REGISTERED NUMBER: 03475160

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 SEPTEMBER 2015 TO 30 AUGUST 2016

FOR

ABACUS COMPUTERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Sethi

SECRETARY:

REGISTERED OFFICE:

The Barn House

38 Meadow Way

Eastcote

Ruislip

Middlesex

HA4 8SY

REGISTERED NUMBER:

03475160

CURRENT ASSETS

Stocks

5,020

250

Debtors

14,503

25,995

Cash at bank

74

74

19,597

26,319

CREDITORS

Amounts falling due within one year

(75,488

)

(78,571

)

NET CURRENT LIABILITIES

(55,891

)

(52,252

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,891

)

(52,252

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(55,991

)

(52,352

)

SHAREHOLDERS' FUNDS

(55,891

)

(52,252

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 November 2017 and were signed by:

S Sethi - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements - going concern

The company is dependent on the support of its director Mr S Sethi, who was owed £64,076 (2015: £69,344) by

the company at the balance sheet date. There is no intention by the director to seek repayment of the balance

until the company is in a position to have sufficient funds and the director will continue to provide ongoing

support to the company for the foreseeable future. The going concern basis is therefore considered to be

appropriate.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

20% on cost

Office equipment

-

33% on cost

Stocks

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

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 30 August 2016

7,141

DEPRECIATION

At 1 September 2015

and 30 August 2016

7,141

NET BOOK VALUE

At 30 August 2016

-

At 31 August 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100