REGISTERED NUMBER: 05636127 (England and Wales)

Abacus Building & Surveying Limited

Unaudited Financial Statements

For The Year Ended 30th November 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D T Smith

Mrs L K Smith

SECRETARY:

REGISTERED OFFICE:

3 Spring Way

Sible Hedingham

Halstead

Essex

CO9 3SB

REGISTERED NUMBER:

05636127 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Tangible assets

4

14,081

18,773

CURRENT ASSETS

Stocks

5

658

-

Debtors

6

155

178

Investments

7

14,875

14,875

Cash at bank

34,709

15,267

50,397

30,320

CREDITORS

Amounts falling due within one year

8

42,759

42,915

NET CURRENT ASSETS/(LIABILITIES)

7,638

(12,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,719

6,178

CAPITAL AND RESERVES

Called up share capital

9

1,001

1,001

Retained earnings

10

20,718

5,177

SHAREHOLDERS' FUNDS

21,719

6,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 23rd April 2018 and were signed on its behalf by:

D T Smith - Director

1.	STATUTORY INFORMATION

Abacus Building & Surveying 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

Turnover 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st December 2016

and 30th November 2017

1,683

30,480

1,395

33,558

DEPRECIATION

At 1st December 2016

1,477

11,913

1,395

14,785

Charge for year

51

4,641

-

4,692

At 30th November 2017

1,528

16,554

1,395

19,477

NET BOOK VALUE

At 30th November 2017

155

13,926

-

14,081

At 30th November 2016

206

18,567

-

18,773

5.

STOCKS

2017

2016

£

£

Stocks

658

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

VAT

155

178

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Listed investments

14,875

14,875

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

13,550

10,573

Social security and other taxes

16

27

Directors' loan accounts

28,355

31,535

Accrued expenses

838

780

42,759

42,915

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1

Ordinary 'B' Non-voting

£1

1

1

1,001

1,001

10.

RESERVES

Retained

earnings

£

At 1st December 2016

5,177

Profit for the year

55,541

Dividends

(40,000

)

At 30th November 2017

20,718