Registered Number 04054905

ABACUS ACCOUNTING & TAXATION SERVICES LIMITED

Abbreviated Accounts

31 March 2016

ABACUS ACCOUNTING & TAXATION SERVICES LIMITED Registered Number 04054905

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 32,820 32,820
Tangible assets 3 8,809 9,570
41,629 42,390
Current assets
Debtors 1,213 2,953
Cash at bank and in hand 2,376 8,606
3,589 11,559
Creditors: amounts falling due within one year (21,950) (25,052)
Net current assets (liabilities) (18,361) (13,493)
Total assets less current liabilities 23,268 28,897
Creditors: amounts falling due after more than one year (30,000) (30,000)
Total net assets (liabilities) (6,732) (1,103)
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,733) (1,104)
Shareholders' funds (6,732) (1,103)
  • For the year ending 31 March 2016 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 29 December 2016

And signed on their behalf by:
A F Partyka, Director

ABACUS ACCOUNTING & TAXATION SERVICES LIMITED Registered Number 04054905

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.

Tangible assets depreciation policy
Tangible assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.

Intangible assets amortisation policy
Acquired goodwill is stated at cost.

2Intangible fixed assets
£
Cost
At 1 April 2015 32,820
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 32,820
Amortisation
At 1 April 2015 0
Charge for the year -
On disposals -
At 31 March 2016 0
Net book values
At 31 March 2016 32,820
At 31 March 2015 32,820
3Tangible fixed assets
£
Cost
At 1 April 2015 43,352
Additions 1,441
Disposals -
Revaluations -
Transfers -
At 31 March 2016 44,793
Depreciation
At 1 April 2015 33,782
Charge for the year 2,202
On disposals -
At 31 March 2016 35,984
Net book values
At 31 March 2016 8,809
At 31 March 2015 9,570