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REGISTERED NUMBER: 06030018 (England and Wales)















Abbreviated Accounts for the Year Ended 31 May 2016

for

Abacus Mortgages Direct Ltd

Abacus Mortgages Direct Ltd (Registered number: 06030018)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Abacus Mortgages Direct Ltd

Company Information
for the Year Ended 31 May 2016







DIRECTOR: H Morris





SECRETARY: D F Jones





REGISTERED OFFICE: Ironmaster House
37 Wyle Cop
Shrewsbury
Shropshire
SY1 1XF





REGISTERED NUMBER: 06030018 (England and Wales)





ACCOUNTANTS: Morgan Jones & Co
Ironmaster House
37 Wyle Cop
Shrewsbury
Shropshire
SY1 1XF

Abacus Mortgages Direct Ltd (Registered number: 06030018)

Abbreviated Balance Sheet
31 May 2016

31.5.16 31.5.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,328 3,104

CURRENT ASSETS
Cash at bank 14,103 15,650

CREDITORS
Amounts falling due within one year 41,302 39,882
NET CURRENT LIABILITIES (27,199 ) (24,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,871

)

(21,128

)

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account (24,872 ) (21,129 )
SHAREHOLDERS' FUNDS (24,871 ) (21,128 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 February 2017 and were signed by:




H Morris - Director


Abacus Mortgages Direct Ltd (Registered number: 06030018)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 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
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015
and 31 May 2016 9,671
DEPRECIATION
At 1 June 2015 6,567
Charge for year 776
At 31 May 2016 7,343
NET BOOK VALUE
At 31 May 2016 2,328
At 31 May 2015 3,104

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.16 31.5.15
value: £    £   
1 Ordinary £1 1 1