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
Abacus (Manchester) Ltd
Company Information
for the year ended 31 July 2017
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
Abacus (Manchester) Ltd
Statement of financial position
as at 31 July 2017
Intangible assets
32,727
33,429
Tangible assets
1,062
1,414
Cash at bank and in hand
130,764
137,441
Creditors: amounts falling due within one year
(45,132)
(63,601)
Net current assets
193,553
166,927
Net assets
227,342
201,770
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
Abacus (Manchester) Ltd
Notes to the Accounts
for the year ended 31 July 2017
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 31 July 2017
921
141
1,062
At 31 July 2016
1,227
187
1,414
Finished goods
61,855
44,020
Accrued income and prepayments
539
540
Other debtors
45,527
48,527
8
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
15,177
13,946
Loans from directors
27,961
46,281
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).