Abacus Solutions Development Ltd Filleted Accounts Cover
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Company No. 06003555
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Abacus Solutions Development Ltd Directors Report Registrar
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The Director presents his report and the accounts for the year ended 31 December 2021.
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Principal activities
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that of applied technology services. |
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Director
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The Director who served at any time during the year was as follows:
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S. Butler
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Signed on behalf of the board
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S. Butler
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Director
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21 July 2022
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Abacus Solutions Development Ltd Balance Sheet Registrar
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at
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Company No.
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Notes
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2021
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2020
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£
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£
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Fixed assets
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Tangible assets
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4
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Current assets
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Debtors
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5
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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6
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(
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(
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Net current liabilities
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(
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Total assets less current liabilities
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Net liabilities
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(
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Capital and reserves
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Called up share capital
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Profit and loss account
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7
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(
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(
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Total equity
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(
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(
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 21 July 2022
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And signed on its behalf by:
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S. Butler
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Director
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21 July 2022
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Abacus Solutions Development Ltd Notes to the Accounts Registrar
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for the year ended 31 December 2021
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1
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General information
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Its registered number is: 06003555
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Its registered office is:
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2
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Accounting policies
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Plant and machinery
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Taxation
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Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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Trade and other debtors
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Trade and other creditors
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Foreign currencies
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3
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Employees
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2021
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2020
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Number
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Number
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The average monthly number of employees (including directors) during the year was:
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4
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Tangible fixed assets
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Plant and machinery
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Total
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£
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£
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Cost or revaluation
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At 1 January 2021
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Additions
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At 31 December 2021
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Depreciation
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At 1 January 2021
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Charge for the year
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At 31 December 2021
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Net book values
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At 31 December 2021
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At 31 December 2020
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5
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Debtors
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2021
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2020
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£
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£
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Amounts owed by group undertakings
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Other debtors
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6
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Creditors:
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amounts falling due within one year
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2021
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2020
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£
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£
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Bank loans and overdrafts
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Trade creditors
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Amounts owed to group undertakings
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Other taxes and social security
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7
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Reserves
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