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Unaudited Financial Statements for the Year Ended 30 June 2017

for

ABACUS BUSINESS CONSULTING LIMITED

ABACUS BUSINESS CONSULTING LIMITED (Registered number: 04327619)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABACUS BUSINESS CONSULTING LIMITED

Company Information
for the Year Ended 30 June 2017







DIRECTOR: J Lawrence





SECRETARY: K A Lawrence





REGISTERED OFFICE: Thistledown
Wendlebury
Bicester
Oxfordshire
OX25 2PE





REGISTERED NUMBER: 04327619 (England and Wales)






ABACUS BUSINESS CONSULTING LIMITED (Registered number: 04327619)

Balance Sheet
30 June 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,400 8,850
7,400 8,850

CURRENT ASSETS
Stocks 4,800 11,790
Debtors 6 81,064 100,591
Cash at bank 22,822 48,765
108,686 161,146
CREDITORS
Amounts falling due within one year 7 96,633 145,046
NET CURRENT ASSETS 12,053 16,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,453

24,950

PROVISIONS FOR LIABILITIES 1,300 1,700
NET ASSETS 18,153 23,250

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 17,153 22,250
SHAREHOLDERS' FUNDS 18,153 23,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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.

ABACUS BUSINESS CONSULTING LIMITED (Registered number: 04327619)

Balance Sheet - continued
30 June 2017


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.

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

The financial statements were approved by the director on 30 March 2018 and were signed by:





J Lawrence - Director


ABACUS BUSINESS CONSULTING LIMITED (Registered number: 04327619)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

ABACUS BUSINESS CONSULTING 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.

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.

Turnover represents the net value of services provided, excluding value added tax.

Goodwill
Goodwill reflects the cost of acquiring clients and was written off over a 10 year period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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

Work in progress
Work in Progress is valued at net realisable value.

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 3 .

ABACUS BUSINESS CONSULTING LIMITED (Registered number: 04327619)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2016
and 30 June 2017 70,852
AMORTISATION
At 1 July 2016
and 30 June 2017 70,852
NET BOOK VALUE
At 30 June 2017 -
At 30 June 2016 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2016 5,194 12,389 17,583
Additions - 854 854
At 30 June 2017 5,194 13,243 18,437
DEPRECIATION
At 1 July 2016 3,544 5,189 8,733
Charge for year 450 1,854 2,304
At 30 June 2017 3,994 7,043 11,037
NET BOOK VALUE
At 30 June 2017 1,200 6,200 7,400
At 30 June 2016 1,650 7,200 8,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 8,570 20,552
Other debtors 72,494 80,039
81,064 100,591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 4,680 1,396
Taxation and social security 8,786 6,944
Other creditors 83,167 136,706
96,633 145,046

ABACUS BUSINESS CONSULTING LIMITED (Registered number: 04327619)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

8. ULTIMATE CONTROLLING PARTY

The controlling party is J Lawrence.