Abstract Healthcare Services Limited

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Investments	2		100		100

			100		100
CURRENT ASSETS
Stocks		1,600,000		1,600,000
Debtors		7,285		11,144
Cash at bank and in hand		3,086		2,850

		1,610,371		1,613,994
Creditors: Amounts Falling Due Within One Year		(5,338)		(16,802)

NET CURRENT ASSETS (LIABILITIES)			1,605,033		1,597,192

TOTAL ASSETS LESS CURRENT LIABILITIES			1,605,133		1,597,292

NET ASSETS			1,605,133		1,597,292

CAPITAL AND RESERVES
Called up share capital	3		1,600,400		1,600,400
Profit and Loss account			4,733		(3,108)

SHAREHOLDERS' FUNDS			1,605,133		1,597,292

For the year ending 31 December 2014 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Mark Glatman

15/05/2015

Accounting Policies

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).

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Taxation

Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred tax is recognised in respect of timing differences that have originated but not reversed at thebalance sheet date. Timing differences are differences between the company's taxable profits and itsresults as stated in the financial statements. A net deferred tax asset is regarded as recoverable andtherefore recognised only to the extent that, on the basis of all available evidence, it can be regarded asmore likely than not that there will be suitable taxable profits from which the future reversal of theunderlying timing differences can be deducted.

Investments

	Unlisted
	£
Cost
As at 1 January 2014	100

As at 31 December 2014	100

Provision
As at 1 January 2014	-

As at 31 December 2014	-

Net Book Value
As at 31 December 2014	100

As at 1 January 2014	100

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	400	400	400


Preference shares	1.000	1600000	1,600,000	1,600,000



		1600400	1,600,400	1,600,400

Page 3

Abstract Healthcare Services Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 December 2014

Ultimate Controlling Party

During the year no party had overall control of the company.