REGISTERED NUMBER: 04449293 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

ABELSON INFO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

E Abelson

SECRETARY:

S Temple

REGISTERED OFFICE:

Barley Mow Centre

10 Barley Mow Passage

LONDON

London

W4 4PH

REGISTERED NUMBER:

04449293 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

FIXED ASSETS

Intangible assets

4

80,000

-

Tangible assets

5

7,718

5,230

87,718

5,230

CURRENT ASSETS

Debtors

6

179,820

115,252

Cash at bank

199,878

267,543

379,698

382,795

CREDITORS

Amounts falling due within one year

7

240,101

174,976

NET CURRENT ASSETS

139,597

207,819

TOTAL ASSETS LESS CURRENT LIABILITIES

227,315

213,049

PROVISIONS FOR LIABILITIES

1,368

-

NET ASSETS

225,947

213,049

CAPITAL AND RESERVES

Called up share capital

119

119

Share premium

9

2,864

2,864

Retained earnings

9

222,964

210,066

SHAREHOLDERS' FUNDS

225,947

213,049

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 15 June 2018 and were signed by:

E Abelson - Director

1.	STATUTORY INFORMATION

Abelson Info 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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.

Patents and licences have been fully amortised in the current year.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 year was 16 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

Additions

100,000

20,000

120,000

At 31 October 2017

100,000

20,000

120,000

AMORTISATION

Charge for year

20,000

20,000

40,000

At 31 October 2017

20,000

20,000

40,000

NET BOOK VALUE

At 31 October 2017

80,000

-

80,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

26,401

Additions

5,060

At 31 October 2017

31,461

DEPRECIATION

At 1 November 2016

21,171

Charge for year

2,572

At 31 October 2017

23,743

NET BOOK VALUE

At 31 October 2017

7,718

At 31 October 2016

5,230

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

136,472

73,035

Other debtors

43,348

42,217

179,820

115,252

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

15,696

18,749

Taxation and social security

92,320

88,598

Other creditors

132,085

67,629

240,101

174,976

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

45,849

22,365

Between one and five years

23,483

-

69,332

22,365

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 November 2016

210,066

2,864

212,930

Profit for the year

93,348

93,348

Dividends

(80,450

)

(80,450

)

At 31 October 2017

222,964

2,864

225,828

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2017 and 31 October 2016:

2017

2016

£

£

E Abelson

Balance outstanding at start of year

(228

)

1,509

Amounts advanced

113,051

127,263

Amounts repaid

(112,826

)

(129,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3

)

(228

)

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £80,450 were paid to the director .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is E Abelson.

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 Abelson Info Limited for the year ended 31 October 2017 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Abelson Info Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abelson Info Limited and state those matters that we have agreed to state to the director of Abelson Info Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abelson Info Limited and its director for our work or for this report.

It is your duty to ensure that Abelson Info Limited 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 Abelson Info Limited. You consider that Abelson Info Limited 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 Abelson Info Limited. 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.

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

15 June 2018