REGISTERED NUMBER: 07110803 (England and Wales)

Abacus Electrical Herts Limited

Unaudited Financial Statements For The Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Bird

REGISTERED OFFICE:

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

REGISTERED NUMBER:

07110803 (England and Wales)

ACCOUNTANTS:

Streets ISA Limited

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

FIXED ASSETS

Tangible assets

4

6,724

1,364

CURRENT ASSETS

Debtors

5

5,850

6,592

Cash at bank

1,111

131

6,961

6,723

CREDITORS

Amounts falling due within one year

6

(9,212

)

(7,315

)

NET CURRENT LIABILITIES

(2,251

)

(592

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,473

772

CREDITORS

Amounts falling due after more than one year

7

(4,085

)

-

NET ASSETS

388

772

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

288

672

SHAREHOLDERS' FUNDS

388

772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 March 2017 and were signed by:

Mr P Bird - Director

1.	STATUTORY INFORMATION

Abacus Electrical Herts 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

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done

in the year, including estimates of amounts invoiced. Turnover in respect of long-term contracts and contracts for

ongoing services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2016

1,112

2,840

1,084

5,036

Additions

-

8,394

-

8,394

Disposals

(517

)

(2,840

)

-

(3,357

)

At 31 December 2016

595

8,394

1,084

10,073

DEPRECIATION

At 1 January 2016

836

2,335

501

3,672

Charge for year

46

2,099

292

2,437

Eliminated on disposal

(425

)

(2,335

)

-

(2,760

)

At 31 December 2016

457

2,099

793

3,349

NET BOOK VALUE

At 31 December 2016

138

6,295

291

6,724

At 31 December 2015

276

505

583

1,364

The net book value of tangible fixed assets includes £ 6,295 in respect of assets held under hire purchase

contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

5,850

6,592

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

2,131

787

Tax

4,228

4,451

Directors' current accounts

1,953

1,178

Accrued expenses

900

899

9,212

7,315

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

4,085

-

8.	RELATED PARTY DISCLOSURES

The Company paid £23,000 during the year (£18,000 in 2015) as dividends to Mr P Bird who is the only director

and one of two shareholders.

At the year end the company owed Mr P Bird £1,953 (£1,178 in 2015).

No further transactions with related parties were undertaken such as are required to be disclosed under the

Financial Reporting Standard for Smaller Entities.

9.	ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr P Bird and Mrs J Bird throughout the current and previous year.

Mr P Bird has 75 ordinary shares and Mrs J Bird has 25 ordinary shares making Mr P Bird the ultimate

controlling party.