| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2017 |
| for |
| Able Construction (Northern) Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2017 |
| for |
| Able Construction (Northern) Limited |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Contents of the Financial Statements |
| for the year ended 31 July 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Able Construction (Northern) Limited |
| Company Information |
| for the year ended 31 July 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 3-5 Grange Terrace |
| Stockton Road |
| Sunderland |
| Tyne & Wear |
| SR2 7DG |
| BANKERS: |
| 19 Market Place |
| Durham City |
| Co. Durham |
| DH1 3NL |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Statement of Financial Position |
| 31 July 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Statement of Financial Position - continued |
| 31 July 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Notes to the Financial Statements |
| for the year ended 31 July 2017 |
| 1. | STATUTORY INFORMATION |
| Able Construction (Northern) Limited is a |
| The company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis which assumes that the company will |
| continue in operational existence for the foreseeable future, which the directors consider to be appropriate. |
| Reconciliation with previous generally accepted accounting practice |
| These financial statements for the year ended 31 July 2017 are the first financial statements that comply with |
| FRS 102 Section 1a "Small Entities" - "The Financial Reporting Standard applicable in the UK and Republic of |
| Ireland". The date of transition is 1 August 2015. In preparing the financial statements, the directors have |
| considered whether in applying the accounting policies required by FRS102 Section 1a "Small Entities", the |
| restatement of comparative items was required. The transition to FRS102 Section 1a "Small Entities" has |
| resulted in a small number of changes in accounting policies to those previously used. There were no |
| transitional adjustments required.. |
| Turnover |
| Turnover represents net sales of goods and services, excluding value added tax, except in respect of service |
| contracts where turnover is recognised when the company obtains the right to consideration. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over |
| its estimated useful life of twenty years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| Investment property is depreciated at 2% on cost, in line with expected market value. |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
| instruments. Basic financial instruments are recognised as transaction value and subsequently measured at their |
| settlement value. |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 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 profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate. |
| Amounts due under contracts |
| Amounts due under contracts are valued using the stage of completion method against the actual value of the |
| contract entered into. Consideration is taken into account of any potential bad debt or credit risk which may be |
| attached to any contracts in place. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 August 2016 |
| and 31 July 2017 |
| AMORTISATION |
| At 1 August 2016 |
| Amortisation for year |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2016 |
| Disposals | ( |
) |
| At 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 | 125,826 |
| Charge for year | 10,546 |
| Eliminated on disposal | (30,906 | ) |
| At 31 July 2017 | 105,466 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Able (Northern) Limited |
| Amounts due under contracts |
| Prepayments |
| 8. | CURRENT ASSET INVESTMENTS |
| 2017 | 2016 |
| £ | £ |
| Listed investments |
| Other |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Tax |
| Social security and other taxes |
| Directors' current accounts |
| Accrued expenses |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company was controlled by Mr and Mrs P Fowle throughout both years. |
| Able Construction (Northern) Limited (Registered number: 03393672) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 11. | FIRST YEAR ADOPTION |
| Upon adoption of FRS102 section 1A there were no adjustments required. |
| Transitional relief |
| Upon adoption of FRS102 section 1A the company did not take advantage of any transitional relief. |