Advanced Business Optimisation Solutions - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07147520 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ADVANCED BUSINESS OPTIMISATION SOLUTIONS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R P Dolan

Mrs K J Dolan

REGISTERED OFFICE:

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

REGISTERED NUMBER:

07147520 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

209,254

208,474

CURRENT ASSETS

Debtors

5

17,257

21,008

Cash at bank

109,254

189,160

126,511

210,168

CREDITORS

Amounts falling due within one year

6

3,175

21,421

NET CURRENT ASSETS

123,336

188,747

TOTAL ASSETS LESS CURRENT LIABILITIES

332,590

397,221

CAPITAL AND RESERVES

Called up share capital

36

36

Retained earnings

332,554

397,185

SHAREHOLDERS' FUNDS

332,590

397,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 May 2018 and were signed on its behalf by:

R P Dolan - Director

1.	STATUTORY INFORMATION

Advanced Business Optimisation Solutions Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

During the year, the company made a one off contribution into Mr Dolan's (director) private pension scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

208,375

2,107

210,482

Additions

-

1,173

1,173

Disposals

-

(668

)

(668

)

At 31 March 2018

208,375

2,612

210,987

DEPRECIATION

At 1 April 2017

-

2,008

2,008

Charge for year

-

393

393

Eliminated on disposal

-

(668

)

(668

)

At 31 March 2018

-

1,733

1,733

NET BOOK VALUE

At 31 March 2018

208,375

879

209,254

At 31 March 2017

208,375

99

208,474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

2,777

Other debtors

17,257

18,231

17,257

21,008

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

2,364

20,448

Other creditors

811

973

3,175

21,421

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr R Dolan's (director) current account was overdrawn. The maximum balance during the year

was £14,994 (2017:£15,202) and the balance at the year end was £8,786 (2017: £14,994).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R P Dolan.