Registered number
06658411
Able ICT Limited
Abbreviated Accounts
31 July 2016
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
tel: 01256 830000
office@cranleys.co.uk
Able ICT Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Able ICT Limited for the year ended 31 July 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Able ICT Limited for the year ended 31 July 2016 which comprise of 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of Able ICT Limited, as a body, in accordance with the terms of our engagement letter dated 27 July 2008. Our work has been undertaken solely to prepare for your approval the accounts of Able ICT Limited and state those matters that we have agreed to state to the Board of Directors of Able ICT Limited, as a body, 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 Able ICT Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Able ICT Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Able ICT Limited. You consider that Able ICT 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 accounts of Able ICT 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 abbreviated accounts.
Cranleys
Chartered Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
25 April 2017
Able ICT Limited
Registered number: 06658411
Abbreviated Balance Sheet
as at 31 July 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 10,747 20,574
Current assets
Stocks 1,117 899
Debtors 17,683 25,192
Cash at bank and in hand 60,111 77,303
78,911 103,394
Creditors: amounts falling due within one year (28,491) (45,672)
Net current assets 50,420 57,722
Total assets less current liabilities 61,167 78,296
Creditors: amounts falling due after more than one year - (15,983)
Net assets 61,167 62,313
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 61,165 62,311
Shareholders' funds 61,167 62,313
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Dean Squires
Director
Approved by the board on 25 April 2017
Able ICT Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office equipment 25% reducing balance
Motor vehicles 25% reducing balance
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 August 2015 46,233
Additions 5,072
Disposals (20,249)
At 31 July 2016 31,056
Depreciation
At 1 August 2015 25,659
Charge for the year 3,509
On disposals (8,859)
At 31 July 2016 20,309
Net book value
At 31 July 2016 10,747
At 31 July 2015 20,574
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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