Registered Number 01681705

ABACUS VIDEO LIMITED

Abbreviated Accounts

31 August 2012

ABACUS VIDEO LIMITED Registered Number 01681705

Abbreviated Balance Sheet as at 31 August 2012

Notes 2012 2011
£ £
Current assets
Debtors 7,344 -
Cash at bank and in hand 1,221 1,716
8,565 1,716
Creditors: amounts falling due within one year (82,614) (82,615)
Net current assets (liabilities) (74,049) (80,899)
Total assets less current liabilities (74,049) (80,899)
Total net assets (liabilities) (74,049) (80,899)
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account (84,049) (90,899)
Shareholders' funds (74,049) (80,899)
  • For the year ending 31 August 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 18 December 2012

And signed on their behalf by:
M J Redford, Director

ABACUS VIDEO LIMITED Registered Number 01681705

Notes to the Abbreviated Accounts for the period ended 31 August 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 the total invoice value, excluding value added tax, of sales made during the year

Other accounting policies
Going concern - The accounts have been prepared on a going concern basis as the parent undertaking, Coranto Films Limited, have confirmed its intention to provide such funds as are required to enable the company to meet its liabilities as and when they fall due for the foreseeable future. As with any comapny placing reliance on the group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.