Registered Number 07259307

ABAKUS 2 LTD

Abbreviated Accounts

31 May 2016

ABAKUS 2 LTD Registered Number 07259307

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 6,000 7,000
Tangible assets 3 4,404 -
10,404 7,000
Current assets
Stocks 20,525 13,525
Debtors 12,530 9,824
Cash at bank and in hand 111,696 105,057
144,751 128,406
Creditors: amounts falling due within one year (61,132) (30,150)
Net current assets (liabilities) 83,619 98,256
Total assets less current liabilities 94,023 105,256
Total net assets (liabilities) 94,023 105,256
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 93,923 105,156
Shareholders' funds 94,023 105,256
  • For the year ending 31 May 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 16 February 2017

And signed on their behalf by:
Robert Faryna, Director

ABAKUS 2 LTD Registered Number 07259307

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of good and services supplied by the company, net of Value Added Tax and trade discounts

Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings: 15% on cost
Computer equipment: 20% on cost

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life 10 years.

2Intangible fixed assets
£
Cost
At 1 June 2015 10,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 10,000
Amortisation
At 1 June 2015 3,000
Charge for the year 1,000
On disposals -
At 31 May 2016 4,000
Net book values
At 31 May 2016 6,000
At 31 May 2015 7,000
3Tangible fixed assets
£
Cost
At 1 June 2015 20,273
Additions 5,505
Disposals -
Revaluations -
Transfers -
At 31 May 2016 25,778
Depreciation
At 1 June 2015 20,273
Charge for the year 1,101
On disposals -
At 31 May 2016 21,374
Net book values
At 31 May 2016 4,404
At 31 May 2015 0
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100