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REGISTERED NUMBER: SC317892 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABACUS COMMERCIAL LTD

ABACUS COMMERCIAL LTD (REGISTERED NUMBER: SC317892)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

ABACUS COMMERCIAL LTD

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTOR: S Gillies





SECRETARY: Mrs L Gillies





REGISTERED OFFICE: Flat 3/1
75 Novar Drive
Glasgow
G12 9SS





REGISTERED NUMBER: SC317892 (Scotland)





ACCOUNTANTS: Mark Toma & Company Limited
Chartered Accountants & Business Advisers
48 Nithsdale Road
Glasgow
G41 2AN

ABACUS COMMERCIAL LTD (REGISTERED NUMBER: SC317892)

BALANCE SHEET
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,700
Tangible assets 5 319 479
319 8,179

CURRENT ASSETS
Debtors 6 7,997 6,720
Cash at bank 9,774 239
17,771 6,959
CREDITORS
Amounts falling due within one year 7 17,904 14,824
NET CURRENT LIABILITIES (133 ) (7,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186

314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86 214
SHAREHOLDERS' FUNDS 186 314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 13 October 2017 and were signed by:





S Gillies - Director


ABACUS COMMERCIAL LTD (REGISTERED NUMBER: SC317892)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Abacus Commercial Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

ABACUS COMMERCIAL LTD (REGISTERED NUMBER: SC317892)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 77,000
AMORTISATION
At 1 April 2016 69,300
Charge for year 7,700
At 31 March 2017 77,000
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 7,700

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 639
DEPRECIATION
At 1 April 2016 160
Charge for year 160
At 31 March 2017 320
NET BOOK VALUE
At 31 March 2017 319
At 31 March 2016 479

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 7,997 6,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation and social security 16,690 13,578
Other creditors 1,214 1,246
17,904 14,824

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 (2016 - £15,000) were paid to the director .

ABACUS COMMERCIAL LTD (REGISTERED NUMBER: SC317892)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

8. RELATED PARTY DISCLOSURES - continued

Included in other debtors are loans to the director/shareholders.

9. ULTIMATE CONTROLLING PARTY

By virtue of his shareholding S Gillies is the ultimate controlling party.

10. FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1
April 2016.

No transitional adjustments were required in equity or profit or loss for the year.


CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABACUS COMMERCIAL LTD

The following reproduces the text of the report prepared for the director and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Abacus Commercial Ltd for the year ended 31 March 2017 which comprise the Income
Statement, Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Abacus Commercial Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abacus Commercial Ltd and state those matters that we have agreed to state to the director of Abacus Commercial Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Abacus Commercial Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abacus Commercial Ltd. You consider that Abacus Commercial Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abacus Commercial Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mark Toma & Company Limited
Chartered Accountants & Business Advisers
48 Nithsdale Road
Glasgow
G41 2AN


13 October 2017