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COMPANY REGISTRATION NUMBER: 05627439

Abacus 196 Ltd

Filleted Unaudited Financial Statements

31 March 2026

Abacus 196 Ltd

Statement of Financial Position

31 March 2026

| 2026 | 2025
Note | £ | £ | £

Current assets

Debtors | 6 | 14,852 |  | 16,336
Cash at bank and in hand | 390 |  | 968
| -------- |  | --------
| 15,242 |  | 17,304

Creditors: amounts falling due within one year | 7 | 34,239 |  | 32,776
| -------- |  | --------
Net current liabilities |  | 18,997 | 15,472
|  | -------- | --------
Total assets less current liabilities |  | ( 18,997) | ( 15,472)
|  | -------- | --------
Net liabilities |  | ( 18,997) | ( 15,472)
|  | -------- | --------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | ( 18,998) | ( 15,473)
|  | -------- | --------
Shareholder deficit |  | ( 18,997) | ( 15,472)
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 August 2026 , and are signed on behalf of the board by:

Mr. N Edgar |
Director |

Company registration number: 05627439

Abacus 196 Ltd

Notes to the Financial Statements

Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Blue Sky Way, Monkton Business Park South, Hebburn, Tyne & Wear, NE31 2EQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 April 2025 and 31 March 2026 | 500
| ----
Amortisation |
At 1 April 2025 and 31 March 2026 | 500
| ----
Carrying amount |
At 31 March 2026 | –
| ----
At 31 March 2025 | –
| ----

6. Debtors

| 2026 | 2025
| £ | £
Trade debtors | – | 16,003
Other debtors | 14,852 | 333
| -------- | --------
| 14,852 | 16,336
| -------- | --------

7. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 2,270 | 959
Social security and other taxes | 1,356 | 4,872
Other creditors | 30,613 | 26,945
| -------- | --------
| 34,239 | 32,776
| -------- | --------

8. Director's advances, credits and guarantees
Transactions with Director During the year the Director made a loan to the company as follows: £ At start of period (26,945) Advanced ( 500) Repaid 0 At end of period (27,445)
9. Related party transactions
The company was under the control of Mr Edgar throughout the current year. Mr Edgar is the Managing Director and sole shareholder.