Abercorn Solutions Ltd - Period Ending 2016-03-31

Registration number: 9555979

Abercorn Solutions Ltd

Unaudited Abbreviated Accounts

for the Period from 23 April 2015 to 31 March 2016

 

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

Abercorn Solutions Ltd
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 Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Abercorn Solutions Ltd
for the Period Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abercorn Solutions Ltd for the period ended 31 March 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Abercorn Solutions Ltd, 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 Abercorn Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abercorn Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Abercorn Solutions Ltd 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 Abercorn Solutions Ltd. You consider that Abercorn Solutions Ltd 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 Abercorn Solutions Ltd. 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.

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

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

17 June 2016

Page 1

Abercorn Solutions Ltd
(Registration number: 9555979)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £
Fixed assets
Tangible fixed assets					1,296
Current assets
Debtors					10,500
Cash at bank and in hand					27,843
					38,343
Creditors: Amounts falling due within one year					(18,967)
Net current assets					19,376
Net assets					20,672
Capital and reserves
Called up share capital		3			100
Profit and loss account					20,572
Shareholders' funds					20,672

For the year ending 31 March 2016 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 director acknowledges his 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 director on 17 June 2016

.........................................
David Christopher Anthoney
Director

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

Abercorn Solutions Ltd
Notes to the Abbreviated Accounts for the Period from 23 April 2015 to 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Office Equipment	25% Reducing Balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,728			1,728
At 31 March 2016		1,728			1,728
Depreciation
Charge for the period		432			432
At 31 March 2016		432			432
Net book value
At 31 March 2016		1,296			1,296

Page 3

Abercorn Solutions Ltd
Notes to the Abbreviated Accounts for the Period from 23 April 2015 to 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016
		No.			£
Ordinary voting shares of £1 each		100			100

Page 4