REGISTERED NUMBER: 06917197 (England and Wales)

ABACUS RISK SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S Wilson

REGISTERED OFFICE:

Trentham House

7 The Gardens

Wylde Green

Sutton Coldfield

West Midlands

B72 1DX

REGISTERED NUMBER:

06917197 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Ltd

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Tangible assets

4

134

513

CURRENT ASSETS

Debtors

5

362

4,125

Cash at bank and in hand

538

379

900

4,504

CREDITORS

Amounts falling due within one year

6

4,789

6,947

NET CURRENT LIABILITIES

(3,889

)

(2,443

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,755

)

(1,930

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

(3,757

)

(1,932

)

SHAREHOLDERS' FUNDS

(3,755

)

(1,930

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 20 December 2017 and were signed by:

Mrs S Wilson - Director

1.	STATUTORY INFORMATION

Abacus Risk Solutions 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 are the Company's first financial statements prepared in accordance with Financial Reporting Standard 102 "The

Financial Reporting Standard applicable in the UK and Republic of Ireland".

The accounting policies set out below have been applied in preparing the financial statements for the year ended 31 March

2017, the comparative information presented in these financial statements for the year ended 31 March 2016 and in the

preparation of an opening balance at 1 April 2015 (the Company's date of transition).

There were no differences between Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the

UK and Republic of Ireland" and Financial Reporting Standard for Small Entities (January 2015) in the profit and loss/

statement of income and retained earnings/ statement of total comprehensive income/ income statement and balance

sheet for the two periods.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

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

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

1,974

DEPRECIATION

At 1 April 2016

1,461

Charge for year

379

At 31 March 2017

1,840

NET BOOK VALUE

At 31 March 2017

134

At 31 March 2016

513

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

4,125

Other debtors

362

-

362

4,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

(1

)

Taxation and social security

9

3,708

Other creditors

4,780

3,240

4,789

6,947

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 April 2016

(1,932

)

Deficit for the year

(1,825

)

At 31 March 2017

(3,757

)