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Company Registration No. 6975677 (England and Wales)
Abacus (Manchester) Ltd Unaudited accounts for the year ended 31 July 2017
Abacus (Manchester) Ltd Unaudited accounts Contents
Page
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Abacus (Manchester) Ltd Company Information for the year ended 31 July 2017
Director
Christopher Hall
Company Number
6975677 (England and Wales)
Registered Office
806 Hyde Road Gorton manchester M18 7JD United Kingdom
Accountants
Warburton and Co Ltd 806/808 Hyde Road Gorton Manchester M18 7JD
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Abacus (Manchester) Ltd Statement of financial position as at 31 July 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
32,727 
33,429 
Tangible assets
1,062 
1,414 
33,789 
34,843 
Current assets
Inventories
61,855 
44,020 
Debtors
46,066 
49,067 
Cash at bank and in hand
130,764 
137,441 
238,685 
230,528 
Creditors: amounts falling due within one year
(45,132)
(63,601)
Net current assets
193,553 
166,927 
Net assets
227,342 
201,770 
Capital and reserves
Called up share capital
1 
1 
Share premium
92,573 
92,573 
Profit and loss account
134,768 
109,196 
Shareholders' funds
227,342 
201,770 
For the year ending 31 July 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 1 March 2018.
Christopher Hall Director Company Registration No. 6975677
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Abacus (Manchester) Ltd Notes to the Accounts for the year ended 31 July 2017
1
Statutory information
Abacus (Manchester) Ltd is a private company, limited by shares, registered in England and Wales, registration number 6975677. The registered office is 806 Hyde Road, Gorton, manchester, M18 7JD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2016
39,000 
At 31 July 2017
39,000 
Amortisation
At 1 August 2016
5,571 
Charge for the year
702 
At 31 July 2017
6,273 
Net book value
At 31 July 2017
32,727 
At 31 July 2016
33,429 
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Abacus (Manchester) Ltd Notes to the Accounts for the year ended 31 July 2017
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2016
4,919 
1,119 
6,038 
At 31 July 2017
4,919 
1,119 
6,038 
Depreciation
At 1 August 2016
3,692 
932 
4,624 
Charge for the year
306 
46 
352 
At 31 July 2017
3,998 
978 
4,976 
Net book value
At 31 July 2017
921 
141 
1,062 
At 31 July 2016
1,227 
187 
1,414 
6
Inventories
2017 
2016 
£ 
£ 
Finished goods
61,855 
44,020 
61,855 
44,020 
7
Debtors
2017 
2016 
£ 
£ 
Accrued income and prepayments
539 
540 
Other debtors
45,527 
48,527 
46,066 
49,067 
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
163 
2,344 
Taxes and social security
15,177 
13,946 
Loans from directors
27,961 
46,281 
Accruals
1,831 
1,030 
45,132 
63,601 
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
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