Abakus 2 Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07259307 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

ABAKUS 2 LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Faryna

REGISTERED OFFICE:

28-29 The Broadway

Ealing

London

W5 2NP

REGISTERED NUMBER:

07259307 (England and Wales)

ACCOUNTANTS:

Capital Business Links Ltd

Chartered Accountants

28-29 The Broadway

Ealing

London

W5 2NP

FIXED ASSETS

Intangible assets

2

7,000

8,000

Tangible assets

3

-

-

7,000

8,000

CURRENT ASSETS

Stocks

13,525

14,679

Debtors

9,824

11,493

Cash at bank and in hand

105,057

18,220

128,406

44,392

CREDITORS

Amounts falling due within one year

30,149

19,861

NET CURRENT ASSETS

98,257

24,531

TOTAL ASSETS LESS CURRENT LIABILITIES

105,257

32,531

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

105,157

32,431

SHAREHOLDERS' FUNDS

105,257

32,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 February 2016 and were signed by:

R Faryna - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

10,000

AMORTISATION

At 1 June 2014

2,000

Amortisation for year

1,000

At 31 May 2015

3,000

NET BOOK VALUE

At 31 May 2015

7,000

At 31 May 2014

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

16,592

Additions

3,681

At 31 May 2015

20,273

DEPRECIATION

At 1 June 2014

16,592

Charge for year

3,681

At 31 May 2015

20,273

NET BOOK VALUE

At 31 May 2015

-

At 31 May 2014

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

ordinary

1

100

100