REGISTERED NUMBER: 05870179 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Abacus HR Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

T E Colman

REGISTERED OFFICE:

Worting House

Church Lane

Basingstoke

Hampshire

RG23 8PX

REGISTERED NUMBER:

05870179 (England and Wales)

ACCOUNTANTS:

Sherringtons

Chartered Certified Accountants

4 Millennium House

Priestley Road

Basingstoke

Hampshire

RG24 9GZ

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

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 HR Ltd for the year ended 31 October 2017 on pages four to eight from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Abacus HR Ltd in accordance with our terms of engagement. Our work has

been undertaken solely to prepare for your approval the financial statements of Abacus HR Ltd and state those matters

that we have agreed to state to the director of Abacus HR Ltd in this report in accordance with the requirements of the

Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 HR 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 HR Ltd. You

consider that Abacus HR 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 HR 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.

Sherringtons

Chartered Certified Accountants

4 Millennium House

Priestley Road

Basingstoke

Hampshire

RG24 9GZ

24 May 2018

FIXED ASSETS

Tangible assets

4

142

190

CURRENT ASSETS

Debtors

5

6,495

6,644

Cash at bank

1,675

213

8,170

6,857

CREDITORS

Amounts falling due within one year

6

(7,079

)

(11,081

)

NET CURRENT ASSETS/(LIABILITIES)

1,091

(4,224

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,233

(4,034

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,230

(4,037

)

SHAREHOLDERS' FUNDS

1,233

(4,034

)

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 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 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 24 May 2018 and were signed by:

T E Colman - Director

1.	STATUTORY INFORMATION

Abacus HR Ltd 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.

Motor vehicles

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 November 2016

and 31 October 2017

2,060

DEPRECIATION

At 1 November 2016

1,870

Charge for year

48

At 31 October 2017

1,918

NET BOOK VALUE

At 31 October 2017

142

At 31 October 2016

190

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,851

-

Other debtors

3,644

6,644

6,495

6,644

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

400

Taxation and social security

3,999

3,533

Other creditors

3,080

7,148

7,079

11,081