Aabyss Limited - Accounts to registrar (filleted) - small 18.2
Aabyss Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 November 2018 |
for |
Aabyss Limited |
Aabyss Limited (Registered number: 04726959) |
Contents of the Financial Statements |
for the Year Ended 30 November 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Aabyss Limited |
Company Information |
for the Year Ended 30 November 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Oriel House |
2-8 Oriel Road |
Bootle |
Liverpool |
Merseyside |
L20 7EP |
Aabyss Limited (Registered number: 04726959) |
Balance Sheet |
30 November 2018 |
30.11.18 | 30.11.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Share premium |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Aabyss Limited (Registered number: 04726959) |
Balance Sheet - continued |
30 November 2018 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director on |
Aabyss Limited (Registered number: 04726959) |
Notes to the Financial Statements |
for the Year Ended 30 November 2018 |
1. | STATUTORY INFORMATION |
Aabyss Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value,net of value added tax and discounts, of goods provided to customers and work |
carried out in respect of services provided to customers. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Aabyss Limited (Registered number: 04726959) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 December 2017 |
and 30 November 2018 |
AMORTISATION |
At 1 December 2017 |
Charge for year |
At 30 November 2018 |
NET BOOK VALUE |
At 30 November 2018 |
At 30 November 2017 |
Aabyss Limited (Registered number: 04726959) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2017 |
Additions |
At 30 November 2018 |
DEPRECIATION |
At 1 December 2017 |
Charge for year |
At 30 November 2018 |
NET BOOK VALUE |
At 30 November 2018 |
At 30 November 2017 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2017 |
Additions |
Transfer to ownership | (8,395 | ) | - | - | (8,395 | ) |
At 30 November 2018 |
DEPRECIATION |
At 1 December 2017 |
Charge for year |
Transfer to ownership | (8,395 | ) | - | - | (8,395 | ) |
At 30 November 2018 |
NET BOOK VALUE |
At 30 November 2018 |
At 30 November 2017 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
At 30 November 2018 |
NET BOOK VALUE |
At 30 November 2018 |
Aabyss Limited (Registered number: 04726959) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
7. | STOCKS |
30.11.18 | 30.11.17 |
£ | £ |
Stocks |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade debtors |
Other debtors |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Hire purchase contracts |
Other creditors |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.11.18 | 30.11.17 |
£ | £ |
Bank overdraft |
The bank loan is secured by a fixed and floating charge against all property or undertaking of the company |
dated 21 February 2014. |
The director has a personal guarantee relating to the company overdraft. |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.18 | 30.11.17 |
value: | £ | £ |
Ordinary shares | £1 | 7,170 | 7,170 |
Aabyss Limited (Registered number: 04726959) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
13. | OTHER FINANCIAL COMMITMENTS |
The company had total operating lease commitments at the balance sheet date of £1,622 (2017 - £3,244) |
14. | CONTROLLING PARTY |
The controlling party is T G Midwood. |