Abacus Accountancy & Payroll Services Ltd

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 06644762

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7		1,869		2,492

			1,869		2,492
CURRENT ASSETS
Debtors	8	6,081		8,396
Cash at bank and in hand		5,795		7,765

		11,876		16,161
Creditors: Amounts Falling Due Within One Year	9	(11,430 )		(15,889 )

NET CURRENT ASSETS (LIABILITIES)			446		272

TOTAL ASSETS LESS CURRENT LIABILITIES			2,315		2,764

NET ASSETS			2,315		2,764

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and loss account			2,314		2,763

SHAREHOLDERS' FUNDS			2,315		2,764

Page 1

Balance Sheet (continued)

As at 31 July 2017

For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.

On behalf of the board

Mrs Ann White

11/08/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 August 2015	1	6,260	6,261
Profit for the year and total comprehensive income	-	4,753	4,753

Dividends paid	-	(8,250)	(8,250)

As at 31 July 2016 and 1 August 2016	1	2,763	2,764


Profit for the year and total comprehensive income	-	9,551	9,551

Dividends paid	-	(10,000)	(10,000)

As at 31 July 2017	1	2,314	2,315

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

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

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed 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:

Plant & Machinery

25% Reducing Balance

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2017	2016
	£	£
Wages and salaries	42,460	48,344
Social security costs	766	2,645

	43,226	50,989

4. Director's remuneration

	2017	2016
	£	£
Emoluments	26,000	31,750

	26,000	31,750

5. Interest Payable

	2017	2016
	£	£
Bank loans and overdrafts	139	12

	139	12

Page 4

Abacus Accountancy & Payroll Services Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 July 2017

7. Tangible Assets


	Plant & Machinery
	£
Cost
As at 1 August 2016	7,978

As at 31 July 2017	7,978

Depreciation
As at 1 August 2016	5,486
Provided during the period	623

As at 31 July 2017	6,109

Net Book Value
As at 31 July 2017	1,869

As at 1 August 2016	2,492

8. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	6,081	8,396

	6,081	8,396

9. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	2,315	2,251
Corporation tax	2,580	1,440
Other taxes and social security	529	691
VAT	6,006	11,507

	11,430	15,889

10. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

11. Transactions With and Loans to Directors

Dividends paid to directors

Page 5

Abacus Accountancy & Payroll Services Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 July 2017

12. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	10,000	8,250

	10,000	8,250

13. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

14. General Information

Abacus Accountancy & Payroll Services Ltd Registered number 06644762 is a limited by shares company incorporated in England & Wales. The Registered Office is 7 West Street, Epsom, Surrey, KT18 7RL.