Registered Number 06434210

ABACUS WEALTH LIMITED

Abbreviated Accounts

30 November 2012

ABACUS WEALTH LIMITED Registered Number 06434210

Abbreviated Balance Sheet as at 30 November 2012

Notes 2012 2011
£ £
Fixed assets
Intangible assets 2 211,431 211,431
211,431 211,431
Current assets
Debtors 23 591
Cash at bank and in hand 5,225 5,588
5,248 6,179
Creditors: amounts falling due within one year (164,598) (194,751)
Net current assets (liabilities) (159,350) (188,572)
Total assets less current liabilities 52,081 22,859
Total net assets (liabilities) 52,081 22,859
Capital and reserves
Called up share capital 103 103
Profit and loss account 51,978 22,756
Shareholders' funds 52,081 22,859
  • For the year ending 30 November 2012 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 August 2013

And signed on their behalf by:
D.R. BIRD, Director

ABACUS WEALTH LIMITED Registered Number 06434210

Notes to the Abbreviated Accounts for the period ended 30 November 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

2Intangible fixed assets
£
Cost
At 1 December 2011 211,431
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2012 211,431
Amortisation
At 1 December 2011 -
Charge for the year -
On disposals -
At 30 November 2012 -
Net book values
At 30 November 2012 211,431
At 30 November 2011 211,431

3Transactions with directors

Dividends of £32,500 (net) were paid to the director of the company during the year.