REGISTERED NUMBER: 04843050 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABACUS ACCOUNTING SOLUTIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Minesh Davda

Madhuri Davda

SECRETARY:

Madhuri Davda

REGISTERED OFFICE:

5 Pasture Close

North Wembley

Middlesex

HA0 3JE

REGISTERED NUMBER:

04843050 (England and Wales)

ACCOUNTANTS:

Abacus Accounting Solutions Ltd

5 Pasture Close

North Wembley

Middlesex

HA0 3JE

FIXED ASSETS

Tangible assets

4

287

383

CURRENT ASSETS

Debtors

5

850

400

Cash at bank and in hand

17,066

19,985

17,916

20,385

CREDITORS

Amounts falling due within one year

6

2,210

7,400

NET CURRENT ASSETS

15,706

12,985

TOTAL ASSETS LESS CURRENT LIABILITIES

15,993

13,368

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

15,991

13,366

SHAREHOLDERS' FUNDS

15,993

13,368

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 directors acknowledge their 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 Board of Directors on 29 December 2017 and were signed on its behalf by:

Minesh Davda - Director

1.	STATUTORY INFORMATION

Abacus Accounting 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 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 represents net invoiced value of services rendered.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

2,388

DEPRECIATION

At 1 April 2016

2,005

Charge for year

96

At 31 March 2017

2,101

NET BOOK VALUE

At 31 March 2017

287

At 31 March 2016

383

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

850

400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

2,193

7,394

Other creditors

17

6

2,210

7,400

7.	FIRST YEAR ADOPTION

The policies applied under the entities previous accounting framework are not materially different to FRS 102,

Section 1A and have not impacted on equity or profit and loss for the year.