REGISTERED NUMBER: SC297580 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABACUS PLUMBING & HEATING (AYRSHIRE)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J W Gerrard

REGISTERED OFFICE:

7 Royal Crescent

Glasgow

Lanarkshire

G3 7SL

REGISTERED NUMBER:

SC297580 (Scotland)

ACCOUNTANTS:

K M Stewart & Company

7 Royal Crescent

Glasgow

G3 7SL

BANKERS:

The Royal Bank of Scotland

30 Sandgate

Ayr

Ayrshire

KA7 1BY

FIXED ASSETS

Tangible assets

4

3,139

3,986

CURRENT ASSETS

Prepayments and accrued income

-

13

Cash at bank

15,015

10,425

15,015

10,438

CREDITORS

Amounts falling due within one year

5

13,335

13,625

NET CURRENT ASSETS/(LIABILITIES)

1,680

(3,187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,819

799

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

4,719

699

SHAREHOLDERS' FUNDS

4,819

799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 December 2017 and were signed by:

J W Gerrard - Director

1.	STATUTORY INFORMATION

Abacus Plumbing & Heating (Ayrshire) Limited is a private company, limited by shares , registered in Scotland.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRSSE, the date of

transition to FRS 102 Section 1A is 1 April 2015.

The transition from preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1A) has

had no material impact on either the financial position or the financial performance as previously reported by the

company.

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.

Plant and machinery etc

-

25% on reducing balance and Straight line over 3 years

Debtors

Debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts

when there is objective evidence that the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of

maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors

Creditors are recognised where the company has a present obligation resulting from a past event and are

recognised at the settlement amount due after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

9,594

Additions

310

At 31 March 2017

9,904

DEPRECIATION

At 1 April 2016

5,608

Charge for year

1,157

At 31 March 2017

6,765

NET BOOK VALUE

At 31 March 2017

3,139

At 31 March 2016

3,986

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

4,486

2,346

Taxation and social security

2,561

1,954

Other creditors

6,288

9,325

13,335

13,625

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

1

100

100