Company Registration No. 06754730 (England and Wales)
ABACUS TRAINING GROUP LIMITED
Unaudited accounts
for the year ended 31 July 2018
ABACUS TRAINING GROUP LIMITED
Unaudited accounts
Contents
ABACUS TRAINING GROUP LIMITED
Company Information
for the year ended 31 July 2018
Company Number
06754730 (England and Wales)
Registered Office
1 FEATHERBANK COURT
FEATHERBANK LANE
LEEDS
LS18 4QF
ENGLAND
Accountants
Cloud Genie Ltd
The Tannery
Kirkstall Road
Leeds
LS3 1HS
ABACUS TRAINING GROUP LIMITED
Statement of financial position
as at 31 July 2018
Cash at bank and in hand
28,103
7,666
Creditors: amounts falling due within one year
(53,076)
(26,638)
Net current assets
2,404
21,433
Called up share capital
13,800
3,000
Profit and loss account
(11,396)
27,603
Shareholders' funds
2,404
30,603
For the year ending 31 July 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 April 2019.
John Fields
Director
Company Registration No. 06754730
ABACUS TRAINING GROUP LIMITED
Notes to the Accounts
for the year ended 31 July 2018
ABACUS TRAINING GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06754730. The registered office is 1 FEATHERBANK COURT, FEATHERBANK LANE, LEEDS, LS18 4QF, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2017
5,530
22,272
27,802
Disposals
(3,226)
(5,944)
(9,170)
At 31 July 2018
2,304
16,328
18,632
At 1 August 2017
2,304
16,328
18,632
At 31 July 2018
2,304
16,328
18,632
At 31 July 2017
3,226
5,944
9,170
ABACUS TRAINING GROUP LIMITED
Notes to the Accounts
for the year ended 31 July 2018
Accrued income and prepayments
22,594
39,880
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Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
596
-
Trade creditors
54,147
22,915
Amounts owed to group undertakings and other participating interests
-
5,323
Taxes and social security
(1,667)
-
Allotted, called up and fully paid:
13,800 Ordinary shares of £1 each
13,800
3,000
Shares issued during the period:
10,800 Ordinary shares of £1 each
10,800
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Average number of employees
During the year the average number of employees was 0 (2017: 11).
