1AB Leasing Limited - Period Ending 2015-10-31

1AB PREMIER LIMITED - Company Information

Registration number: 09247263

1AB Leasing Limited

Unaudited Abbreviated Accounts

for the period from 3 October 2014 to 31 October 2015

1AB Leasing Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
1AB Leasing Limited
for the Period Ended 31 October 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1AB Leasing Limited for the period ended 31 October 2015 set out on pages XX from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of 1AB Leasing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 1AB Leasing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1AB Leasing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 1AB Leasing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 1AB Leasing Limited. You consider that 1AB Leasing Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of 1AB Leasing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

J P Walters & Co
Chartered Accountants
67 Duke Street
Darlington
Co Durham
DL3 7SD

28 June 2016

Page 1

1AB Leasing Limited

(Registration number: 09247263)
Abbreviated Balance Sheet as at 31 October 2015

	Note	31 October 2015 £
Fixed assets
Tangible assets	2	18,000
Current assets
Cash at bank and in hand		1,632
Creditors: Amounts falling due within one year		(14,513)
Net current liabilities		(12,881)
Total assets less current liabilities		5,119
Accruals and deferred income		(794)
Net assets		4,325
Capital and reserves
Called up share capital	3	10
Profit and loss account		4,315
Shareholders funds		4,325

For the period ending 31 October 2015 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 28 June 2016 and signed on its behalf by:

.........................................
Mr C P Bainbridge
Director

.........................................
Mr P A Crang
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

1AB Leasing Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Fixed assets

	Tangible assets £	Total £
Cost
Additions	26,000	26,000
Disposals	(2,000)	(2,000)
At 31 October 2015	24,000	24,000
Depreciation
Charge for the year	6,333	6,333
Eliminated on disposals	(333)	(333)
At 31 October 2015	6,000	6,000
Net book value
At 31 October 2015	18,000	18,000

Page 3

1AB Leasing Limited

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	31 October 2015
	No.	£
Ordinary of £1 each	10	10

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 4