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Registration number: 01348655

Able Scaffolding Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Moffatt & Co
Chartered Accountants
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

 

Able Scaffolding Limited
(Registration number: 01348655)
Abbreviated Balance Sheet at 31 July 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

30,014

   

30,778

 

Current assets

 

             

Debtors

 

   

80,854

   

114,757

 

Cash at bank and in hand

 

   

87,127

   

78,068

 
   

   

167,981

   

192,825

 

Creditors: Amounts falling due within one year

 

   

(81,797)

   

(106,793)

 

Net current assets

 

   

86,184

   

86,032

 

Total assets less current liabilities

 

   

116,198

   

116,810

 

Provisions for liabilities

 

   

(5,239)

   

(5,224)

 

Net assets

 

   

110,959

   

111,586

 

Capital and reserves

 

             

Called up share capital

 

3

   

300

   

300

 

Profit and loss account

 

   

110,659

   

111,286

 

Shareholders' funds

 

   

110,959

   

111,586

 

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 November 2016 and signed on its behalf by:

.........................................
Mr Colin Hudson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Able Scaffolding Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance method

Fixtures and fittings

15% reducing balance method

Motor vehicles

25% reducing balance method

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Able Scaffolding Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

At 1 August 2015

 

303,089

   

303,089

 

Additions

 

18,354

   

18,354

 

At 31 July 2016

 

321,443

   

321,443

 

Depreciation

 

   

 

At 1 August 2015

 

272,311

   

272,311

 

Charge for the year

 

19,118

   

19,118

 

At 31 July 2016

 

291,429

   

291,429

 

Net book value

 

   

 

At 31 July 2016

 

30,014

   

30,014

 

At 31 July 2015

 

30,778

   

30,778

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

300

   

300

   

300

   

300