Abacus Fiscal Solutions Limited Company Accounts
Abacus Fiscal Solutions Limited Company Accounts
COMPANY REGISTRATION NUMBER:
03860427
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Financial Statements |
Year ended 30 April 2017
Contents |
Pages |
Directors' report |
1 to 2 |
Independent auditor's report to the members |
3 to 4 |
Statement of income and retained earnings |
5 |
Statement of financial position |
6 |
Notes to the financial statements |
7 to 8 |
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Directors' Report |
Year ended 30 April 2017
The directors present their report and the financial statements of the company for the year ended
30 April 2017
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Directors
The directors who served the company during the year were as follows:
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Directors' responsibilities statement
Each of the persons who is a director at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report was approved by the board of directors on
25 January 2018
and signed on behalf of the board by:
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Director |
Registered office: |
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Independent Auditor's Report to the Members of
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Year ended 30 April 2017
We have audited the financial statements of
Abacus Fiscal Solutions Limited
for the year ended 30 April 2017 which comprise the statement of income and retained earnings, statement of financial position and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditor
Opinion on financial statements
Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Matters on which we are required to report by exception
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountant & statutory auditor |
26-28 Ely Place |
London |
EC1N 6AA |
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Statement of Income and Retained Earnings |
Year ended 30 April 2017
2017 |
2016 |
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Note |
£ |
£ |
Turnover |
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– |
Cost of sales |
(
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– |
------- |
---- |
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Gross profit |
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– |
Administrative expenses |
(
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(
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Operating profit/(loss) |
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(
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Other interest receivable and similar income |
4 |
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Profit/(loss) before taxation |
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(
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Tax on profit/(loss) |
– |
– |
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Profit/(loss) for the financial year and total comprehensive income |
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(
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Retained earnings at the start of the year |
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------- |
------- |
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Retained earnings at the end of the year |
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------- |
------- |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Current assets
Debtors |
5 |
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– |
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Cash at bank and in hand |
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------- |
------- |
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Creditors: amounts falling due within one year |
6 |
(
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(
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Net current assets |
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------- |
------- |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
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Members funds |
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These financial statements were approved by the
board of directors
and authorised for issue on
25 January 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
03860427
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Notes to the Financial Statements |
Year ended 30 April 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
Income tax
Financial instruments
4.
Other interest receivable and similar income
2017 |
2016 |
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£ |
£ |
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Interest on cash and cash equivalents |
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5.
Debtors
2017 |
2016 |
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£ |
£ |
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Other debtors |
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– |
------- |
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6.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Other creditors |
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7.
Related party transactions
The company was under the control of the directors on behalf of the principals of Shipleys LLP throughout the current and previous year. During the year Shipleys LLP paid expenses on behalf of the company of £240 (2016 £293). Amounts owed to Shipleys LLP were £28 (2016 £Nil) as at 30 April 2017.
8.
Controlling party
The company was a wholly owned subsidiary of
Shipleys LLP
throughout the current and previous year.
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2015.
No transitional adjustments were required in equity or profit or loss for the year.