REGISTERED NUMBER: SC317892 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

ABACUS COMMERCIAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

S Gillies

SECRETARY:

Mrs L Gillies

REGISTERED OFFICE:

Flat 3/1

75 Novar Drive

Glasgow

G12 9SS

REGISTERED NUMBER:

SC317892 (Scotland)

ACCOUNTANTS:

Mark Toma & Company Limited

Chartered Accountants & Business Advisers

48 Nithsdale Road

Glasgow

G41 2AN

FIXED ASSETS

Intangible assets

2

7,700

15,400

Tangible assets

3

479

-

8,179

15,400

CURRENT ASSETS

Debtors

6,720

-

Prepayments and accrued income

-

699

Cash at bank

239

909

6,959

1,608

CREDITORS

Amounts falling due within one year

14,824

16,538

NET CURRENT LIABILITIES

(7,865

)

(14,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

314

470

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

214

370

SHAREHOLDERS' FUNDS

314

470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 November 2016 and were signed by:

S Gillies - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

77,000

AMORTISATION

At 1 April 2015

61,600

Amortisation for year

7,700

At 31 March 2016

69,300

NET BOOK VALUE

At 31 March 2016

7,700

At 31 March 2015

15,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

639

At 31 March 2016

639

DEPRECIATION

Charge for year

160

At 31 March 2016

160

NET BOOK VALUE

At 31 March 2016

479

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

£

S Gillies

Balance outstanding at start of year

-

-

Amounts advanced

6,745

-

Amounts repaid

-

-

Balance outstanding at end of year

6,745

-

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abacus Commercial Ltd for the year ended 31 March 2016 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Abacus Commercial Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abacus Commercial Ltd and state those matters that we have agreed to state to the director of Abacus Commercial Ltd in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

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

Mark Toma & Company Limited

Chartered Accountants & Business Advisers

48 Nithsdale Road

Glasgow

G41 2AN

30 November 2016