ABCDANDE LTD 30/09/2018 iXBRL

ABCDANDE LTD 30/09/2018 iXBRL

ABCDANDE LTD - Company Information

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30/09/2018 2018-09-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-10-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 06964755 2017-10-01 2018-09-30 06964755 2018-09-30 06964755 2017-09-30 06964755 2016-10-01 2017-09-30 06964755 2017-09-30 06964755 core:FurnitureFittingsToolsEquipment 2017-10-01 2018-09-30 06964755 bus:Director1 2017-10-01 2018-09-30 06964755 core:WithinOneYear 2018-09-30 06964755 core:WithinOneYear 2017-09-30 06964755 core:FurnitureFittingsToolsEquipment 2017-09-30 06964755 core:FurnitureFittingsToolsEquipment 2018-09-30 06964755 core:ShareCapital 2018-09-30 06964755 core:ShareCapital 2017-09-30 06964755 core:RetainedEarningsAccumulatedLosses 2018-09-30 06964755 core:RetainedEarningsAccumulatedLosses 2017-09-30 06964755 core:FurnitureFittingsToolsEquipment 2017-09-30 06964755 bus:Director1 2017-09-30 06964755 bus:Director1 2018-09-30 06964755 bus:Director1 2016-09-30 06964755 bus:Director1 2017-09-30 06964755 bus:Director1 2016-10-01 2017-09-30 06964755 bus:SmallEntities 2017-10-01 2018-09-30 06964755 bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 06964755 bus:FullAccounts 2017-10-01 2018-09-30 06964755 bus:SmallCompaniesRegimeForAccounts 2017-10-01 2018-09-30 06964755 bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30
Company registration number: 06964755
ABCDANDE LTD
Unaudited filleted financial statements
30 September 2018
ABCDANDE LTD
Contents
Statement of financial position
Notes to the financial statements
ABCDANDE LTD
STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 451 602
_______ _______
451 602
Current assets
Debtors 6 7,378 4,730
Cash at bank and in hand 6,797 10,109
_______ _______
14,175 14,839
Creditors: amounts falling due
within one year 7 ( 4,650) ( 10,397)
_______ _______
Net current assets 9,525 4,442
_______ _______
Total assets less current liabilities 9,976 5,044
_______ _______
Net assets 9,976 5,044
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 9,974 5,042
_______ _______
Shareholders funds 9,976 5,044
_______ _______
For the year ending 30 September 2018 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 June 2019 , and are signed on behalf of the board by:
Mrs Althea Brooks
Director
Company registration number: 06964755
ABCDANDE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 - 28 Southernhay East, Exeter, Devon, EX1 1NS.
Principal activity
The principal activity of the company is publishing services.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
Basic financial instruments are recognised at cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2017: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 October 2017 and 30 September 2018 914 914
_______ _______
Depreciation
At 1 October 2017 312 312
Charge for the year 151 151
_______ _______
At 30 September 2018 463 463
_______ _______
Carrying amount
At 30 September 2018 451 451
_______ _______
At 30 September 2017 602 602
_______ _______
6. Debtors
2018 2017
£ £
Trade debtors 1,413 3,023
Other debtors 5,965 1,707
_______ _______
7,378 4,730
_______ _______
7. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors - 1,891
Accruals and deferred income 1,419 932
Social security and other taxes 2,269 7,550
Other creditors 962 24
_______ _______
4,650 10,397
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Loans to / (from) directors at 1 October 2017 Loans to / (from) the directors Amounts repaid Balance at 30 September 2018
£ £ £ £
Directors 1,707 7,696 ( 3,528) 5,875
_______ _______ _______ _______
Loans to / (from) directors at 1 October 2016 Loans to / (from) the directors Amounts repaid Balance at 30 September 2017
£ £ £ £
Directors 22,622 23,758 ( 44,673) 1,707
_______ _______ _______ _______