Abhaul International Limited
|
For the year ended 31 October 2015
Unaudited Abbreviated Financial Statements
England and Wales
Registered Number: 06736143
Abhaul International Limited
For the year ended 31 October 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 October 2015
Abhaul International Limited
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
October
2015
and you consider that the company is exempt from an audit under the Companies Act
|
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Lambert Clerical Ltd
78 Hambling Drive
Molescroft
East Yorkshire
HU17 9GD
18 December 2015
1 of 4
Abbreviated Balance Sheet
|
Abhaul International Limited
2015
2014
2
2,345
1,147
2,345
1,147
31,796
18,309
59,077
80,847
77,386
112,643
Creditors
:
amounts falling due within one year
|
(68,441)
(32,710)
44,202
44,676
Net current assets
Total assets less current liabilities
|
47,021
45,349
(464)
(258)
Provisions for liabilities
|
46,557
Net assets
45,091
7
3
7
46,550
45,084
46,557
45,091
Shareholders funds
For the year ended 31 October 2015 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: 18 December 2015
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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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For the year ended 31 October 2015
Abhaul International Limited
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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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.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate 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 foreign exchange differences are included to the profit and loss account
.
|
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
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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:
|
Office equipment
3 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 October 2015
Abhaul International Limited
2,170
1,454
3,624
1,023
256
Charge for year
1,279
2,345
1,147
Allotted called up and fully paid
|
2015
2014
2
Ordinary Class A shares of £
1
.
00
each
|
2
2
5
Ordinary Class B shares of £
1
.
00
each
|
5
5
7
7
4 of 4