REGISTERED NUMBER: 03882707 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ABACUS PLANT & MATERIALS HANDLINGS LTD

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr C Ross

Miss C M Ross

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

03882707 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

77,669

79,066

CURRENT ASSETS

Stocks

6,500

11,500

Debtors

38,328

24,646

Cash at bank and in hand

5,136

236

49,964

36,382

CREDITORS

Amounts falling due within one year

89,641

85,224

NET CURRENT LIABILITIES

(39,677

)

(48,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,992

30,224

CREDITORS

Amounts falling due after more than one year

(3,748

)

(2,480

)

PROVISIONS FOR LIABILITIES

(14,757

)

(15,813

)

NET ASSETS

19,487

11,931

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,387

11,831

SHAREHOLDERS' FUNDS

19,487

11,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2017 and were signed on its behalf by:

Mr C Ross - Director

Miss C M Ross - Director

1.	STATUTORY INFORMATION

Abacus Plant & Materials Handlings Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fork lift trucks

-

15% on reducing balance

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

180,281

Additions

20,899

Disposals

(18,354

)

At 31 December 2016

182,826

DEPRECIATION

At 1 January 2016

101,215

Charge for year

10,129

Eliminated on disposal

(6,187

)

At 31 December 2016

105,157

NET BOOK VALUE

At 31 December 2016

77,669

At 31 December 2015

79,066

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2016

4,400

Additions

8,000

Disposals

(2,300

)

At 31 December 2016

10,100

DEPRECIATION

At 1 January 2016

331

Charge for year

291

Eliminated on disposal

(173

)

At 31 December 2016

449

NET BOOK VALUE

At 31 December 2016

9,651

At 31 December 2015

4,069

5.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/16

31/12/15

£

£

Hire purchase contracts

9,944

8,991

Hire purchase liabilities are secured by the assets to which they relate.