ABBEY EDITORIAL & DESIGN LIMITED - Abbreviated accounts

ABBEY EDITORIAL & DESIGN LIMITED - Abbreviated accounts


Registered number
04308098
ABBEY EDITORIAL & DESIGN LIMITED
Abbreviated Accounts
31 October 2016
ABBEY EDITORIAL & DESIGN LIMITED
Registered number: 04308098
Abbreviated Balance Sheet
as at 31 October 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,817 2,154
Current assets
Debtors 1,560 3,380
Cash at bank and in hand 18,091 18,683
19,651 22,063
Creditors: amounts falling due within one year (11,260) (16,803)
Net current assets 8,391 5,260
Total assets less current liabilities 10,208 7,414
Creditors: amounts falling due after more than one year (253) -
Net assets 9,955 7,414
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 9,855 7,314
Shareholders' funds 9,955 7,414
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A SMITH
Director
Approved by the board on 12 January 2017
ABBEY EDITORIAL & DESIGN LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 November 2015 18,161
Additions 117
At 31 October 2016 18,278
Depreciation
At 1 November 2015 16,007
Charge for the year 454
At 31 October 2016 16,461
Net book value
At 31 October 2016 1,817
At 31 October 2015 2,154
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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