ABACUS_CONTRACT_SERVICES_

ABACUS CONTRACT SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,376

1,611

Investments

132,049

344,982

133,425

346,593

Current assets

Stocks

1,205

Debtors

11,946

104,598

Cash at bank and in hand

560,911

909,950

572,857

1,015,753

Creditors: amounts falling due within one year

(91,574)

(10,983)

Net current assets

481,283

1,004,770

Total assets less current liabilities

614,708

1,351,363

Provisions for liabilities

(167)

(168)

614,541

1,351,195

Capital and reserves

Called up share capital

Profit and loss account

614,539

1,351,193

Shareholders' funds

614,541

1,351,195

ABACUS CONTRACT SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial Period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 November 2016

Mrs P Hawkins

Director

Company Registration No. 02627943

ABACUS CONTRACT SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ABACUS CONTRACT SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 31 August 2015

21,029

344,982

366,011

Disposals

(212,933)

At 31 March 2016

21,029

132,049

153,078

Depreciation

At 31 August 2015

19,418

Charge for the period

235

At 31 March 2016

19,653

Net book value

At 31 March 2016

1,376

132,049

133,425

At 30 August 2015

1,611

344,982

346,593

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

Other transactions

At the period end Mrs P Hawkins was owed by way of her director's current account £12 (2015: £93).

During the period the company traded rent free from the director's home address.