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REGISTERED NUMBER: 08691728 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 September 2017

for

ABACUS INVESTMENTS LTD

ABACUS INVESTMENTS LTD (REGISTERED NUMBER: 08691728)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABACUS INVESTMENTS LTD

Company Information
for the Year Ended 30 September 2017







DIRECTORS: Mr J C Chudleigh
Mrs N Chudleigh





REGISTERED OFFICE: 8 Grasmere Park
Whitstable
Kent
CT5 3PP





REGISTERED NUMBER: 08691728 (England and Wales)





ACCOUNTANTS: Michael Martin Partnership
18 Canterbury Road
Whitstable
Kent
CT5 4EY

ABACUS INVESTMENTS LTD (REGISTERED NUMBER: 08691728)

Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,934 27,711

CURRENT ASSETS
Stocks 809,884 828,842
Debtors 5 3,125 10,771
Cash at bank 455,554 43,086
1,268,563 882,699
CREDITORS
Amounts falling due within one year 6 910,410 800,650
NET CURRENT ASSETS 358,153 82,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,087

109,760

PROVISIONS FOR LIABILITIES 4,072 3,042
NET ASSETS 388,015 106,718

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 388,013 106,716
SHAREHOLDERS' FUNDS 388,015 106,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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.

ABACUS INVESTMENTS LTD (REGISTERED NUMBER: 08691728)

Balance Sheet - continued
30 September 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 June 2018 and were signed on its
behalf by:





Mr J C Chudleigh - Director


ABACUS INVESTMENTS LTD (REGISTERED NUMBER: 08691728)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Abacus Investments Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 10 years
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted
or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured using
tax rates and laws that have been enacted or substantively enacted by the year end and that are expected
to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ABACUS INVESTMENTS LTD (REGISTERED NUMBER: 08691728)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2016 12,500 8,466 1,706
Additions - 3,530 -
At 30 September 2017 12,500 11,996 1,706
DEPRECIATION
At 1 October 2016 - 847 563
Charge for year - 1,199 171
At 30 September 2017 - 2,046 734
NET BOOK VALUE
At 30 September 2017 12,500 9,950 972
At 30 September 2016 12,500 7,619 1,143

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2016 10,899 692 34,263
Additions 3,995 3,574 11,099
At 30 September 2017 14,894 4,266 45,362
DEPRECIATION
At 1 October 2016 4,769 373 6,552
Charge for year 2,532 974 4,876
At 30 September 2017 7,301 1,347 11,428
NET BOOK VALUE
At 30 September 2017 7,593 2,919 33,934
At 30 September 2016 6,130 319 27,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Other debtors 3,125 10,771

ABACUS INVESTMENTS LTD (REGISTERED NUMBER: 08691728)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade creditors 1,698 6,948
Taxation 78,996 14,964
Social security and other taxes 326 1,265
Directors' current accounts 828,316 776,238
Accrued expenses 1,074 1,235
910,410 800,650