ABACUS SALES AND MARKETING LTD

Company Registration Number:
05861613 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2017

Period of accounts

Start date: 01 July 2016

End date: 30 June 2017

ABACUS SALES AND MARKETING LTD

Contents of the Financial Statements

for the Period Ended 30 June 2017

Balance sheet
Notes

ABACUS SALES AND MARKETING LTD

Balance sheet

As at 30 June 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 691 921
Total fixed assets: 691 921
Current assets
Stocks: 8,424 6,984
Debtors:   375 3,818
Cash at bank and in hand: 29,255 17,608
Total current assets: 38,054 28,410
Creditors: amounts falling due within one year:   (41,516) (33,479)
Net current assets (liabilities): (3,462) (5,069)
Total assets less current liabilities: (2,771) (4,148)
Total net assets (liabilities): (2,771) (4,148)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (2,871) (4,248)
Shareholders funds: (2,771) (4,148)

The notes form part of these financial statements

ABACUS SALES AND MARKETING LTD

Balance sheet statements

For the year ending 30 June 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 March 2018
and signed on behalf of the board by:

Name: Mr G Dawson
Status: Director

The notes form part of these financial statements

ABACUS SALES AND MARKETING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fittings fixtures and equipment - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ABACUS SALES AND MARKETING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

2. Employees

2017 2016
Average number of employees during the period 1 1

ABACUS SALES AND MARKETING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

3. Tangible Assets

Total
Cost £
At 01 July 2016 2,749
At 30 June 2017 2,749
Depreciation
At 01 July 2016 1,828
Charge for year 230
At 30 June 2017 2,058
Net book value
At 30 June 2017 691
At 30 June 2016 921