REGISTERED NUMBER: 04563604 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

Abacus EPOS UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T Hopkins

J J Hopkins

REGISTERED OFFICE:

5 Loyal Parade

Mill Rise

Brighton

East Sussex

BN1 5GG

REGISTERED NUMBER:

04563604 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

13,769

11,644

CURRENT ASSETS

Stocks

9,150

24,592

Debtors

5

72,630

79,009

Cash at bank and in hand

24,522

21,739

106,302

125,340

CREDITORS

Amounts falling due within one year

6

112,133

127,477

NET CURRENT LIABILITIES

(5,831

)

(2,137

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,938

9,507

CREDITORS

Amounts falling due after more than one year

7

(4,758

)

(6,913

)

PROVISIONS FOR LIABILITIES

(2,754

)

(2,329

)

NET ASSETS

426

265

CAPITAL AND RESERVES

Called up share capital

139

139

Retained earnings

8

287

126

SHAREHOLDERS' FUNDS

426

265

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 December 2017 and were signed on its behalf by:

M T Hopkins - Director

1.	STATUTORY INFORMATION

Abacus EPOS UK 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

3,218

12,085

3,542

18,845

Additions

6,813

8,500

2,074

17,387

Disposals

-

(10,672

)

-

(10,672

)

At 31 March 2017

10,031

9,913

5,616

25,560

DEPRECIATION

At 1 April 2016

936

5,287

978

7,201

Charge for year

2,274

1,157

1,159

4,590

At 31 March 2017

3,210

6,444

2,137

11,791

NET BOOK VALUE

At 31 March 2017

6,821

3,469

3,479

13,769

At 31 March 2016

2,282

6,798

2,564

11,644

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

72,630

79,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Finance leases

1,955

4,029

Trade creditors

22,002

41,758

Taxation and social security

17,443

17,631

Other creditors

70,733

64,059

112,133

127,477

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Finance leases

4,758

6,913

8.

RESERVES

Retained

earnings

£

At 1 April 2016

126

Profit for the year

31,101

Dividends

(30,940

)

At 31 March 2017

287

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 (2016 - £24,000) were paid to the directors .