REGISTERED NUMBER: 05653281 (England and Wales)

Financial Statements for the Year Ended 30th September 2017

for

Abacus Fire and Security Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Sephton

SECRETARY:

Mrs C Sephton

REGISTERED OFFICE:

Unit 2 Semer Court

Crockatt Road

Hadleigh

Suffolk

IP7 6RN

REGISTERED NUMBER:

05653281 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

50,597

43,894

50,597

43,894

CURRENT ASSETS

Stocks and work in progress

43,970

92,816

Debtors

6

110,524

144,599

Cash at bank

247,169

102,134

401,663

339,549

CREDITORS

Amounts falling due within one year

7

131,074

100,827

NET CURRENT ASSETS

270,589

238,722

TOTAL ASSETS LESS CURRENT LIABILITIES

321,186

282,616

PROVISIONS FOR LIABILITIES

9,613

8,779

NET ASSETS

311,573

273,837

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

311,571

273,835

SHAREHOLDERS' FUNDS

311,573

273,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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 26th February 2018 and were signed by:

Mr D Sephton - Director

1.	STATUTORY INFORMATION

Abacus Fire and Security Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks and work in progress and work in progress are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks and work in progress to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2016

and 30th September 2017

73,500

AMORTISATION

At 1st October 2016

and 30th September 2017

73,500

NET BOOK VALUE

At 30th September 2017

-

At 30th September 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st October 2016

17,684

5,196

57,502

24,265

104,647

Additions

459

2,091

19,702

1,950

24,202

Disposals

-

-

(18,912

)

-

(18,912

)

At 30th September 2017

18,143

7,287

58,292

26,215

109,937

DEPRECIATION

At 1st October 2016

12,241

3,402

28,809

16,301

60,753

Charge for year

1,180

475

6,858

1,948

10,461

Eliminated on disposal

-

-

(11,874

)

-

(11,874

)

At 30th September 2017

13,421

3,877

23,793

18,249

59,340

NET BOOK VALUE

At 30th September 2017

4,722

3,410

34,499

7,966

50,597

At 30th September 2016

5,443

1,794

28,693

7,964

43,894

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

98,338

137,589

Other debtors

12,186

7,010

110,524

144,599

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

33,950

30,852

Taxation and social security

88,237

59,441

Other creditors

8,887

10,534

131,074

100,827

8.	ULTIMATE CONTROLLING PARTY