Registered Number NI028021

ABACUS SIGMA LIMITED

Abbreviated Accounts

31 March 2016

ABACUS SIGMA LIMITED Registered Number NI028021

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Current assets
Debtors 97,012 52,143
Cash at bank and in hand 2,362 290
99,374 52,433
Creditors: amounts falling due within one year (21,521) (12,661)
Net current assets (liabilities) 77,853 39,772
Total assets less current liabilities 77,853 39,772
Total net assets (liabilities) 77,853 39,772
Capital and reserves
Called up share capital 2 150,000 150,000
Profit and loss account (72,147) (110,228)
Shareholders' funds 77,853 39,772
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2016

And signed on their behalf by:
Michael Heath, Director

ABACUS SIGMA LIMITED Registered Number NI028021

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with United Kingdom generally accepted accounting practice and statute comprising the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services rendered during the year.

Tangible assets depreciation policy
All tangible fixed assets are initially recorded at historic cost. Depreciation is provided on all tangible fixed assets, other than freehold land and investment properties, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset systematically over its expected useful life, as follows:
Office equipment 15% per annum straight line
Fixtures and fittings 10% per annum reducing balance

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
150,000 Ordinary shares of £1 each 150,000 150,000

3Transactions with directors

Name of director receiving advance or credit: Michael Heath
Description of the transaction: Director's loan
Balance at 1 April 2015: £ 33,715
Advances or credits made: £ 59,404
Advances or credits repaid: £ 15,510
Balance at 31 March 2016: £ 77,609
Name of director receiving advance or credit: Jennifer Way
Description of the transaction: Director's loan
Balance at 1 April 2015: £ 7,999
Advances or credits made: -
Advances or credits repaid: £ 7,999
Balance at 31 March 2016: £ 0