REGISTERED NUMBER: 02390688 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2013

for

Ability Hire Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J Beard

SECRETARY:

Mrs M Beard

REGISTERED OFFICE:

302 Nacton Road

Ipswich

Suffolk

IP3 9JH

REGISTERED NUMBER:

02390688 (England and Wales)

ACCOUNTANTS:

RDP Accountants

6 The Square

Martlesham Heath

Ipswich

Suffolk

IP5 3SL

FIXED ASSETS

Tangible assets

2

(2

)

12,604

CURRENT ASSETS

Stocks

700

1,800

Debtors

5,346

750

Cash at bank and in hand

-

101

6,046

2,651

CREDITORS

Amounts falling due within one year

88

4,235

NET CURRENT ASSETS/(LIABILITIES)

5,958

(1,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,956

11,020

PROVISIONS FOR LIABILITIES

-

863

NET ASSETS

5,956

10,157

CAPITAL AND RESERVES

Called up share capital

3

2,100

2,100

Profit and loss account

3,856

8,057

SHAREHOLDERS' FUNDS

5,956

10,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 May 2013 and were signed by:

Mr J Beard - 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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2012

57,065

Disposals

(57,066

)

At 31 March 2013

(1

)

DEPRECIATION

At 1 April 2012

44,461

Charge for year

2,001

Eliminated on disposal

(46,461

)

At 31 March 2013

1

NET BOOK VALUE

At 31 March 2013

(2

)

At 31 March 2012

12,604

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.13

31.3.12

value:

£

£

2,100

Ordinary Share Capital

£1

2,100

2,100

4.	TRANSACTIONS WITH DIRECTOR

The company operates from premises owned by the director.