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REGISTERED NUMBER: 03272206 (England and Wales)













THE ABACUS PARTNERSHIP LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016






THE ABACUS PARTNERSHIP LIMITED (REGISTERED NUMBER: 03272206)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

THE ABACUS PARTNERSHIP LIMITED (REGISTERED NUMBER: 03272206)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 603 821

CURRENT ASSETS
Debtors 4,509 4,928
Cash at bank 5,040 852
9,549 5,780
CREDITORS
Amounts falling due within one year 15,690 14,267
NET CURRENT LIABILITIES (6,141 ) (8,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,538

)

(7,666

)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (5,638 ) (7,766 )
SHAREHOLDERS' FUNDS (5,538 ) (7,666 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 20 June 2017 and were signed by:





A A Webb - Director


THE ABACUS PARTNERSHIP LIMITED (REGISTERED NUMBER: 03272206)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
In accordance with the principles of revenue recognition as stated in UITF 40 and Application Note G, turnover
represents the value of work done in the accounting period, including estimates of amounts not yet invoiced.

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 - 25% on reducing balance
Computer equipment - 20% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or
a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Going concern
The financial statements have been prepared on the basis that the company continues to be a going concern.
Within creditors (amounts falling due within one year) is unsecured loans made by the director and a former
director. There are no specific terms for the repayment of these loans, and whilst this source of funding
remains available to the company it is believed that the day-to-day trading operations can continue.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 10,915
DEPRECIATION
At 1 November 2015 10,094
Charge for year 218
At 31 October 2016 10,312
NET BOOK VALUE
At 31 October 2016 603
At 31 October 2015 821

THE ABACUS PARTNERSHIP LIMITED (REGISTERED NUMBER: 03272206)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100