REGISTERED NUMBER: 04063927 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2017

for

Abacus Consulting.co.uk Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W Hayward

Mr J Cutler

SECRETARY:

Mr J Cutler

REGISTERED OFFICE:

500 Avebury Boulevard

Milton Keynes

Buckinghamshire

MK9 2BE

REGISTERED NUMBER:

04063927 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

1 Billing Road

Northampton

Northamptonshire

NN1 5AL

FIXED ASSETS

Tangible assets

4

136,771

136,820

CURRENT ASSETS

Debtors

229,121

240,166

Cash at bank

121,840

146,099

350,961

386,265

CREDITORS

Amounts falling due within one year

170,526

167,891

NET CURRENT ASSETS

180,435

218,374

TOTAL ASSETS LESS CURRENT LIABILITIES

317,206

355,194

CREDITORS

Amounts falling due after more than one year

5

28,112

59,693

NET ASSETS

289,094

295,501

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

269,094

275,501

SHAREHOLDERS' FUNDS

289,094

295,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2018 and were signed on its behalf by:

Mr W Hayward - Director

Mr J Cutler - Director

1.	STATUTORY INFORMATION

Abacus Consulting.co.uk Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 144 (2016 - 126 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

and 31 December 2017

218,307

DEPRECIATION

At 1 January 2017

81,487

Charge for year

49

At 31 December 2017

81,536

NET BOOK VALUE

At 31 December 2017

136,771

At 31 December 2016

136,820

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/12/17

31/12/16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

16,621

6.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/17

31/12/16

£

£

Bank loans

39,180

70,001

All monies due to Lloyds TSB Commercial Finance Ltd were secured by fixed and floating charges over the

company and all property and assets including goodwill, book debts uncalled, capital buildings fixtures and fixed

plant and equipment. The company was released from this commitment on 20 December 2013.

A new charge was taken out on 20 December 2013 in favour of Lloyds Bank plc whereby all monies due are

secured by fixed and floating charges over the property and undertakings of the company.

7.	OTHER FINANCIAL COMMITMENTS

During the year the company paid pension contributions of £3,602 (2016: £Nil). At the year end £726 (2016:

£Nil).