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2014-07-31
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| Abacus ( Manchester ) Ltd |
For the year ended 31 July 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06975677
2
Abacus ( Manchester ) Ltd
For the year ended 31 July 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Abacus ( Manchester ) Ltd
Accountants' Report
For the year ended 31 July 2014
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 31 July 2014 and you consider that the company is exempt from an audit under the Companies Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
| to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Warburton and Co Ltd
806 Hyde Road
Gorton
Manchester
Lancs
M18 7JD
08 May 2015
1 of 4
4
| Abbreviated Balance Sheet |
Abacus ( Manchester ) Ltd
2014
2013
2
34,179
34,906
3
1,830
2,446
36,009
37,352
19,610
23,024
48,527
48,527
78,914
86,666
150,465
154,803
| Creditors: amounts falling due within one year |
(14,566)
(12,643)
140,237
137,822
Net current assets
| Total assets less current liabilities |
173,831
177,589
| Creditors: amounts falling due after more than one year |
(32,826)
(16,399)
157,432
Net assets
144,763
1
4
1
92,573
92,573
64,858
52,189
157,432
144,763
Shareholders funds
| For the year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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 in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 07 May 2015 |
| Christopher Hall Director |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Abacus ( Manchester ) Ltd
For the year ended 31 July 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 0 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Abacus ( Manchester ) Ltd
For the year ended 31 July 2014
| 2 Intangible fixed assets |
39,000
39,000
4,094
727
Charge for year
4,821
34,179
34,906
| Goodwill is being amortised evenly over it's estimated useful life of 50 years |
5,388
140
5,528
2,942
756
Charge for year
3,698
1,830
2,446
Fixtures and Fittings and computer depreciated at 15% of written down value
| Allotted called up and fully paid |
2014
2013
| 1 Class A shares of £1.00 each |
1
1
1
1
4 of 4
