ABACUS COACHING LTD.

Company Registration Number:
SC214418 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

ABACUS COACHING LTD.

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

ABACUS COACHING LTD.

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,198 3,637
Total fixed assets: 3,198 3,637
Current assets
Debtors: 4 2,811 6,543
Cash at bank and in hand: 21,285 29,928
Total current assets: 24,096 36,471
Creditors: amounts falling due within one year: 5 (12,748) (18,966)
Net current assets (liabilities): 11,348 17,505
Total assets less current liabilities: 14,546 21,142
Creditors: amounts falling due after more than one year: 6 (8,479) (11,809)
Provision for liabilities: (625) (691)
Total net assets (liabilities): 5,442 8,642
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,342 8,542
Shareholders funds: 5,442 8,642

The notes form part of these financial statements

ABACUS COACHING LTD.

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 October 2023
and signed on behalf of the board by:

Name: Mr Bryan Leslie
Status: Director

The notes form part of these financial statements

ABACUS COACHING LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Thestage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staffrates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenueis recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Fixtures and fittings 20% on reducing balanceComputers 25% on reducing balance

ABACUS COACHING LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

ABACUS COACHING LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 7,548
Additions 598
At 31 January 2023 8,146
Depreciation
At 01 February 2022 3,911
Charge for year 1,037
At 31 January 2023 4,948
Net book value
At 31 January 2023 3,198
At 31 January 2022 3,637

ABACUS COACHING LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Debtors

Trade debtors £2,376 (2022: £6,471)Corporation tax recoverable £236 (2022: £NIL)Other debtors £199 (2022: £72)

ABACUS COACHING LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due within one year note

Bank loans £3,243 (2022: £3,243)Trade creditors (£2,980) (2022: £NIL)Corporation tax - £NIL (2022: £5,423)Other taxation and social security £1,858 (2022: £1,949)Other creditors £10,627 (2022: £8,351)

ABACUS COACHING LTD.

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due after more than one year note

Other creditors £8,479 (2022: £11,809)