ABK Property (South Wales) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07484214 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

ABK PROPERTY (SOUTH WALES) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Gibson

SECRETARY:

REGISTERED OFFICE:

374 Cowbridge Road East

Cardiff

South Glamorgan

CF5 1JJ

REGISTERED NUMBER:

07484214 (England and Wales)

ACCOUNTANTS:

RON COATES & CO CHARTERED ACCOUNTANTS

374 Cowbridge Road East

Cardiff

South Glamorgan

CF5 1JJ

FIXED ASSETS

Tangible assets

2

12,733

13,127

CURRENT ASSETS

Stocks

5,250

15,656

Debtors

5,250

5,731

Cash at bank

-

5,523

10,500

26,910

CREDITORS

Amounts falling due within one year

31,043

30,959

NET CURRENT LIABILITIES

(20,543

)

(4,049

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,810

)

9,078

PROVISIONS FOR LIABILITIES

2,625

2,625

NET (LIABILITIES)/ASSETS

(10,435

)

6,453

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(10,436

)

6,452

SHAREHOLDERS' FUNDS

(10,435

)

6,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 January 2015 and were signed by:

K Gibson - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Computer equipment

-

15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

16,145

DEPRECIATION

At 1 May 2013

3,018

Charge for year

394

At 30 April 2014

3,412

NET BOOK VALUE

At 30 April 2014

12,733

At 30 April 2013

13,127

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1

Ordinary

1

1

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is K Gibson.