Abacus Securities Ltd - Accounts to registrar

REGISTERED NUMBER: 04568201 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2015 to 30 April 2017

for

Abacus Securities Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

S Baker

T W A Spelman

SECRETARY:

Ms M Bennett

REGISTERED OFFICE:

Unit 5 Sinclair Way

Prescot Business Park

Knowsley

Merseyside

L34 1QL

REGISTERED NUMBER:

04568201 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Chartered Certified Accountants

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Tangible assets

4

52,094

51,742

CURRENT ASSETS

Stocks

5,350

5,200

Debtors

162,329

162,134

Cash at bank and in hand

280,344

304,721

448,023

472,055

CREDITORS

Amounts falling due within one year

352,655

326,785

NET CURRENT ASSETS

95,368

145,270

TOTAL ASSETS LESS CURRENT
LIABILITIES

147,462

197,012

CREDITORS

Amounts falling due after more than one
year

(19,872

)

(35,551

)

PROVISIONS FOR LIABILITIES

(3,707

)

(2,600

)

NET ASSETS

123,883

158,861

CAPITAL AND RESERVES

Called up share capital

5

2

Retained earnings

123,881

158,859

SHAREHOLDERS' FUNDS

123,883

158,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 30 August 2017 and were signed on its behalf
by:

S Baker - Director

T W A Spelman - Director

1.	STATUTORY INFORMATION

Abacus Securities Ltd 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.

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.

Turnover

The turnover shown in the profit and loss account represents goods sold and services delivered on a cash and

credit basis during the period exclusive of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2015

112,896

Additions

16,298

At 30 April 2017

129,194

DEPRECIATION

At 1 December 2015

61,154

Charge for period

15,946

At 30 April 2017

77,100

NET BOOK VALUE

At 30 April 2017

52,094

At 30 November 2015

51,742

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 December 2015

100,176

Additions

13,783

Transfer to ownership

(4,795

)

At 30 April 2017

109,164

DEPRECIATION

At 1 December 2015

49,289

Charge for period

14,765

Transfer to ownership

(2,772

)

At 30 April 2017

61,282

NET BOOK VALUE

At 30 April 2017

47,882

At 30 November 2015

50,887

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.11.15

value:

£

2

Ordinary

£1

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2017 and the year

ended 30 November 2015:

30.4.17

30.11.15

£

T W A Spelman and S Baker

Balance outstanding at start of period

(363

)

(296

)

Amounts advanced

196,881

109,933

Amounts repaid

(188,000

)

(110,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

8,518

(363

)

The loans were unsecured, interest free and repayable on demand.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company

is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

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 Securities Ltd for the period ended 30 April 2017 which comprise the Abridged Income

Statement, Abridged 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://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Abacus Securities Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abacus Securities Ltd and state those matters that we have agreed to state to the Board of Directors of Abacus Securities Ltd, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abacus Securities 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 Securities Ltd. You consider that Abacus Securities Ltd is exempt from the statutory audit requirement for the period.

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

Douglas Fairless Partnership

Chartered Certified Accountants

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

Date: .............................................