REGISTERED NUMBER: 05101759 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Above Line Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

Miss C Noblett

SECRETARY:

Mrs A A Wardley

REGISTERED OFFICE:

Unit 4G Wistaston Road Business Centre

Wistaston Road

Crewe

Cheshire

CW2 7RP

REGISTERED NUMBER:

05101759 (England and Wales)

ACCOUNTANTS:

John Greenall & Co Limited

20 Crewe Road

Sandbach

Cheshire

CW11 4NE

FIXED ASSETS

Tangible assets

4

106,703

103,601

CURRENT ASSETS

Stocks

44,600

45,000

Debtors

5

263,216

174,695

Cash at bank and in hand

60,334

236,464

368,150

456,159

CREDITORS

Amounts falling due within one year

6

115,386

119,505

NET CURRENT ASSETS

252,764

336,654

TOTAL ASSETS LESS CURRENT LIABILITIES

359,467

440,255

CREDITORS

Amounts falling due after more than one year

7

(26,961

)

(9,119

)

PROVISIONS FOR LIABILITIES

(9,635

)

(12,002

)

NET ASSETS

322,871

419,134

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

322,869

419,132

SHAREHOLDERS' FUNDS

322,871

419,134

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 27 April 2018 and were signed by:

Miss C Noblett - Director

1.	STATUTORY INFORMATION

Above Line 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

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.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2016

100,340

128,801

229,141

Additions

-

36,293

36,293

Disposals

-

(26,375

)

(26,375

)

At 31 July 2017

100,340

138,719

239,059

DEPRECIATION

At 1 August 2016

50,166

75,374

125,540

Charge for year

5,017

15,223

20,240

Eliminated on disposal

-

(13,424

)

(13,424

)

At 31 July 2017

55,183

77,173

132,356

NET BOOK VALUE

At 31 July 2017

45,157

61,546

106,703

At 31 July 2016

50,174

53,427

103,601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

212,447

174,695

Other debtors

50,769

-

263,216

174,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Hire purchase contracts

11,304

19,689

Trade creditors

77,283

39,280

Taxation and social security

23,291

48,171

Other creditors

3,508

12,365

115,386

119,505

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Hire purchase contracts

26,961

9,119

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

John Greenall & Co Limited

20 Crewe Road

Sandbach

Cheshire

CW11 4NE

Date: .............................................