amounts falling due within one year

110,122

135,174

NET CURRENT ASSETS

147,125

145,677

TOTAL ASSETS LESS CURRENT LIABILITIES

155,162

154,108

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

155,161

154,107

SHAREHOLDERS' FUNDS

155,162

154,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 October 2018 and were signed by:

Miss D A Beer - Director

1.	STATUTORY INFORMATION

Abenefit2u Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2017

36,300

Additions

2,171

At 31 January 2018

38,471

DEPRECIATION

At 1 February 2017

27,869

Charge for year

2,565

At 31 January 2018

30,434

NET BOOK VALUE

At 31 January 2018

8,037

At 31 January 2017

8,431

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2018 and

31 January 2017:

2018

2017

£

£

Miss D A Beer

Balance outstanding at start of year

23,400

(11,920

)

Amounts advanced

47,245

135,784

Amounts repaid

(79,850

)

(100,464

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,205

)

23,400

Interest was charges at the official rate of interest where appropriate.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party throughout the period was Miss D Beer.