REGISTERED NUMBER: 04624506 (England and Wales)

Abacus Hire Limited

Unaudited Financial Statements for the Year Ended 31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D R M Cawson

SECRETARY:

Mrs L J Cawson

REGISTERED OFFICE:

10 Woodbridge Meadows

Guildford

Surrey

GU1 1BA

REGISTERED NUMBER:

04624506 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

CURRENT ASSETS

Debtors

4

58,568

58,568

TOTAL ASSETS LESS CURRENT LIABILITIES

58,568

58,568

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

58,468

58,468

SHAREHOLDERS' FUNDS

58,568

58,568

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 13 December 2017 and were signed by:

D R M Cawson - Director

1.	STATUTORY INFORMATION

Abacus Hire Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

22,354

AMORTISATION

At 1 April 2016

and 31 March 2017

22,354

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Due from parent company

58,568

58,568

5.	FIRST YEAR ADOPTION

Following the transition from old UK GAAP to FRS 102 there were no adjustments to the comparative period.