Company Registration No. 00898896 (England and Wales)
ALASKA BROKERAGE INTERNATIONAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ALASKA BROKERAGE INTERNATIONAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALASKA BROKERAGE INTERNATIONAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
$
$
$
$
Fixed assets
Tangible assets
2
7,132
7,863
Current assets
Stocks
5,100
-
Debtors
900,943
68,400
Cash at bank and in hand
1,382,442
1,306,724
2,288,485
1,375,124
Creditors: amounts falling due within one year
(913,460)
(26,011)
Net current assets
1,375,025
1,349,113
Total assets less current liabilities
1,382,157
1,356,976
Capital and reserves
Called up share capital
3
200,393
200,393
Other reserves
70,138
70,138
Profit and loss account
1,111,626
1,086,445
Shareholders' funds
1,382,157
1,356,976
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 January 2017
P N Bartfeld
Director
Company Registration No. 00898896
ALASKA BROKERAGE INTERNATIONAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
$
Cost
At 1 October 2015
207,003
Additions
1,647
At 30 September 2016
208,650
Depreciation
At 1 October 2015
199,140
Charge for the year
2,378
At 30 September 2016
201,518
Net book value
At 30 September 2016
7,132
At 30 September 2015
7,863
ALASKA BROKERAGE INTERNATIONAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100,000 Ordinary shares of £1 each
100,000
100,000