REGISTERED NUMBER: 00637901

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABLAIR & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K Green

Mrs B L Reynolds

SECRETARY:

Mrs K Green

REGISTERED OFFICE:

5 Broomwood Close

Bexley

Kent

DA5 2DG

REGISTERED NUMBER:

00637901

ACCOUNTANTS:

Andrew Cross & Co.

Chartered Accountants

Plaza Building

102 Lee High Road

Lewisham

London

SE13 5PT

FIXED ASSETS

Tangible assets

4

672,660

672,891

CURRENT ASSETS

Cash at bank

653,587

661,467

CREDITORS

Amounts falling due within one year

5

85,887

88,485

NET CURRENT ASSETS

567,700

572,982

TOTAL ASSETS LESS CURRENT LIABILITIES

1,240,360

1,245,873

CAPITAL AND RESERVES

Called up share capital

6

2,000

2,000

Retained earnings

7

1,238,360

1,243,873

SHAREHOLDERS' FUNDS

1,240,360

1,245,873

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 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 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 Board of Directors on 12 December 2017 and were signed on its behalf by:

Mrs K Green - Director

1.	STATUTORY INFORMATION

Ablair & Co Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Tangible fixed asset

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

estimated useful life:

Plant & machinery - 25% on written down value

Fixtures & fittings - 25% on written down value

Motor vehicles - 25% on written down value

Freehold property - No depreciation is provided on freehold properties as it is the company's policy to

maintain these assets in a continual state of sound repair. The useful economic lives of these assets

are thus so long and residual values so high that any depreciation would not be material. Residual

values are based on prices prevailing at the date of acquistion or subsequent valuation. Provision is

made in the profit and loss account for any permanent diminution in value.

The company has taken advantage of the transitional provisions of FRS 15 and not to revalue land

and properties of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

property

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

572,660

118,365

691,025

DEPRECIATION

At 1 April 2016

-

18,134

18,134

Charge for year

-

231

231

At 31 March 2017

-

18,365

18,365

NET BOOK VALUE

At 31 March 2017

572,660

100,000

672,660

At 31 March 2016

572,660

100,231

672,891

In the absence of a recent valuation the Freehold Property is estimated to be worth considerably more

than its original cost.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

3,550

Taxation and social security

13,594

9,741

Other creditors

72,293

75,194

85,887

88,485

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2,000

Ordinary

£1

2,000

2,000

7.

RESERVES

Retained

earnings

£

At 1 April 2016

1,243,873

Profit for the year

54,487

Dividends

(60,000

)

At 31 March 2017

1,238,360

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K Green.