REGISTERED NUMBER: 04800864 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2013

FOR

ABACUS CARS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

FIXED ASSETS

Intangible assets

2

-

7,000

Tangible assets

3

107,538

105,982

107,538

112,982

CURRENT ASSETS

Debtors

19,156

19,182

Cash at bank and in hand

93,612

103,271

112,768

122,453

CREDITORS

Amounts falling due within one year

157,456

203,369

NET CURRENT LIABILITIES

(44,688

)

(80,916

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,850

32,066

PROVISIONS FOR LIABILITIES

14,927

12,129

NET ASSETS

47,923

19,937

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

47,921

19,935

SHAREHOLDERS' FUNDS

47,923

19,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 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.

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 17 March 2014 and were signed on its behalf by:

Mr T F Hawkins - Director

Mr R F Hawkins - 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 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 2012

and 31 August 2013

70,000

AMORTISATION

At 1 September 2012

63,000

Amortisation for year

7,000

At 31 August 2013

70,000

NET BOOK VALUE

At 31 August 2013

-

At 31 August 2012

7,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

234,623

Additions

46,025

Disposals

(20,500

)

At 31 August 2013

260,148

DEPRECIATION

At 1 September 2012

128,641

Charge for year

36,137

Eliminated on disposal

(12,168

)

At 31 August 2013

152,610

NET BOOK VALUE

At 31 August 2013

107,538

At 31 August 2012

105,982

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.13

31.8.12

value:

£

£

2

Ordinary

£1

2

2