REGISTERED NUMBER: 04259696 (England and Wales)

ABACUS OF HENLEY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2012

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTOR:

Mr M A Kentish

REGISTERED OFFICE:

51-53 Hobs Moat Road

Solihull

West Midlands

B92 8JJ

REGISTERED NUMBER:

04259696 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

HSBC Bank Plc

882 Washwood Heath Road

Birmingham

West Midlands

B8 2NB

FIXED ASSETS

Intangible assets

2

36,300

37,950

Tangible assets

3

3,552

6,042

39,852

43,992

CURRENT ASSETS

Stocks

47,207

109,501

Debtors

20,152

39,247

Cash in hand

-

1,230

67,359

149,978

CREDITORS

Amounts falling due within one year

4

179,044

170,910

NET CURRENT LIABILITIES

(111,685

)

(20,932

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,833

)

23,060

CREDITORS

Amounts falling due after more than one year

4

13,204

20,271

NET (LIABILITIES)/ASSETS

(85,037

)

2,789

CAPITAL AND RESERVES

Called up share capital

5

102

102

Share premium

49,999

49,999

Profit and loss account

(135,138

)

(47,312

)

SHAREHOLDERS' FUNDS

(85,037

)

2,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2012 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18th December 2013 and were signed by:

Mr M A Kentish - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001 is being amortised

over its estimated useful life.

Goodwill, being the amount of £75,000 paid in connection with the acquisition of a business in 2005 - "Kitchen

and Bedroom World", has been written off evenly over its estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not

appropriate adjustments would have to be made to reduce the assets to recoverable amounts to provide for any

further liabilities that might arise and to re-classify fixed assets as current assets and long term liabilities as

current liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2012

and 31st December 2012

141,000

AMORTISATION

At 1st January 2012

103,050

Amortisation for year

1,650

At 31st December 2012

104,700

NET BOOK VALUE

At 31st December 2012

36,300

At 31st December 2011

37,950

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2012

52,996

Additions

300

Disposals

(12,008

)

At 31st December 2012

41,288

DEPRECIATION

At 1st January 2012

46,954

Charge for year

1,588

Eliminated on disposal

(10,806

)

At 31st December 2012

37,736

NET BOOK VALUE

At 31st December 2012

3,552

At 31st December 2011

6,042

4.

CREDITORS

Creditors include an amount of £ 32,190 (2011 - £ 69,147 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2012

2011

value:

£

£

101

Ordinary A

£1

101

101

1

Ordinary B

£1

1

1

102

102

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abacus Of Henley Limited for the year ended 31st December 2012 which comprise 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 practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Abacus Of Henley Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of Abacus Of Henley Limited

and state those matters that we have agreed to state to the director of Abacus Of Henley Limited in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Abacus Of Henley Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Abacus Of

Henley Limited. You consider that Abacus Of Henley Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Abacus Of Henley Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

18th December 2013