Abacus Fiscal Solutions Limited Company accounts
Abacus Fiscal Solutions Limited Company accounts
COMPANY REGISTRATION NUMBER:
03860427
|
|
|
|
Financial Statements |
Year ended 30 April 2018
Contents |
Pages |
Directors' report |
1 to 2 |
Independent auditor's report to the members |
3 to 5 |
Statement of income and retained earnings |
6 |
Statement of financial position |
7 |
Notes to the financial statements |
8 to 9 |
|
Directors' Report |
Year ended 30 April 2018
The directors present their report and the financial statements of the company for the year ended
30 April 2018
.
Directors
The directors who served the company during the year were as follows:
|
|
|
|
Directors' responsibilities statement
Each of the persons who is a director at the date of approval of this report confirms that:
-
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
14 January 2019
and signed on behalf of the board by:
|
Director |
Registered office: |
|
|
|
|
|
Independent Auditor's Report to the Members of
|
Year ended 30 April 2018
Opinion
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
-
the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
-
the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
|
(Senior Statutory Auditor) |
For and on behalf of |
|
Chartered accountant & statutory auditor |
26-28 Ely Place |
London |
EC1N 6AA |
|
Statement of Income and Retained Earnings |
Year ended 30 April 2018
2018 |
2017 |
|
Note |
£ |
£ |
Turnover |
– |
|
Cost of sales |
– |
(
|
---- |
------- |
|
Gross profit |
– |
|
Administrative expenses |
(
|
(
|
---- |
---- |
|
Operating (loss)/profit |
(
|
|
Other interest receivable and similar income |
4 |
– |
|
---- |
---- |
||
(Loss)/profit before taxation |
(
|
|
|
Tax on (loss)/profit |
– |
– |
---- |
---- |
|
(Loss)/profit for the financial year and total comprehensive income |
(
|
|
---- |
---- |
|
Retained earnings at the start of the year |
|
|
------- |
------- |
|
Retained earnings at the end of the year |
|
|
------- |
------- |
|
All the activities of the company are from continuing operations.
|
Statement of Financial Position |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
Current assets
Debtors |
5 |
|
|
|
Cash at bank and in hand |
|
|
||
------- |
------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
6 |
– |
(
|
|
------- |
------- |
|||
Net current assets |
|
|
||
------- |
------- |
|||
Total assets less current liabilities |
|
|
||
------- |
------- |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
------- |
------- |
||
Shareholders funds |
|
|
|
------- |
------- |
||
These financial statements were approved by the
board of directors
and authorised for issue on
14 January 2019
, and are signed on behalf of the board by:
|
Director |
Company registration number:
03860427
|
Notes to the Financial Statements |
Year ended 30 April 2018
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
Revenue recognition
Income tax
Financial instruments
4.
Other interest receivable and similar income
2018 |
2017 |
|
£ |
£ |
|
Interest on cash and cash equivalents |
– |
|
---- |
---- |
|
5.
Debtors
2018 |
2017 |
|
£ |
£ |
|
Other debtors |
|
|
---- |
------- |
|
6.
Creditors:
amounts falling due within one year
2018 |
2017 |
|
£ |
£ |
|
Other creditors |
– |
|
---- |
---- |
|
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 £ 279
(2017 £240). Amounts owed to Shipleys LLP were nil (2017 £28) as at 30 April 2018.
8.
Controlling party
The company was a wholly owned subsidiary of
Shipleys LLP
throughout the current and previous year.