2015-08-01
true
false
Private Limited Company
06975677
2016-07-31
06975677
2015-08-01
2016-07-31
06975677
2015-07-31
06975677
2014-08-01
2015-07-31
06975677
uk-bus:Director1
2015-08-01
2016-07-31
iso4217:GBP
| Abacus ( Manchester ) Ltd |
For the year ended 31 July 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06975677
2
Abacus ( Manchester ) Ltd
For the year ended 31 July 2016
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 2016
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 31 July 2016 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
20 March 2017
1 of 4
4
| Abbreviated Balance Sheet |
Abacus ( Manchester ) Ltd
2016
2015
2
33,429
33,452
3
1,412
1,372
34,841
34,824
35,865
44,020
49,067
49,067
137,443
100,112
230,530
185,044
| Creditors: amounts falling due within one year |
(16,471)
(14,978)
168,573
215,552
Net current assets
| Total assets less current liabilities |
250,393
203,397
| Creditors: amounts falling due after more than one year |
(26,980)
(33,944)
216,449
Net assets
176,417
1
1
92,573
92,573
123,875
83,843
216,449
176,417
Shareholders funds
| For the year ended 31 July 2016 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: 15 March 2016 |
| 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 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| 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. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| 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 2016
| 2 Intangible fixed assets |
39,000
39,000
5,548
23
Charge for year
5,571
33,429
33,452
| Goodwill is being amortised evenly over it's estimated useful life of 50 years |
5,528
510
6,038
4,156
470
Charge for year
4,626
1,412
1,372
Fixtures and Fittings depreciated at 15% of written down value
4 of 4
