REGISTERED NUMBER: 04961992

Abacus Associates Financial Services Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTOR:

M Harper

REGISTERED OFFICE:

104-106 Widemarsh Street

Hereford

Herefordshire

HR4 9HG

REGISTERED NUMBER:

04961992

ACCOUNTANTS:

Charlton Accountants Limited

71 Load St

Bewdley

Worcestershire

DY12 2AW

FIXED ASSETS

Intangible assets

2

352,000

413,000

Tangible assets

3

169,715

176,766

521,715

589,766

CURRENT ASSETS

Debtors

124,400

49,627

Investments

49,110

47,949

Cash at bank

1,232,102

815,589

1,405,612

913,165

CREDITORS

Amounts falling due within one year

337,848

255,799

NET CURRENT ASSETS

1,067,764

657,366

TOTAL ASSETS LESS CURRENT LIABILITIES

1,589,479

1,247,132

PROVISIONS FOR LIABILITIES

1,425

-

NET ASSETS

1,588,054

1,247,132

CAPITAL AND RESERVES

Called up share capital

4

2

2

Retained earnings

1,588,052

1,247,130

SHAREHOLDERS' FUNDS

1,588,054

1,247,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 11 March 2016 and were signed by:

M Harper - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) 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 businesses in 2006, 2007, 2011, 2012 and

2013 is being written off evenly over the estimated useful life of 10 years for each entity.

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 cost

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company makes contributions to the director's personal pension scheme and are charged to profit or loss in

the period to which they relate.

Turnover

Turnover is based on commissions earned.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

640,000

AMORTISATION

At 1 February 2015

227,000

Amortisation for year

61,000

At 31 January 2016

288,000

NET BOOK VALUE

At 31 January 2016

352,000

At 31 January 2015

413,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

258,004

Additions

5,705

At 31 January 2016

263,709

DEPRECIATION

At 1 February 2015

81,238

Charge for year

12,756

At 31 January 2016

93,994

NET BOOK VALUE

At 31 January 2016

169,715

At 31 January 2015

176,766

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

2

Ordinary

£1

2

2

5.	RELATED PARTY DISCLOSURES

The business premises are owned by the director's personal pension scheme and during the year £14600 in

annual rent was paid by Abacus Associates Financial Services Ltd to the scheme.

Mr M Harper is also a non controlling shareholder in a company called Abacus Associates Will Writing Services

Ltd, a company incorporated in England & Wales. This company was dormant throughout the financial year and

has not yet commenced trading.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abacus Associates Financial Services Ltd for the year ended 31 January 2016 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Abacus Associates Financial Services Ltd in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abacus

Associates Financial Services Ltd and state those matters that we have agreed to state to the director of Abacus

Associates Financial Services Ltd in this report in accordance with the requirements of the Association of Chartered

Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Abacus Associates Financial Services Ltd has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit

of Abacus Associates Financial Services Ltd. You consider that Abacus Associates Financial Services Ltd is exempt

from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abacus Associates Financial

Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Charlton Accountants Limited

71 Load St

Bewdley

Worcestershire

DY12 2AW

11 March 2016