Registered Number 05494701

ABACUS CAPITAL LTD

Abbreviated Accounts

31 March 2016

ABACUS CAPITAL LTD Registered Number 05494701

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Current assets
Stocks 314,851 314,851
Debtors 1,600 1,600
Cash at bank and in hand 9,966 2,872
326,417 319,323
Creditors: amounts falling due within one year (301,900) (299,841)
Net current assets (liabilities) 24,517 19,482
Total assets less current liabilities 24,517 19,482
Total net assets (liabilities) 24,517 19,482
Capital and reserves
Called up share capital 3 3
Share premium account 73,000 73,000
Profit and loss account (48,486) (53,521)
Shareholders' funds 24,517 19,482
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 April 2016

And signed on their behalf by:
N Asam, Director

ABACUS CAPITAL LTD Registered Number 05494701

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom except the stock policy.

Turnover policy
Turnover is represents the amount derived from the provision of goods and services falling within the company’s activities after deduction of trade discounts.

Other accounting policies
Stock is stated at the higher of cost, market valuation and net book value.