Abacus Reservations Limited 04585744 false 2017-01-01 2017-12-31 2017-12-31 The principal activity of the company is the managing of canal boat holiday reservations. Digita Accounts Production Advanced 6.20.8420.0 Software true 04585744 2017-01-01 2017-12-31 04585744 2017-12-31 04585744 core:RetainedEarningsAccumulatedLosses 2017-12-31 04585744 core:ShareCapital 2017-12-31 04585744 core:CurrentFinancialInstruments 2017-12-31 04585744 core:CurrentFinancialInstruments core:WithinOneYear 2017-12-31 04585744 core:FurnitureFittingsToolsEquipment 2017-12-31 04585744 bus:SmallEntities 2017-01-01 2017-12-31 04585744 bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 04585744 bus:FullAccounts 2017-01-01 2017-12-31 04585744 bus:RegisteredOffice 2017-01-01 2017-12-31 04585744 bus:CompanySecretary1 2017-01-01 2017-12-31 04585744 bus:Director1 2017-01-01 2017-12-31 04585744 bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 04585744 bus:Agent1 2017-01-01 2017-12-31 04585744 core:FurnitureFittings 2017-01-01 2017-12-31 04585744 core:FurnitureFittingsToolsEquipment 2017-01-01 2017-12-31 04585744 countries:AllCountries 2017-01-01 2017-12-31 04585744 2016-12-31 04585744 core:FurnitureFittingsToolsEquipment 2016-12-31 04585744 2016-01-01 2016-12-31 04585744 2016-12-31 04585744 core:RetainedEarningsAccumulatedLosses 2016-12-31 04585744 core:ShareCapital 2016-12-31 04585744 core:CurrentFinancialInstruments 2016-12-31 04585744 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 04585744 core:FurnitureFittingsToolsEquipment 2016-12-31 iso4217:GBP xbrli:pure

Abacus Reservations Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Abacus Reservations Limited
(Registration number: 04585744)

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Abacus Reservations Limited
(Registration number: 04585744)

Company Information

Director

Mr I A Williams

Company secretary

Mrs R Ashford

Registered office

28 Alexandra Terrace Exmouth Devon EX8 1BD

Bankers

Lloyds Bank

Accountants

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Page 1

Abacus Reservations Limited
(Registration number: 04585744)

Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	8,227	9,674
Current assets
Debtors	5	11,566	13,410
Cash at bank and in hand		51,124	56,599
		62,690	70,009
Creditors: Amounts falling due within one year	6	(28,082)	(28,256)
Net current assets		34,608	41,753
Total assets less current liabilities		42,835	51,427
Provisions for liabilities		(1,322)	(2,910)
Net assets		41,513	48,517
Capital and reserves
Called up share capital		100	100
Profit and loss account		41,413	48,417
Total equity		41,513	48,517

For the financial year ending 31 December 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Abacus Reservations Limited
(Registration number: 04585744)

Balance Sheet as at 31 December 2017

Approved and authorised by the director on 23 April 2018
 

.........................................

Mr I A Williams

Director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Abacus Reservations Limited
(Registration number: 04585744)

Notes to the Financial Statements for the Year Ended 31 December 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 4

Abacus Reservations Limited
(Registration number: 04585744)

Notes to the Financial Statements for the Year Ended 31 December 2017

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2016 - 2).

Page 5

Abacus Reservations Limited
(Registration number: 04585744)

Notes to the Financial Statements for the Year Ended 31 December 2017

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2017	82,749	82,749
Additions	2,859	2,859
At 31 December 2017	85,608	85,608
Depreciation
At 1 January 2017	73,075	73,075
Charge for the year	4,306	4,306
At 31 December 2017	77,381	77,381
Carrying amount
At 31 December 2017	8,227	8,227
At 31 December 2016	9,674	9,674

5

Debtors

	2017 £	2016 £
Trade debtors	3,335	5,179
Prepayments and accrued income	8,231	8,231
Total current trade and other debtors	11,566	13,410

6

Creditors

	2017 £	2016 £
Due within one year
Trade creditors	1,136	2,829
Taxation and social security	23,104	23,126
Other creditors	1,641	150
Accrued expenses	2,201	2,151
	28,082	28,256