Abacus Building Design Limited 01755478 false 2016-04-01 2017-03-31 2017-03-31 The principal activity of the company is that of building designers and planners Digita Accounts Production Advanced 6.20.8420.0 Software true 01755478 2016-04-01 2017-03-31 01755478 2017-03-31 01755478 core:RetainedEarningsAccumulatedLosses 2017-03-31 01755478 core:ShareCapital 2017-03-31 01755478 core:CurrentFinancialInstruments 2017-03-31 01755478 core:CurrentFinancialInstruments core:WithinOneYear 2017-03-31 01755478 core:CostValuation 2017-03-31 01755478 core:RevaluationsIncreaseDecreaseInInvestments 2017-03-31 01755478 core:FurnitureFittingsToolsEquipment 2017-03-31 01755478 bus:SmallEntities 2016-04-01 2017-03-31 01755478 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 01755478 bus:FullAccounts 2016-04-01 2017-03-31 01755478 bus:RegisteredOffice 2016-04-01 2017-03-31 01755478 bus:CompanySecretary1 2016-04-01 2017-03-31 01755478 bus:Director2 2016-04-01 2017-03-31 01755478 bus:Director3 2016-04-01 2017-03-31 01755478 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 01755478 bus:Agent1 2016-04-01 2017-03-31 01755478 core:FurnitureFittings 2016-04-01 2017-03-31 01755478 core:FurnitureFittingsToolsEquipment 2016-04-01 2017-03-31 01755478 core:OfficeEquipment 2016-04-01 2017-03-31 01755478 countries:England 2016-04-01 2017-03-31 01755478 2016-03-31 01755478 core:FurnitureFittingsToolsEquipment 2016-03-31 01755478 2015-04-01 2016-03-31 01755478 2016-03-31 01755478 core:RetainedEarningsAccumulatedLosses 2016-03-31 01755478 core:ShareCapital 2016-03-31 01755478 core:CurrentFinancialInstruments 2016-03-31 01755478 core:CurrentFinancialInstruments core:WithinOneYear 2016-03-31 01755478 core:CostValuation 2016-03-31 01755478 core:FurnitureFittingsToolsEquipment 2016-03-31 iso4217:GBP xbrli:pure

Registration number: 01755478

Abacus Building Design Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Abacus Building Design Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 7

 

Abacus Building Design Limited

Company Information

Directors

Mr S A Kassell

Mrs C C Kassell

Company secretary

Mrs C C Kassell

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Abacus Building Design Limited
for the Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abacus Building Design Limited for the year ended 31 March 2017 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Abacus Building Design Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Abacus Building Design Limited and state those matters that we have agreed to state to the Board of Directors of Abacus Building Design Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abacus Building Design Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Abacus Building Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Abacus Building Design Limited. You consider that Abacus Building Design Limited 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 accounts of Abacus Building Design Limited. 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 accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

8 December 2017

 

Abacus Building Design Limited

(Registration number: 01755478)
Balance Sheet as at 31 March 2017

Note

2017
£

2016
£

Fixed assets

 

Tangible assets

4

3,012

3,951

Investments

5

102,266

92,969

 

105,278

96,920

Current assets

 

Stocks

6

4,500

4,500

Debtors

7

628

31,139

Cash at bank and in hand

 

45,640

449

 

50,768

36,088

Creditors: Amounts falling due within one year

8

(97,377)

(116,951)

Net current liabilities

 

(46,609)

(80,863)

Total assets less current liabilities

 

58,669

16,057

Provisions for liabilities

(500)

(773)

Net assets

 

58,169

15,284

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

58,069

15,184

Total equity

 

58,169

15,284

 

Abacus Building Design Limited

(Registration number: 01755478)
Balance Sheet as at 31 March 2017

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 December 2017 and signed on its behalf by:
 

.........................................

Mrs C C Kassell

Director

 

Abacus Building Design Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1

General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- The financial Reporting Standard applicable in the UK and Republic or Ireland and the Companies Act 2006.
These are the company's first set of financial statements prepared in accordance with FRS102. No adjustments have been necessary in making the transition.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% reducing balance

Office equipment

33% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Abacus Building Design Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2016 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2016

10,630

10,630

Additions

371

371

At 31 March 2017

11,001

11,001

Depreciation

At 1 April 2016

6,679

6,679

Charge for the year

1,310

1,310

At 31 March 2017

7,989

7,989

Carrying amount

At 31 March 2017

3,012

3,012

At 31 March 2016

3,951

3,951

5

Investments

2017
£

2016
£

Investments in associates

102,266

92,969

Associates

£

Cost

At 1 April 2016

92,969

Revaluation

9,297

At 31 March 2017

102,266

Provision

Carrying amount

At 31 March 2017

102,266

At 31 March 2016

92,969

 

Abacus Building Design Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

6

Stocks

2017
£

2016
£

Work in progress

4,500

4,500

7

Debtors

2017
£

2016
£

Trade debtors

26

30,494

Other debtors

602

645

628

31,139

8

Creditors

2017
£

2016
£

Due within one year

Taxation and social security

7,442

7,679

Other creditors

89,935

109,272

97,377

116,951

9

Transition to FRS 102

This is the company's first year applying the FRS 102 reporting framework. The company is a corporate partner in Beechwood Partnership. The value of this investment was previously measured using the equity model. On transition to FRS 102 it is now measured using the fair value through profit and loss model.