Company Registration No. 14265183 (England and Wales)
ABACUS TRAINING SOLUTIONS LTD
Unaudited accounts
for the period from 30 July 2022 to 31 July 2023
ABACUS TRAINING SOLUTIONS LTD
Unaudited accounts
Contents
ABACUS TRAINING SOLUTIONS LTD
Company Information
for the period from 30 July 2022 to 31 July 2023
Company Number
14265183 (England and Wales)
Registered Office
FLAT 14 ROYAL OAK HOUSE
DOUST WAY
ROCHESTER
ME1 1FF
ENGLAND
ABACUS TRAINING SOLUTIONS LTD
Statement of financial position
as at 31 July 2023
Called up share capital not paid
1
Cash at bank and in hand
4,132
Creditors: amounts falling due within one year
(8,871)
Profit and loss account
1,577
For the period ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 April 2024 and were signed on its behalf by
Adam Read
Director
Company Registration No. 14265183
ABACUS TRAINING SOLUTIONS LTD
Notes to the Accounts
for the period from 30 July 2022 to 31 July 2023
ABACUS TRAINING SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 14265183. The registered office is FLAT 14 ROYAL OAK HOUSE, DOUST WAY, ROCHESTER, ME1 1FF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Computer equipment
ABACUS TRAINING SOLUTIONS LTD
Notes to the Accounts
for the period from 30 July 2022 to 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
105
Taxes and social security
7,301
Loans from directors
1,115
7
Average number of employees
During the period the average number of employees was 1.