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Abbot Research Limited
 
 
Company Registration Number
02752110
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/05/2016
 
End date 30/04/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Abbot Research Limited
 
Contents of the Financial Statements
for the Period Ended 30 April 2017
 
 
Page
Company Information 3
 
Report of the Accountants 4
 
Abridged Balance Sheet 5 - 6
 
Notes to the Financial Statements 7 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Abbot Research Limited
 
Company Information
for the Period Ended 30 April 2017
 
Directors Mr S C Sinclair
 
Company secretary Mrs E J Sinclair
 
Registered office 008 Berwick Workspace
90 Marygate
Berwick Upon Tweed
TD15 1BN
 
Company Registration Number 02752110
 
Accountants Name Optimus Accounting Limited
Address Berwick WorkSpace
90 Marygate
Berwick Upon Tweed
TD15 1BN
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Abbot Research Limited
 
Accountants' Report
for the Period Ended 30 April 2017
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 30 April 2017. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 30 April 2017 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Optimus Accounting Limited
Berwick WorkSpace
90 Marygate
Berwick Upon Tweed
TD15 1BN
 
Date 2018-01-28
Page 4
Abbot Research Limited
Balance Sheet
for the Period Ended 30 April 2017
Company registration number 02752110
2017 2016
Notes £ £
Fixed assets
Tangible fixed assets 2 290 386
_______ _______
Total fixed assets 290 386
Current assets
Debtors 3 20,297 16,165
Cash at bank and in hand 2,999 6,029
_______ _______
Total current assets/(liabilities) 23,296 22,194
Creditors
Creditors - amounts falling
due within one year 4 6,924 5,066
_______ _______
Net current assets 16,372 17,128
_______ _______
Total assets less current liabilities 16,662 17,514
_______ _______
Net assets/(liabilities) 16,662 17,514
Capital and reserves
Called up share capital 5 2 2
Profit and loss account 6 16,660 17,512
_____ _____
Total shareholders funds 16,662 17,514
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 5
Abbot Research Limited
 
Balance Sheet
for the Period Ended 30 April 2017
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 30 April 2017 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2018-01-28
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Mr S C Sinclair
 
The notes form part of these financial statements
 
 
 
 
 
 
 
Page 6
Abbot Research Limited
Notes to the Financial Statements
for the Period Ended 30 April 2017
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Abbot Research Limited
Notes to the Financial Statements
for the Period Ended 30 April 2017
2. Tangible fixed assets
Office Total
equipment
Cost £ £
At 1 May 2016 4,551 4,551
____ ____
At 30 April 2017 4,551 4,551
Depreciation
At 1 May 2016 4,165 4,165
Charge for year 96 96
____ ____
At 30 April 2017 4,261 4,261
Net book value
At 30 April 2017 290 290
At 30 April 2016 386 386
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Abbot Research Limited
Notes to the Financial Statements
for the Period Ended 30 April 2017
3. Debtors 2017 2016
Trade debtors 18,797 16,165
Prepayments and accrued income 1,500
_____ _____
Total 20,297 16,165
4. Creditors amounts falling due within one year 2017 2016
Trade creditors 82 110
Corporation tax 135
Other taxation and social security 4,133 3,232
Accruals and deferred income 450 450
Other creditors 2,259 1,139
____ ____
Total 6,924 5,066
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Abbot Research Limited
Notes to the Financial Statements
for the Period Ended 30 April 2017
5. Share capital 2017 2016
Allotted, called up and paid £ £
Ord £ 1 2 2
_ _
Total 2 2
6. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 May 2016 17,512
Profit/(Loss) for year (852)
Dividends paid
_____
Retained Profit/(Loss) at 30 April 2017 16,660
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10