ABACUS TRAINING GROUP LIMITED

ABACUS TRAINING GROUP LIMITED

ABACUS TRAINING GROUP LIMITED - Company Information

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Company Registration No. 06754730 (England and Wales)
ABACUS TRAINING GROUP LIMITED Abbreviated unaudited accounts for the year ended 30 November 2016
ABACUS TRAINING GROUP LIMITED Abbreviated Balance Sheet as at 30 November 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
13,763 
19,210 
Current assets
Debtors
15,423 
26,725 
Cash at bank and in hand
3,984 
112,374 
19,407 
139,099 
Creditors: amounts falling due within one year
(264,337)
(42,341)
Net current (liabilities)/assets
(244,930)
96,758 
Net (liabilities)/assets
(231,167)
115,968 
Capital and reserves
Called up share capital
3
3,000 
3,000 
Profit and loss account
(234,167)
112,968 
Total shareholders' funds
(231,167)
115,968 
For the year ending 30 November 2016 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 29 September 2017
John Fields Director Company Registration No. 06754730
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ABACUS TRAINING GROUP LIMITED Notes to the Abbreviated Accounts for the year ended 30 November 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
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
2
Tangible fixed assets
£ 
Cost
At 1 December 2015
26,517 
Additions
1,285 
At 30 November 2016
27,802 
Depreciation
At 1 December 2015
7,307 
Charge for the year
6,732 
At 30 November 2016
14,039 
Net book value
At 30 November 2016
13,763 
At 30 November 2015
19,210 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
3,000 Ordinary shares of £1 each
3,000 
3,000 
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