| Abacus Accountancy Service & Systems Limited |
| Registered number: |
07266889 |
| Abbreviated Balance Sheet |
| as at 31 May 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
50,957 |
|
|
50,957 |
| Tangible assets |
3 |
|
|
3,577 |
|
|
2,372 |
|
|
|
|
54,534 |
|
|
53,329 |
|
| Current assets |
| Stocks |
|
|
8,795 |
|
|
10,420 |
| Debtors |
|
|
18,149 |
|
|
23,571 |
| Cash at bank and in hand |
|
|
19,489 |
|
|
12,700 |
|
|
|
46,433 |
|
|
46,691 |
|
| Creditors: amounts falling due within one year |
|
|
(37,048) |
|
|
(29,919) |
|
| Net current assets |
|
|
|
9,385 |
|
|
16,772 |
|
| Total assets less current liabilities |
|
|
|
63,919 |
|
|
70,101 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(42,768) |
|
|
(49,276) |
|
|
|
| Net assets |
|
|
|
21,151 |
|
|
20,825 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
101 |
|
|
101 |
| Profit and loss account |
|
|
|
21,050 |
|
|
20,724 |
|
| Shareholders' funds |
|
|
|
21,151 |
|
|
20,825 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
|
|
| Thomas Walsh |
| Director |
| Approved by the board on 17 February 2017 |
|
| Abacus Accountancy Service & Systems Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 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. |
|
|
Equipment, fixtures & fittings |
25% on written down value |
|
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
50,957 |
|
At 31 May 2016 |
50,957 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 May 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
50,957 |
|
At 31 May 2015 |
50,957 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
7,267 |
|
Additions |
2,052 |
|
At 31 May 2016 |
9,319 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2015 |
4,895 |
|
Charge for the year |
847 |
|
At 31 May 2016 |
5,742 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
3,577 |
|
At 31 May 2015 |
2,372 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
B Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
101 |
|
101 |
|
|
|
|
|
|
|
|
|