REGISTERED NUMBER: 05147757 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

ABACUS FINANCIAL (MUDEFORD) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P M Trudgeon

Mrs S J Trudgeon

SECRETARY:

Mrs S J Trudgeon

REGISTERED OFFICE:

87 Burley Road

Bransgore

Christchurch

Dorset

BH23 8BA

REGISTERED NUMBER:

05147757 (England and Wales)

ACCOUNTANTS:

Richard Baker & Co.

The Gatehouse

Wick Drive

New Milton

Hampshire

BH25 6SJ

FIXED ASSETS

Intangible assets

2

19,053

21,786

Tangible assets

3

2,445

1,794

21,498

23,580

CREDITORS

Amounts falling due within one year

19,009

13,019

NET CURRENT LIABILITIES

(19,009

)

(13,019

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,489

10,561

PROVISIONS FOR LIABILITIES

-

244

NET ASSETS

2,489

10,317

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

1,489

9,317

SHAREHOLDERS' FUNDS

2,489

10,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 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 Board of Directors on 20 March 2017 and were signed on its behalf by:

P M Trudgeon - 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 businesses in 2004 and 2008, is being

amortised evenly over its estimated useful life of twenty and fifteen years respectively.

Tangible fixed assets

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

Equipment at 15% reducing balance basis, Computer equipment 20% reducing balance basis.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

43,000

AMORTISATION

At 1 July 2015

21,214

Amortisation for year

2,733

At 30 June 2016

23,947

NET BOOK VALUE

At 30 June 2016

19,053

At 30 June 2015

21,786

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

6,321

Additions

1,207

At 30 June 2016

7,528

DEPRECIATION

At 1 July 2015

4,527

Charge for year

556

At 30 June 2016

5,083

NET BOOK VALUE

At 30 June 2016

2,445

At 30 June 2015

1,794

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000