Abacus Wealth Planning Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: 02061670

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Abacus Wealth Planning Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Pope

Mrs J M Moisey

SECRETARY:

Mrs J M Moisey

REGISTERED OFFICE:

Adelaide House

12 King Edward Road

Brentwood

Essex

CM14 4HL

REGISTERED NUMBER:

02061670

FIXED ASSETS

Tangible assets

2

21,721

19,335

CURRENT ASSETS

Debtors

30,541

36,182

Cash at bank and in hand

82,713

62,149

113,254

98,331

CREDITORS

Amounts falling due within one year

111,685

101,405

NET CURRENT ASSETS/(LIABILITIES)

1,569

(3,074

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,290

16,261

PROVISIONS FOR LIABILITIES

2,770

2,123

NET ASSETS

20,520

14,138

CAPITAL AND RESERVES

Called up share capital

3

3,000

Profit and loss account

17,520

11,138

SHAREHOLDERS' FUNDS

20,520

14,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 12 December 2016 and were signed on its behalf
by:

Mrs J M Moisey - 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 January 2015).

TURNOVER

Turnover represents the net commission receivable and work done.

TANGIBLE FIXED ASSETS

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

Short leasehold

-

Straight line over 15 years

Improvements to property

-

Straight line over 15 years

Fixtures and fittings

-

25% on reducing balance and 10% on reducing balance

Computer equipment

-

33% on reducing balance

The short leasehold depreciation is in respect of office premises at Adelaide House, 12 King Edward Road,

Brentwood.

DEFERRED TAX

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

sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

46,278

Additions

7,712

Disposals

(323

)

At 31 March 2016

53,667

DEPRECIATION

At 1 April 2015

26,943

Charge for year

5,262

Eliminated on disposal

(259

)

At 31 March 2016

31,946

NET BOOK VALUE

At 31 March 2016

21,721

At 31 March 2015

19,335

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

3,000

Ordinary

£1

3,000

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J M Moisey.