ABACUS SHUTTERS LTD,Ltd - AccountsLtd

For the year ended 31 May 2017

ABACUS SHUTTERS LTD

Directors' Report

The directors present their report and accounts for the year ended 31 May 2017.

Principal activities

The principal activity of the company continued to be that of

Directors

The directors who served the company throughout the year were as follows:

DEBBIE ATKINS

DAVID JOHN ATKINS

Signed on behalf of the board of directors

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Date:

31 July 2015

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For the year ended 31 May 2017

ABACUS SHUTTERS LTD

Independent Accountants' Report

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements

for the year ended 31 May 2017 and you consider that the company is exempt from an audit under the Companies Act

2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist

you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to

us.

Premier Accountancy

8 Haldane Close

Enfield Island Villlage

Enfield

Middlesex

EN3 6XN

Date:

03 August 2017

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As at 31 May 2017

ABACUS SHUTTERS LTD

Statement of Financial Position

Registered Number :

03780661

2016

2017

Notes

Fixed assets

Property, plant and equipment

470,996

477,725

470,996

477,725

Current assets

Inventories

495

677

Trade and other receivables

31,315

156,548

115,458

Cash and cash equivalents

234,761

391,986

147,268

Trade and other payables: amounts falling due within one

year

(18,917)

(47,748)

128,351

344,238

Net current assets

Total assets less current liabilities

815,234

606,076

815,234

Net assets

606,076

Capital and reserves

Called up share capital

Retained earnings

815,232

606,074

815,234

606,076

Shareholders' funds

For the year ended 31 May 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

DAVID JOHN ATKINS

These financial statements were approved and authorised for issue by the Board on 31 July 2015 and were signed by:

The notes form part of these financial statements

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For the year ended 31 May 2017

ABACUS SHUTTERS LTD

Notes to the Financial Statements

Statutory Information

ABACUS SHUTTERS LTD is a private limited company, limited by shares, domiciled in England and Wales,

registration number 03780661.

Registered address:

ABACUS HOUSE

RAVEN LODGE

LITTLE WARLEY HALL LANE

BRENTWOOD ESSEX

CM13 3EU

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20 Reducing balance

Motor vehicles

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 May 2017

ABACUS SHUTTERS LTD

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 June 2016

5,000

At 31 May 2017

5,000

Amortisation

At 01 June 2016

5,000

At 31 May 2017

5,000

Net book value

At 31 May 2017

At 31 May 2016

3. Property, plant and equipment

Total

Motor vehicles

Land and

buildings

Cost or

valuation

At 01 June 2016

512,381

52,944

459,437

47,044

46,420

624

Additions

At 31 May 2017

460,061

99,364

559,425

Provision for depreciation and impairment

At 01 June 2016

34,656

30,707

3,949

Charge for year

53,773

50,422

3,351

At 31 May 2017

88,429

81,129

7,300

At 31 May 2017

Net book value

452,761

18,235

470,996

At 31 May 2016

455,488

22,237

477,725

4. Trade and other receivables

2016

2017

Trade debtors

156,320

30,444

Other debtors

228

871

31,315

156,548

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