ABS_NETWORK_SOLUTIONS_LIM

ABS NETWORK SOLUTIONS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2013

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The directors present their report and unaudited financial statements for the year ended 31 December 2013. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 1 January 2013:

F A Todd on behalf of Capita Corporate Director Limited

P Hands

(Appointed 5 June 2013)

R J Shearer

(Appointed 4 June 2013)

W J S Floydd

(Resigned 17 June 2013)

On behalf of the board

F A Todd on behalf of Capita Corporate Director Limited

Director

29 August 2014

ABS NETWORK SOLUTIONS LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2013

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2013

2012

Notes

Turnover

6,585,923

Cost of sales

(5,613,945)

Gross (loss)/profit

971,978

Administrative expenses

(442,250)

Other operating income

9,661

Operating (loss)/profit

539,389

Other interest receivable and similar income

(Loss)/profit on ordinary activities before taxation

539,411

Tax on (loss)/profit on ordinary activities

(101,059)

(Loss)/profit for the year

438,352

The profit and loss account has been prepared on the basis that all operations are discontinued.

There are no recognised gains and losses other than those passing through the profit and loss account.

ABS NETWORK SOLUTIONS LIMITED

BALANCE SHEET

AS AT

31 DECEMBER 2013

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2013

2012

Notes

Current assets

Debtors

598,582

Total assets less current liabilities

598,582

Capital and reserves

Called up share capital

Profit and loss account

598,580

Shareholders' funds

598,582

Audit exemption statement

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 29 August 2014

F A Todd on behalf of Capita Corporate Director Limited

Director

Company Registration No. 03099389

ABS NETWORK SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

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Accounting policies

1.1

Accounting convention

Following the transfer of the business trade and assets, the company has ceased trading. For this reason, and as required by FRS 18.21, the directors have prepared the financial statements on the basis that the company is no
longer a going concern.

The company has not produced a cashflow statement on the basis that the ultimate parent undertaking, Capita plc, has prepared a group cashflow statement in accordance with FRS1 (revised).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable accounting standards, which have been applied consistently.The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Related party transactions

The company has taken advantage of the exemption under FRS 8: Related Party Disclosures not to disclose transactions entered into between two or more members of Capita plc, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

Operating (loss)/profit

2013

2012

Operating (loss)/profit is stated after charging:

Depreciation of tangible assets

31,948

Operating lease rentals

- Plant and machinery

21,840

- Other assets

79,325

and after crediting:

Profit on foreign exchange transactions

(9,661)

Audit fees are borne by the ultimate parent undertaking, Capita plc. The audit fee for the current period was £1,000 (2011: £1,000). The company has taken advantage of the exemption provided by regulation 6(2)(b) of The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008 not to provide information in respect of fees for other (non-audit) services as this information is required to be given in the group accounts of the ultimate parent undertaking, which it is required to prepare in accordance with the Companies Act 2006.

Investment income

2013

2012

Bank interest

ABS NETWORK SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

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Debtors

2013

2012

Amounts owed by group undertakings and undertakings in which the company has a participating interest

598,582

Pension and other post-retirement benefit commitments

Defined contribution

2013

2012

Contributions payable by the company for the year

53,088

Share capital

2013

2012

Allotted, called up and fully paid

2 ordinary of £1 each

Statement of movements on profit and loss account

Profit and loss
account

Balance at 1 January 2013

598,580

Balance at 31 December 2013

598,580

Control

The immediate parent company is Capita IT Services Limited, a company registered in England and Wales.

The ultimate parent company is Capita plc, a company incorporated in England & Wales. The financial statements of Capita plc are available from the registered office at 71 Victoria Street, London SW1H 0XA.