Registered Number 08251487

ABACUS FINANCIAL SERVICES (UK) LIMITED

Micro-entity Accounts

30 April 2017

ABACUS FINANCIAL SERVICES (UK) LIMITED Registered Number 08251487

Micro-entity Balance Sheet as at 30 April 2017

Notes 30/04/2017 31/10/2015
£ £
Fixed Assets - 322
Current assets
Debtors - 11,560
Cash at bank and in hand 14,418 21,780
14,418 33,340
Creditors: amounts falling due within one year (6,228) (23,083)
Net current assets (liabilities) 8,190 10,257
Total assets less current liabilities 8,190 10,579
Total net assets (liabilities) 8,190 10,579
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,189 10,578
Shareholders' funds 8,190 10,579
  • For the year ending 30 April 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 May 2017

And signed on their behalf by:
Peter Joseph Cilia, Director

ABACUS FINANCIAL SERVICES (UK) LIMITED Registered Number 08251487

Notes to the Micro-entity Accounts for the period ended 30 April 2017

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.