Abovechance Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 02739415 (England and Wales)

ABOVECHANCE LTD

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

Director:

Mr J Socha

Secretary:

Orchard Block Management Services Ltd

Registered office:

Artisans House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

Registered number:

02739415 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

2

21,038

CURRENT ASSETS

Debtors

15,008

13,677

Cash at bank

40,315

39,100

55,323

52,777

CREDITORS

Amounts falling due within one year

64,091

64,071

NET CURRENT LIABILITIES

(8,768

)

(11,294

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,270

9,744

CAPITAL AND RESERVES

Called up share capital

3

48

Profit and loss account

12,222

9,696

SHAREHOLDERS' FUNDS

12,270

9,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 May 2016 and were signed by:

Mr J Socha - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided on land

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 January 2015

and 31 December 2015

21,038

Net book value

At 31 December 2015

21,038

At 31 December 2014

21,038

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

48

Ordinary

£1

48

4.	CASH AT BANK

Current Account - Abovechance 2015 £ 2782 2014 £ 2368

Current account - Latymer Court 2015 £ 5065 2014 £ 4307

Latymer Court Deposit Account 2015 £32042 2014 £ 32000

Latymer Court - Nationwide Account 2015 £ 426 2014 £ 425