Registered Number 07678430
ABIS TECHNOLOGY LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Cash at bank and in hand |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The Financial statements have been prepared under the historical cost accounting rules and
in accordance with applicable accounting standards for small entities.
Exemption from preparing a cashflow statement
The accounts do not include a cashflow statement because the company , as a small reporting entity,
is exempt from the requirements to prepare such a statement.
Turnover policy
and services provided to customers during the year.
Turnover and operating profit
Turnover and operating profit on ordinary activities is attributable to the company's principal activity.
Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Fixtures, fittings and equipment 20% p.a. straight line
Valuation information and policy
Stock are stated at the lower of cost and net realisible value.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 337 |
At 31 March 2015 | 421 |