Abacus 155 Limited

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

Registered number: 06019244

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		172		855
Investments	6		30,000		-

			30,172		855
CURRENT ASSETS
Debtors	7	5,917		6,504
Cash at bank and in hand		124,321		147,267

		130,238		153,771
Creditors: Amounts Falling Due Within One Year	8	(87,397 )		(80,114 )

NET CURRENT ASSETS (LIABILITIES)			42,841		73,657

TOTAL ASSETS LESS CURRENT LIABILITIES			73,013		74,512

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(34 )		(171 )

NET ASSETS			72,979		74,341

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and loss account			72,977		74,339

SHAREHOLDERS' FUNDS			72,979		74,341

Page 1

Abacus 155 Limited

Balance Sheet (continued)

As at 31 March 2017

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

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Stuart Baldwin

04/12/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	2	95,280	95,282
Profit for the year and total comprehensive income	-	48,559	48,559

Dividends paid	-	(69,500)	(69,500)

As at 31 March 2016 and 1 April 2016	2	74,339	74,341


Profit for the year and total comprehensive income	-	63,988	63,988

Dividends paid	-	(65,350)	(65,350)

As at 31 March 2017	2	72,977	72,979

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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

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:

Computer Equipment

straight line over 3 years

1.4. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.5. 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.

5. Tangible Assets


	Computer Equipment
	£
Cost
As at 1 April 2016	6,090

As at 31 March 2017	6,090

Depreciation
As at 1 April 2016	5,235
Provided during the period	683

As at 31 March 2017	5,918

Net Book Value
As at 31 March 2017	172

As at 1 April 2016	855

Page 4

Abacus 155 Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

6. Investments

	Listed
	£
Cost
As at 1 April 2016	-
Additions	30,000

As at 31 March 2017	30,000

Provision
As at 1 April 2016	-

As at 31 March 2017	-

Net Book Value
As at 31 March 2017	30,000

As at 1 April 2016	-

7. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	4,274	3,578
Prepayments and accrued income	1,643	2,926

	5,917	6,504

8. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	2,262	-
Corporation tax	16,133	12,276
Other taxes and social security	686	785
VAT	6,466	5,973
Other creditors	808	386
Accruals and deferred income	2,040	3,036
Directors' loan accounts	59,002	57,658

	87,397	80,114

Page 5

Abacus 155 Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

9. Deferred Taxation

	2017	2016
	£	£
As at 1 April 2016	171	308
Deferred taxation	(137 )	(137 )


Deferred tax	34	171

The provision for deferred taxation is made up of accelerated capital allowances

10. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

11. Transactions With and Loans to Directors

Dividends paid to directors

12. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	65,350	69,500

	65,350	69,500

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 155 Limited Registered number 06019244 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Spring Bank Meadow, Ripon, North Yorkshire, HG4 1HQ.