REGISTERED NUMBER: 06256335 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2017

for

ABSTRACKED SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P W Abbott

SECRETARY:

S Burgess

REGISTERED OFFICE:

120 Birches Lane

South Wingfield

Alfreton

Derbyshire

DE55 7LZ

REGISTERED NUMBER:

06256335 (England and Wales)

ACCOUNTANTS:

S Burgess & Co Ltd

11 Slayleigh Avenue

Sheffield

South Yorkshire

S10 3RA

FIXED ASSETS

Tangible assets

4

11,334

14,984

CURRENT ASSETS

Debtors

5

82,670

51,067

Cash at bank

410,043

343,864

492,713

394,931

CREDITORS

Amounts falling due within one year

6

193,694

128,971

NET CURRENT ASSETS

299,019

265,960

TOTAL ASSETS LESS CURRENT LIABILITIES

310,353

280,944

PROVISIONS FOR LIABILITIES

2,153

2,997

NET ASSETS

308,200

277,947

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

308,199

277,946

SHAREHOLDERS' FUNDS

308,200

277,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 11 December 2017 and were signed by:

P W Abbott - Director

1.	STATUTORY INFORMATION

Abstracked Solutions Limited 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.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

The company adopted FRS 102 in the current year and an explanation of how the transition to FRS

102 has affected the reported financial position and performance is given in the financial statements.

Turnover

Turnover represents the net invoiced value of health and safety support, training, and technical

authoring services, excluding value added tax. Turnover is recognised in accordance with the contract

terms and by reference to the valuation of time spent.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

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.

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.

Work in progress

Income on work in progress contracts is recognised by reference to the valuation of the time spent on

each contract, at the year end.

Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed

with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up

to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the

difference between the reported turnover, and the related costs.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the

transaction price. Any losses arising from impairment are recognised in the statement of

comprehensive income within administrative expenses.

Impairment

At each balance sheet date, assets not measured at fair value are reviewed for any indication that the

asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of

the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where

the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit

and loss account unless the asset is carried at a revalued amount, where the impairment loss is

recognised as a revaluation reduction.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 6 April 2016

and 5 April 2017

4,163

23,242

27,405

DEPRECIATION

At 6 April 2016

2,253

10,168

12,421

Charge for year

382

3,268

3,650

At 5 April 2017

2,635

13,436

16,071

NET BOOK VALUE

At 5 April 2017

1,528

9,806

11,334

At 5 April 2016

1,910

13,074

14,984

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Trade debtors

63,337

39,553

Amounts recoverable on contract

7,333

11,514

Prepayments

12,000

-

82,670

51,067

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Payments on account of

contract

63,050

-

Trade creditors

4,000

4,775

Corporation tax

29,927

36,585

Social security and other taxes

-

48

VAT

30,710

25,707

Directors' current accounts

64,247

60,096

Accruals and deferred income

1,760

1,760

193,694

128,971

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.17

5.4.16

value:

£

£

1

Ordinary

£1

1

1

8.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 5 April 2017. There were no

changes in the accounting policies arising from the transition from the previous financial reporting

framework, to FRS 102. Further, there were no adjustments to the previously reported profit and loss

account, or the previously reported equity shareholders funds, at the date of transition.