Registered number
05601613
Abacus Fabrications Limited
Abbreviated Accounts
30 November 2015
Abacus Fabrications Limited
Registered number: 05601613
Abbreviated Balance Sheet
as at 30 November 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 1 2,400
Tangible assets 3 59,521 33,593
Investments 4 100 -
59,622 35,993
Current assets
Stocks 141,050 157,395
Debtors 322,670 369,890
Cash at bank and in hand 344,146 135,725
807,866 663,010
Creditors: amounts falling due within one year (209,201) (240,824)
Net current assets 598,665 422,186
Total assets less current liabilities 658,287 458,179
Provisions for liabilities (11,904) (6,285)
Net assets 646,383 451,894
Capital and reserves
Called up share capital 5 2 2
Capital redemption reserve 1 1
Profit and loss account 646,380 451,891
Shareholders' funds 646,383 451,894
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
MS Woodrow
Director
Approved by the board on 2 February 2016
Abacus Fabrications Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2015
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and equipment 20% straight line
Office equipment 25% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Intangible fixed assets £
Cost
At 1 December 2014 24,000
At 30 November 2015 24,000
Amortisation
At 1 December 2014 21,600
Provided during the year 2,399
At 30 November 2015 23,999
Net book value
At 30 November 2015 1
At 30 November 2014 2,400
3 Tangible fixed assets £
Cost
At 1 December 2014 74,789
Additions 57,203
Disposals (17,783)
At 30 November 2015 114,209
Depreciation
At 1 December 2014 41,196
Charge for the year 14,275
On disposals (783)
At 30 November 2015 54,688
Net book value
At 30 November 2015 59,521
At 30 November 2014 33,593
4 Investments £
Cost
Additions 100
At 30 November 2015 100
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
Abacus Properties Halifax Limited Ordinary 100 (6,539) (567)
5 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares 1p each 200 2 2
6 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
MS Woodrow
Director`s loan account,interest-free and repayable on demand 253 50 (1,177) (874)
J Sutcliffe
Director`s loan account,interest-free and repayable on demand 351 50 (1,177) (776)
604 100 (2,354) (1,650)
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