Company Registration No. 05719712 (England and Wales)
Abacus Assurance Financial Services Limited
Unaudited accounts
for the year ended 31 May 2025
Abacus Assurance Financial Services Limited
Unaudited accounts
Contents
Abacus Assurance Financial Services Limited
Company Information
for the year ended 31 May 2025
Directors
Philip Vaughan
Caroline Vaughan
Company Number
05719712 (England and Wales)
Registered Office
7 HERBERT TERRACE
PENARTH
SOUTH GLAMORGAN
CF64 2AH
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Abacus Assurance Financial Services Limited
for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abacus Assurance Financial Services Limited for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
7 June 2025
Abacus Assurance Financial Services Limited
Statement of financial position
as at 31 May 2025
Tangible assets
65,139
65,139
Investments
334,231
427,955
Cash at bank and in hand
87,472
50,753
Creditors: amounts falling due within one year
(52,975)
(105,859)
Net current assets
368,728
372,849
Net assets
433,867
437,988
Called up share capital
9,942
9,942
Revaluation reserve
47,847
35,560
Profit and loss account
376,078
392,486
Shareholders' funds
433,867
437,988
For the year ending 31 May 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 7 June 2025 and were signed on its behalf by
Philip Vaughan
Director
Company Registration No. 05719712
Abacus Assurance Financial Services Limited
Notes to the Accounts
for the year ended 31 May 2025
Abacus Assurance Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05719712. The registered office is 7 HERBERT TERRACE, PENARTH, SOUTH GLAMORGAN, CF64 2AH.
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 remained unchanged from the previous year, and also 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investments in shares are included at fair value.
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:
4
Tangible fixed assets
Fixtures & fittings
5
Investments held as current assets
2025
2024
Unlisted investments
334,231
427,955
Abacus Assurance Financial Services Limited
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
49,795
90,317
Allotted, called up and fully paid:
9,942 Ordinary shares of £1 each
9,942
9,942
The company is a wholly owned subsidiary of Vaughan Holdings (Porthcawl) Ltd (number 13840324).
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).