Abbreviated Company Accounts - A.B.M. VENTURES LTD

A.B.M. VENTURES LTD - Company Information

Registered Number 04979103

A.B.M. VENTURES LTD

Abbreviated Accounts

30 June 2014

A.B.M. VENTURES LTD Registered Number 04979103

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	167,784	187,377
Tangible assets	3	2,333	4,512
Investments	4	100	100
		170,217	191,989
Current assets
Stocks		-	-
Debtors		65,681	69,693
Investments		-	-
Cash at bank and in hand		-	-
		65,681	69,693
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(56,318)	(82,741)
Net current assets (liabilities)		9,363	(13,048)
Total assets less current liabilities		179,580	178,941
Creditors: amounts falling due after more than one year		(101,458)	(101,691)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		78,122	77,250
Capital and reserves
Called up share capital		100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		78,022	77,150
Shareholders' funds		78,122	77,250

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 March 2015

And signed on their behalf by:
Andrew Myers, Director

A.B.M. VENTURES LTD Registered Number 04979103

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

Intangible assets amortisation policy
Acquired goodwill is being written of in equal annual installments over its estimated economic life.

Other accounting policies
The company paid rent of £22,200 (2013: £36,720) for the rental of one of its company's offices. The premise is owned, under Deed of Trust by Oncore Properties Ltd which is wholly owned by Oncore (UK) Ltd.

The company received fees from Abacus Accountancy Partners Ltd of £87,300 (2013: 76,650) in which Andrew Myers is a director.

The company received fees from Oncore Business Solutions (UK) Ltd of £131,095 (2013: £35,853) in which Andrew Myers is a director.

2Intangible fixed assets

	£
Cost
At 1 July 2013	207,845
Additions	0
Disposals	0
Revaluations	-
Transfers	-
At 30 June 2014	207,845
Amortisation
At 1 July 2013	20,468
Charge for the year	19,593
On disposals	0
At 30 June 2014	40,061
Net book values
At 30 June 2014	167,784
At 30 June 2013	187,377

There was an impairment charge of £9,000 during the year relating to acquired goodwill.

3Tangible fixed assets

	£
Cost
At 1 July 2013	22,066
Additions	3,500
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2014	25,566
Depreciation
At 1 July 2013	17,554
Charge for the year	5,679
On disposals	0
At 30 June 2014	23,233
Net book values
At 30 June 2014	2,333
At 30 June 2013	4,512

4Fixed assets Investments
The company holds a 100% holding in Abacus Accountancy Partners Ltd whose capital and reserves were £8,241 and loss for the year of £604.