REGISTERED NUMBER: 04681120 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abels Joiners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P B Abel

SECRETARY:

P Abel

REGISTERED OFFICE:

Unit 5

Mill House Lane

Sowerby Bridge

West Yorkshire

HX6 3LN

REGISTERED NUMBER:

04681120 (England and Wales)

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

4

29,461

9,367

CURRENT ASSETS

Stocks

500

500

Debtors

5

11,757

15,106

Cash at bank and in hand

-

5,328

12,257

20,934

CREDITORS

Amounts falling due within one year

6

24,105

30,202

NET CURRENT LIABILITIES

(11,848

)

(9,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,613

99

CREDITORS

Amounts falling due after more than one year

7

17,277

-

NET ASSETS

336

99

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

335

98

SHAREHOLDERS' FUNDS

336

99

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 August 2017 and were signed by:

P B Abel - Director

1.	STATUTORY INFORMATION

Abels Joiners Limited is a private company, limited by shares , registered in England and Wales. 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except

in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Tools & Equipment

-

15% on reducing balance

Motor Vehicles

-

25% on reducing balance

Computer Equipment

-

33% on cost

Stocks

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

items.

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 balance sheet date.

Deferred tax

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Tools &

Motor

Computer

Equipment

Vehicles

Equipment

Totals

£

£

£

£

COST

At 1 April 2016

23,548

12,218

607

36,373

Additions

247

21,152

283

21,682

At 31 March 2017

23,795

33,370

890

58,055

DEPRECIATION

At 1 April 2016

14,870

11,689

447

27,006

Charge for year

1,301

141

146

1,588

At 31 March 2017

16,171

11,830

593

28,594

NET BOOK VALUE

At 31 March 2017

7,624

21,540

297

29,461

At 31 March 2016

8,678

529

160

9,367

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Directors Loan Account

7,521

13,844

VAT

4,236

1,262

11,757

15,106

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

2,539

-

Hire purchase contracts

4,224

-

Trade Creditors

4,982

15,548

Tax

4,100

6,394

Social Security & Other Taxes

175

175

Accrued Expenses

8,085

8,085

24,105

30,202

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

17,277

-

8.	RELATED PARTY DISCLOSURES