REGISTERED NUMBER: 03452863 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Abacus PC Training Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs I S Montgomery

REGISTERED OFFICE:

7 Hocombe Road

Chandlers Ford

EASTLEIGH

Hampshire

SO53 5SL

REGISTERED NUMBER:

03452863 (England and Wales)

ACCOUNTANTS:

Arlington Financial Management Ltd

Unit C, Anchor House

School Lane

Chandlers Ford

EASTLEIGH

Hampshire

SO53 4DY

FIXED ASSETS

Tangible assets

4

13,509

12,271

CURRENT ASSETS

Debtors

5

13,388

6,102

Cash at bank and in hand

148

894

13,536

6,996

CREDITORS

Amounts falling due within one year

6

12,155

3,282

NET CURRENT ASSETS

1,381

3,714

TOTAL ASSETS LESS CURRENT LIABILITIES

14,890

15,985

CREDITORS

Amounts falling due after more than one year

7

14,700

15,810

NET ASSETS

190

175

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

188

173

SHAREHOLDERS' FUNDS

190

175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 February 2018 and were signed by:

Mrs I S Montgomery - Director

1.	STATUTORY INFORMATION

Abacus PC Training Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2016

1,523

25,099

375

26,997

Additions

-

12,803

398

13,201

Disposals

-

(18,969

)

-

(18,969

)

At 31 October 2017

1,523

18,933

773

21,229

DEPRECIATION

At 1 November 2016

1,412

13,028

286

14,726

Charge for year

17

3,815

122

3,954

Eliminated on disposal

-

(10,960

)

-

(10,960

)

At 31 October 2017

1,429

5,883

408

7,720

NET BOOK VALUE

At 31 October 2017

94

13,050

365

13,509

At 31 October 2016

111

12,071

89

12,271

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

12,803

Reclassification/transfer

6,130

At 31 October 2017

18,933

DEPRECIATION

Charge for year

3,815

Reclassification/transfer

2,068

At 31 October 2017

5,883

NET BOOK VALUE

At 31 October 2017

13,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

13,388

6,102

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

4,624

-

Taxation and social security

6,523

2,372

Other creditors

1,008

910

12,155

3,282

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

14,700

15,810

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2017 and

31 October 2016:

2017

2016

£

£

Mrs I S Montgomery

Balance outstanding at start of year

6,102

3,356

Amounts advanced

13,387

6,102

Amounts repaid

(6,102

)

(3,356

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,387

6,102

10.	ULTIMATE CONTROLLING PARTY

I Montgomery owns 100% of the issued ordinary share capital.