REGISTERED NUMBER: 01912449

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2013

FOR

ABACUS INTERNATIONAL SHIPPING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

M B G Earle

SECRETARY:

S Pick

REGISTERED OFFICE:

Ham Lane

Lenham

Maidstone

Kent

ME17 2LH

REGISTERED NUMBER:

01912449

ACCOUNTANTS:

Duncombe & Co

Chartered Accountants

Beech Hill

Glassenbury Road

Cranbrook

Kent

TN17 2QJ

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 three 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 International Shipping Limited for the year ended 30 September 2013 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 International Shipping Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abacus

International Shipping Limited and state those matters that we have agreed to state to the director of Abacus

International Shipping 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 International Shipping 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 profit of

Abacus International Shipping Limited. You consider that Abacus International Shipping 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 International

Shipping 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.

Duncombe & Co

Chartered Accountants

Beech Hill

Glassenbury Road

Cranbrook

Kent

TN17 2QJ

Date: 5 December 2013

FIXED ASSETS

Tangible assets

2

24,836

10,795

CURRENT ASSETS

Debtors

371,766

377,064

Cash at bank

248,109

240,434

619,875

617,498

CREDITORS

Amounts falling due within one year

254,957

195,705

NET CURRENT ASSETS

364,918

421,793

TOTAL ASSETS LESS CURRENT LIABILITIES

389,754

432,588

CAPITAL AND RESERVES

Called up share capital

3

3,250

4,350

Capital redemption reserve

2,357

1,257

Profit and loss account

384,147

426,981

SHAREHOLDERS' FUNDS

389,754

432,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2013 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 3 December 2013 and were signed by:

M B G Earle - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

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 etc

-

25% 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.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the same rate of exchange throughout the

financial year. Exchange differences are taken into account in arriving at the operating result. Assets and

liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date

only if, in the opinion of the director, those rates are materially different from the rates used for the year . In the

opinion of the director this policy is unlikely to give rise to any material misstatement in the company's financial

statements.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2012

53,329

Additions

22,683

Disposals

(38,972

)

At 30 September 2013

37,040

DEPRECIATION

At 1 October 2012

42,534

Charge for year

6,657

Eliminated on disposal

(36,987

)

At 30 September 2013

12,204

NET BOOK VALUE

At 30 September 2013

24,836

At 30 September 2012

10,795

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.13

30.9.12

value:

£

£

3,250

Ordinary

£1.00

3,250

4,350

(30.9.12 - 4,350 )

The company purchased and cancelled 1,100 ordinary shares during the year. The total cost including stamp

duty was £113,063.

4.	ULTIMATE CONTROLLING PARTY