REGISTERED NUMBER: SC123324 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Abacus Quantity Surveyors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J McKenzie

B S Moroney

SECRETARY:

B S Moroney

REGISTERED OFFICE:

1 Young Street

Edinburgh

EH2 4HU

REGISTERED NUMBER:

SC123324 (Scotland)

ACCOUNTANTS:

O'Donnell & Co Ltd

11 Stuart Green

Edinburgh

EH12 8YF

FIXED ASSETS

Tangible assets

2

598

868

CURRENT ASSETS

Stocks

4,000

9,000

Debtors

1,181

1,887

Cash at bank and in hand

5,229

31,344

10,410

42,231

CREDITORS

Amounts falling due within one year

10,823

22,558

NET CURRENT (LIABILITIES)/ASSETS

(413

)

19,673

TOTAL ASSETS LESS CURRENT LIABILITIES

185

20,541

PROVISIONS FOR LIABILITIES

120

174

NET ASSETS

65

20,367

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

63

20,365

SHAREHOLDERS' FUNDS

65

20,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 10 October 2016 and were signed on its behalf by:

J McKenzie - 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 net invoiced sales of goods, excluding value added tax.

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 cost

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

12,137

Additions

250

At 30 April 2016

12,387

DEPRECIATION

At 1 May 2015

11,269

Charge for year

520

At 30 April 2016

11,789

NET BOOK VALUE

At 30 April 2016

598

At 30 April 2015

868

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

2

Ordinary

£1

2

2