REGISTERED NUMBER: 06394268 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

ABRAXA SOLUTIONS LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A Evans

SECRETARY:

REGISTERED OFFICE:

56 Meadow Way

Bradley Stoke

Bristol

BS32 8BP

REGISTERED NUMBER:

06394268 (England and Wales)

ACCOUNTANTS:

SAIRIDES ACCOUNTANCY SERVICES

Suite 1011

Northway House

1379 High Road

Whetstone

London

N20 9LP

The director presents his report with the financial statements of the company for the year ended 31 October 2013.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of computer consultancy

services.

DIRECTOR

A Evans held office during the whole of the period from 1 November 2012 to the date of this report.

CESSATION OF TRADING

The company ceased trading on 31 October 2013 and the director will take the steps necessary to have the company

removed from the register of companies in England and Wales.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A Evans - Director

6 November 2013

TURNOVER

79,580

97,668

Administrative expenses

42,180

61,804

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

37,400

35,864

Tax on profit on ordinary activities

3

7,581

6,942

PROFIT FOR THE FINANCIAL YEAR

29,819

28,922

FIXED ASSETS

Tangible assets

5

1,551

2,068

CURRENT ASSETS

Debtors

6

-

2,040

Cash at bank

39,110

50,662

39,110

52,702

CREDITORS

Amounts falling due within one year

7

13,384

17,312

NET CURRENT ASSETS

25,726

35,390

TOTAL ASSETS LESS CURRENT LIABILITIES

27,277

37,458

CAPITAL AND RESERVES

Called up share capital

8

1

1

Profit and loss account

9

27,276

37,457

SHAREHOLDERS' FUNDS

27,277

37,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 6 November 2013 and were signed by:

A Evans - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.10.13

31.10.12

£

£

Depreciation - owned assets

517

689

Pension costs

25,000

40,000

Director's remuneration and other benefits etc

11,428

14,026

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.10.13

31.10.12

£

£

Current tax:

UK corporation tax

7,581

6,942

Tax on profit on ordinary activities

7,581

6,942

4.

DIVIDENDS

31.10.13

31.10.12

£

£

Ordinary share of £1

Final

40,000

20,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2012

and 31 October 2013

3,762

DEPRECIATION

At 1 November 2012

1,694

Charge for year

517

At 31 October 2013

2,211

NET BOOK VALUE

At 31 October 2013

1,551

At 31 October 2012

2,068

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.13

31.10.12

£

£

Trade debtors

-

2,040

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.13

31.10.12

£

£

Taxation and social security

7,581

13,093

Other creditors

5,803

4,219

13,384

17,312

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Profit

and loss

account

£

At 1 November 2012

37,457

Profit for the year

29,819

Dividends

(40,000

)

At 31 October 2013

27,276