1 August 2023 false No description of principal activity Taxfiler 2024.6 8623041business:PrivateLimitedCompanyLtd2023-08-012024-07-31 86230412023-07-31 86230412023-08-012024-07-31 8623041business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 8623041business:FilletedAccounts2023-08-012024-07-31 86230412024-07-31 8623041business:Director12023-08-012024-07-31 8623041business:RegisteredOffice2023-08-012024-07-31 86230412023-07-31 8623041core:WithinOneYear2024-07-31 8623041core:WithinOneYear2023-07-31 8623041core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 8623041core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 8623041core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 8623041core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 8623041core:PreviouslyStatedAmount2024-07-31 8623041core:PreviouslyStatedAmount2023-07-31 8623041business:SmallEntities2023-08-012024-07-31 8623041countries:EnglandWales2023-08-012024-07-31 8623041core:FurnitureFittings2023-08-012024-07-31 8623041core:ComputerEquipment2023-08-012024-07-31 8623041core:ComputerEquipment2023-07-31 8623041core:ComputerEquipment2024-07-31 8623041business:OrdinaryShareClass12023-08-012024-07-31 8623041business:OrdinaryShareClass12022-08-012023-07-31 86230412022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8623041 (England and Wales)
Abacus Financial Accountants Limited Unaudited accounts for the year ended 31 July 2024
Abacus Financial Accountants Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Abacus Financial Accountants Limited Company Information for the year ended 31 July 2024
Director
Fazila Siddique
Company Number
8623041 (England and Wales)
Registered Office
12 Douglas Road Goodmayes London IG3 8UX United Kingdom
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Abacus Financial Accountants Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
991 
1,523 
Current assets
Debtors
5
3,442 
5,542 
Cash at bank and in hand
5,037 
3,684 
8,479 
9,226 
Creditors: amounts falling due within one year
6
(9,533)
(7,572)
Net current (liabilities)/assets
(1,054)
1,654 
Net (liabilities)/assets
(63)
3,177 
Capital and reserves
Called up share capital
7
100 
100 
Profit and loss account
(163)
3,077 
Shareholders' funds
(63)
3,177 
For the year ending 31 July 2024 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 her 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 4 April 2025 and were signed on its behalf by
Fazila Siddique Director Company Registration No. 8623041
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Abacus Financial Accountants Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Abacus Financial Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 8623041. The registered office is 12 Douglas Road, Goodmayes, London, IG3 8UX, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
over 5 years
Computer equipment
over 3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
4,684 
At 31 July 2024
4,684 
Depreciation
At 1 August 2023
3,161 
Charge for the year
532 
At 31 July 2024
3,693 
Net book value
At 31 July 2024
991 
At 31 July 2023
1,523 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,442 
5,542 
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Abacus Financial Accountants Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
303 
234 
Loans from directors
9,230 
7,338 
9,533 
7,572 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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