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Registration number: 06365984

Ableman & Ableman Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Ableman & Ableman Limited
Accountants & Tax Consultants
Thakrar House
113 Woolwich High Street
Woolwich
London
SE18 6DN

 

Ableman & Ableman Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Ableman & Ableman Limited
(Registration number: 06365984)
Abbreviated Balance Sheet at 30 September 2016

   

Note

    

2016
£

    

2015
£

  

Fixed assets

  

             

Tangible fixed assets

  

   

808

   

254

 

Current assets

  

             

Debtors

  

   

5,533

   

6,513

 

Cash at bank and in hand

  

   

2,062

   

84

 
   

   

7,595

   

6,597

 

Creditors: Amounts falling due within one year

  

   

(32,741)

   

(36,183)

 

Net current liabilities

  

   

(25,146)

   

(29,586)

 

Net liabilities

  

   

(24,338)

   

(29,332)

 

Capital and reserves

  

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

  

   

(24,339)

   

(29,333)

 

Shareholders' deficit

  

   

(24,338)

   

(29,332)

 

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 26 June 2017

.........................................
Miss Roshni Thakrar
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Ableman & Ableman Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows: 4 Years

Asset class

Amortisation method and rate

Goodwill

25% Striaght line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fitting

25% Reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

 

Ableman & Ableman Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2

Fixed assets

   

Intangible assets
£

    

Tangible assets
£

    

Total
£

  

Cost

                  

At 1 October 2015

  

7,776

    

1,063

    

8,839

  

Additions

  

-

    

1,078

    

1,078

  

Disposals

  

-

    

(1,063)

   

(1,063)

 

At 30 September 2016

  

7,776

    

1,078

    

8,854

  

Depreciation

                  

At 1 October 2015

  

7,776

    

809

    

8,585

  

Charge for the year

  

-

    

270

    

270

  

Eliminated on disposals

  

-

    

(809)

   

(809)

 

At 30 September 2016

  

7,776

    

270

    

8,046

  

Net book value

                  

At 30 September 2016

  

-

    

808

   

808

 

At 30 September 2015

  

-

    

254

   

254

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary Share of £1 each

 

1

   

1

   

1

   

1

 
                         

Page 3