Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

ABACUS BUSINESS CONSULTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Lawrence

SECRETARY:

K A Lawrence

REGISTERED OFFICE:

Thistledown

Wendlebury

Bicester

Oxfordshire

OX25 2PE

REGISTERED NUMBER:

04327619 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

8,850

11,250

8,850

11,250

CURRENT ASSETS

Stocks

11,790

8,720

Debtors

100,591

79,816

Cash at bank

48,765

98,805

161,146

187,341

CREDITORS

Amounts falling due within one year

145,046

181,455

NET CURRENT ASSETS

16,100

5,886

TOTAL ASSETS LESS CURRENT LIABILITIES

24,950

17,136

PROVISIONS FOR LIABILITIES

1,700

1,000

NET ASSETS

23,250

16,136

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

22,250

15,136

SHAREHOLDERS' FUNDS

23,250

16,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2017 and were signed by:

J Lawrence - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

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

Goodwill

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

70,852

AMORTISATION

At 1 July 2015

and 30 June 2016

70,852

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

17,583

DEPRECIATION

At 1 July 2015

6,333

Charge for year

2,400

At 30 June 2016

8,733

NET BOOK VALUE

At 30 June 2016

8,850

At 30 June 2015

11,250

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000