Abacus Energy and Property Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03484958 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Abacus Energy and Property Services

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B I Jones

SECRETARY:

Ms P Sychrava

REGISTERED OFFICE:

13 Sheaveshill Parade

Sheaveshill Avenue

London

NW9 6RS

REGISTERED NUMBER:

03484958 (England and Wales)

ACCOUNTANTS:

Tanna & Co

Chartered Accountants

13 Sheaveshill Parade

Sheaveshill Avenue

London

NW9 6RS

PLANT & EQUIPMENT

Tangible assets

4

5

7

CURRENT ASSETS

Debtors

5

870

-

Cash at bank

3,707

6,882

4,577

6,882

CREDITORS

Amounts falling due within one year

6

4,283

6,623

NET CURRENT ASSETS

294

259

TOTAL ASSETS LESS CURRENT
LIABILITIES

299

266

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

8

297

264

SHAREHOLDERS' FUNDS

299

266

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 July 2018 and were signed by:

B I Jones - Director

1.	STATUTORY INFORMATION

Abacus Energy and Property Services 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.

Turnover

Sales 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.

Plant and machinery etc

-

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 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2017

and 31 December 2017

1,558

DEPRECIATION

At 1 January 2017

1,551

Charge for year

2

At 31 December 2017

1,553

NET BOOK VALUE

At 31 December 2017

5

At 31 December 2016

7

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Other debtors

870

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Taxation and social security

795

985

Other creditors

3,488

5,638

4,283

6,623

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

2

Ordinary

£1

2

8.

RESERVES

Retained

earnings

£

At 1 January 2017

264

Profit for the year

3,333

Dividends

(3,300

)

At 31 December 2017

297