REGISTERED NUMBER: 06432820 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2012

for

Abel Skip Hire Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B W Pepper

Mrs M Pepper

SECRETARY:

Mrs M Pepper

REGISTERED OFFICE:

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

REGISTERED NUMBER:

06432820 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

FIXED ASSETS

Intangible assets

2

27,500

33,000

Tangible assets

3

205,144

214,187

232,644

247,187

CURRENT ASSETS

Debtors

46,748

56,625

Cash at bank and in hand

130,638

53,204

177,386

109,829

CREDITORS

Amounts falling due within one year

98,557

82,217

NET CURRENT ASSETS

78,829

27,612

TOTAL ASSETS LESS CURRENT LIABILITIES

311,473

274,799

CREDITORS

Amounts falling due after more than one year

(186,149

)

(187,006

)

PROVISIONS FOR LIABILITIES

(26,852

)

(28,088

)

NET ASSETS

98,472

59,705

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

98,372

59,605

SHAREHOLDERS' FUNDS

98,472

59,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 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 2 April 2013 and were signed on its behalf by:

B W Pepper - Director

Mrs M Pepper - 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 2007, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Skips

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 January 2012

and 31 December 2012

55,000

AMORTISATION

At 1 January 2012

22,000

Amortisation for year

5,500

At 31 December 2012

27,500

NET BOOK VALUE

At 31 December 2012

27,500

At 31 December 2011

33,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2012

307,043

Additions

77,450

Disposals

(51,175

)

At 31 December 2012

333,318

DEPRECIATION

At 1 January 2012

92,856

Charge for year

50,766

Eliminated on disposal

(15,448

)

At 31 December 2012

128,174

NET BOOK VALUE

At 31 December 2012

205,144

At 31 December 2011

214,187

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/12

31/12/11

value:

£

£

100

Ordinary

£1

100

100