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REGISTERED NUMBER: 04800864 (England and Wales)
















Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

ABACUS CARS LIMITED

ABACUS CARS LIMITED (REGISTERED NUMBER: 04800864)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ABACUS CARS LIMITED

Company Information
for the Year Ended 31 August 2015







DIRECTORS: R F Hawkins
Mr T F Hawkins





REGISTERED OFFICE: 59 Sherwood Drive
Whitstable
Kent
CT5 4PH





REGISTERED NUMBER: 04800864 (England and Wales)





ACCOUNTANTS: Michael Martin Partnership Limited
Chartered Certified Accountants
18 Canterbury Road
Whitstable
Kent
CT5 4EY

ABACUS CARS LIMITED (REGISTERED NUMBER: 04800864)

Abbreviated Balance Sheet
31 August 2015

31.8.15 31.8.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 131,286 131,259
131,286 131,259

CURRENT ASSETS
Debtors 30,705 21,649
Cash at bank and in hand 166,589 109,986
197,294 131,635
CREDITORS
Amounts falling due within one year 232,743 178,614
NET CURRENT LIABILITIES (35,449 ) (46,979 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,837

84,280

PROVISIONS FOR LIABILITIES 23,443 21,403
NET ASSETS 72,394 62,877

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 72,392 62,875
SHAREHOLDERS' FUNDS 72,394 62,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ABACUS CARS LIMITED (REGISTERED NUMBER: 04800864)

Abbreviated Balance Sheet - continued
31 August 2015


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 Board of Directors on 7 March 2016 and were signed on its behalf by:




Mr T F Hawkins - Director



Mr R F Hawkins - Director


ABACUS CARS LIMITED (REGISTERED NUMBER: 04800864)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 2015

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 2003, is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014
and 31 August 2015 70,000
AMORTISATION
At 1 September 2014
and 31 August 2015 70,000
NET BOOK VALUE

At 31 August 2015 -
At 31 August 2014 -

ABACUS CARS LIMITED (REGISTERED NUMBER: 04800864)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 August 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014 293,767
Additions 56,728
Disposals (55,359 )
At 31 August 2015 295,136
DEPRECIATION
At 1 September 2014 162,508
Charge for year 44,285
Eliminated on disposal (42,943 )
At 31 August 2015 163,850
NET BOOK VALUE
At 31 August 2015 131,286
At 31 August 2014 131,259

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.15 31.8.14
value: £    £   
2 Ordinary £1 2 2