ABEL CERAMIC & MARBLE LTD
|
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02582634
ABEL CERAMIC & MARBLE LTD
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
ABEL CERAMIC & MARBLE LTD
Accountants' Report
For the year ended 31 March 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of ABEL CERAMIC
&
MARBLE LTD for the year ended
31
March
2016
which comprise the Profit and
|
Loss Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from
|
information and explanations you have given us
.
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As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
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professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
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This report is made solely to the Board of Directors of ABEL CERAMIC
&
MARBLE LTD
,
as a body
,
in accordance
|
with the terms of our engagement letter dated
21
August
2002
.
Our work has been undertaken solely to prepare for
|
your approval the accounts of ABEL CERAMIC
&
MARBLE LTD and state those matters that we have agreed to
|
state to the Board of Directors of ABEL CERAMIC
&
MARBLE LTD
,
as a body
,
in this report in accordance with the
|
requirements of the Association of Chartered Certified Accountants and as detailed at
|
http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by law
,
we do not accept or assume
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responsibility to anyone other than ABEL CERAMIC
&
MARBLE LTD and its Board of Directors as a body for our
|
work or for this report
.
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It is your duty to ensure that ABEL CERAMIC
&
MARBLE 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 ABEL
|
CERAMIC
&
MARBLE LTD
.
You consider that ABEL CERAMIC
&
MARBLE LTD is exempt from the statutory audit
|
requirement for the year
.
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John R Parkhouse FCCA
332 Hill Lane
Southampton
SO15 7NW
09 September 2016
1 of 4
Abbreviated Balance Sheet
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ABEL CERAMIC & MARBLE LTD
31/3/2016
31/3/2015
2
20,225
27,000
20,225
27,000
76,337
61,637
3,947
9,480
3
4
71,120
80,288
Creditors
:
amounts falling due within one year
|
(83,428)
(76,786)
(3,140)
(5,666)
Net current liabilities
Total assets less current liabilities
|
14,559
23,860
14,559
Net assets
23,860
100
3
100
14,459
23,760
14,559
23,860
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 09 August 2016
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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ABEL CERAMIC & MARBLE LTD
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Computer Equipment
Motor Vehicles
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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3 of 4
Notes to the Abbreviated Financial Statements
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ABEL CERAMIC & MARBLE LTD
For the year ended 31 March 2016
104,687
104,687
77,687
6,775
Charge for year
84,462
20,225
27,000
Allotted called up and fully paid
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31/3/2016
31/3/2015
100
Class A shares of £
1
.
00
each
|
100
100
100
100
4 of 4