REGISTERED NUMBER: 02061670

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abacus Wealth Planning Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Pope

Mrs J M Moisey

SECRETARY:

Mrs J M Moisey

REGISTERED OFFICE:

Adelaide House

12 King Edward Road

Brentwood

Essex

CM14 4HL

REGISTERED NUMBER:

02061670

FIXED ASSETS

Tangible assets

4

17,350

21,721

CURRENT ASSETS

Debtors

5

32,153

30,541

Cash at bank and in hand

130,366

82,713

162,519

113,254

CREDITORS

Amounts falling due within one year

6

122,538

111,685

NET CURRENT ASSETS

39,981

1,569

TOTAL ASSETS LESS CURRENT LIABILITIES

57,331

23,290

PROVISIONS FOR LIABILITIES

2,053

2,770

NET ASSETS

55,278

20,520

CAPITAL AND RESERVES

Called up share capital

7

3,000

3,000

Retained earnings

52,278

17,520

SHAREHOLDERS' FUNDS

55,278

20,520

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

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

The directors acknowledge their 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 Board of Directors on 30 November 2017 and were signed on its behalf by:

Mrs J M Moisey - Director

1.	STATUTORY INFORMATION

Abacus Wealth Planning Ltd. is a private company, limited by shares , registered in Not specified/Other. 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.

No adjustment has been required to the corresponding figures contained in these financial statements as a result

of the adoption of Section 1A "Small Entities" of Financial Reporting Standard 102.

TURNOVER

Turnover represents the net commission receivable and work done.

TANGIBLE FIXED ASSETS

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

Short leasehold

-

Straight line over 15 years

Improvements to property

-

Straight line over 15 years

Fixtures and fittings

-

25% on reducing balance and 10% on reducing balance

Computer equipment

-

33% on reducing balance

The short leasehold depreciation is in respect of office premises at Adelaide House, 12 King Edward Road,

Brentwood.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 (2016 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

5,105

48,562

53,667

Additions

-

1,884

1,884

Disposals

-

(15,511

)

(15,511

)

At 31 March 2017

5,105

34,935

40,040

DEPRECIATION

At 1 April 2016

1,021

30,925

31,946

Charge for year

340

4,379

4,719

Eliminated on disposal

-

(13,975

)

(13,975

)

At 31 March 2017

1,361

21,329

22,690

NET BOOK VALUE

At 31 March 2017

3,744

13,606

17,350

At 31 March 2016

4,084

17,637

21,721

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

29,273

25,331

Other debtors

2,880

5,210

32,153

30,541

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

1,162

1,325

Taxation and social security

36,495

27,181

Other creditors

84,881

83,179

122,538

111,685

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

3,000

Ordinary

£1

3,000

3,000