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REGISTERED NUMBER: 05147757 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

ABACUS FINANCIAL (MUDEFORD) LIMITED

ABACUS FINANCIAL (MUDEFORD) LIMITED (Registered number: 05147757)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABACUS FINANCIAL (MUDEFORD) LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P M Trudgeon
Mrs S J Trudgeon





SECRETARY: Mrs S J Trudgeon





REGISTERED OFFICE: 87 Burley Road
Bransgore
Christchurch
Dorset
BH23 8BA





REGISTERED NUMBER: 05147757 (England and Wales)





ACCOUNTANTS: Richard Baker & Co.
The Gatehouse
Wick Drive
New Milton
Hampshire
BH25 6SJ

ABACUS FINANCIAL (MUDEFORD) LIMITED (Registered number: 05147757)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,655
Tangible assets 5 6,011 7,098
6,011 9,753

CURRENT ASSETS
Cash at bank 239,394 247,338

CREDITORS
Amounts falling due within one year 6 71,077 96,955
NET CURRENT ASSETS 168,317 150,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,328

160,136

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 173,328 159,136
SHAREHOLDERS' FUNDS 174,328 160,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 19 February 2024 and were signed on its behalf by:



P M Trudgeon - Director


ABACUS FINANCIAL (MUDEFORD) LIMITED (Registered number: 05147757)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

ABACUS FINANCIAL (MUDEFORD) LIMITED 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2004 and 2008, is being amortised evenly over its estimated useful life of twenty and fifteen years respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Equipment at 15% reducing balance basis, Computer equipment 20% reducing balance basis.

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 FINANCIAL (MUDEFORD) LIMITED (Registered number: 05147757)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 43,000
AMORTISATION
At 1 July 2022 40,345
Charge for year 2,655
At 30 June 2023 43,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 2,655

5. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 13,075 4,159 17,234
DEPRECIATION
At 1 July 2022 6,423 3,713 10,136
Charge for year 998 89 1,087
At 30 June 2023 7,421 3,802 11,223
NET BOOK VALUE
At 30 June 2023 5,654 357 6,011
At 30 June 2022 6,652 446 7,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 23,080 26,214
Other creditors 47,997 70,741
71,077 96,955