Company Registration No. 06754730 (England and Wales)
ABACUS TRAINING GROUP LIMITED
Unaudited accounts
for the period from 1 December 2016 to 31 July 2017
ABACUS TRAINING GROUP LIMITED
Unaudited accounts
Contents
ABACUS TRAINING GROUP LIMITED
Company Information
for the period from 1 December 2016 to 31 July 2017
Company Number
06754730 (England and Wales)
Registered Office
1 FEATHERBANK COURT
FEATHERBANK LANE
LEEDS
LS18 4QF
ENGLAND
Accountants
Cloud Genie Ltd
Stonegate House
Featherbank Court
Horsforth
LS18 4QF
ABACUS TRAINING GROUP LIMITED
Statement of financial position
as at 31 July 2017
Tangible assets
9,170
13,763
Cash at bank and in hand
7,666
3,984
Creditors: amounts falling due within one year
(26,638)
(264,337)
Net current assets/(liabilities)
21,433
(244,930)
Net assets/(liabilities)
30,603
(231,167)
Called up share capital
3,000
3,000
Profit and loss account
27,603
(234,167)
Shareholders' funds
30,603
(231,167)
For the period ending 31 July 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 October 2017.
John Fields
Director
Company Registration No. 06754730
ABACUS TRAINING GROUP LIMITED
Notes to the Accounts
for the period from 1 December 2016 to 31 July 2017
ABACUS TRAINING GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06754730. The registered office and principal place of business is 1 FEATHERBANK COURT, FEATHERBANK LANE, LEEDS, LS18 4QF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 December 2016 to 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
ABACUS TRAINING GROUP LIMITED
Notes to the Accounts
for the period from 1 December 2016 to 31 July 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 December 2016
5,530
22,272
27,802
At 31 July 2017
5,530
22,272
27,802
At 1 December 2016
1,382
12,657
14,039
Charge for the period
922
3,671
4,593
At 31 July 2017
2,304
16,328
18,632
At 31 July 2017
3,226
5,944
9,170
At 30 November 2016
4,148
9,615
13,763
Accrued income and prepayments
39,880
15,000
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
596
Trade creditors
22,915
111,296
Amounts owed to group undertakings and other participating interests
5,323
148,323
Taxes and social security
-
(1,100)
Other creditors
(1,600)
(1,484)
Loans from directors
-
6,706
Allotted, called up and fully paid:
3,000 Ordinary shares of £1 each
3,000
3,000
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Average number of employees
During the period the average number of employees was 0 (2016: 0).