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REGISTERED NUMBER: 06794106 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2016 to 31 March 2017

for

Abel Associates Ltd
Abel Associates Ltd (Registered number: 06794106)






Contents of the Financial Statements
for the Period 1 February 2016 to 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Abel Associates Ltd

Company Information
for the Period 1 February 2016 to 31 March 2017







DIRECTOR: A Belej





REGISTERED OFFICE: Building 3
North London Business Park
Oakleigh Road South
London
N11 1GN





REGISTERED NUMBER: 06794106 (England and Wales)





ACCOUNTANTS: ABEL Associates
Chartered Accountants
North London Business Park
Oakleigh Road South
London
N11 1GN
Page 1
Abel Associates Ltd (Registered number: 06794106)

Balance Sheet
31 March 2017

31.3.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,000
Tangible assets 5 - -
- 1,000

CURRENT ASSETS
Debtors 6 38,597 27,875
Cash at bank 1,708 2,463
40,305 30,338
CREDITORS
Amounts falling due within one year 7 10,153 19,153
NET CURRENT ASSETS 30,152 11,185
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,152
12,185

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,151 12,184
SHAREHOLDERS' FUNDS 30,152 12,185

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

The members have not required the company to obtain an audit of its financial statements for the period 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 30 December 2017 and were signed by:





A Belej - Director


The notes form part of these financial statements

Page 2
Abel Associates Ltd (Registered number: 06794106)

Notes to the Financial Statements
for the Period 1 February 2016 to 31 March 2017

1. STATUTORY INFORMATION

Abel Associates Ltd 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 invoiced value of fees, excluding value added tax. Revenues are recognised at the
point of invoice.

Goodwill
Goodwill, representing the cost of acquiring the business from the previous owner, is amortised over its
estimated useful economic life of 8 years, on a straight line basis.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 50% on cost
Computer equipment - 50% on cost

Taxation
Taxation for the period 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 period 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 period was 1 .

Page 3 continued...
Abel Associates Ltd (Registered number: 06794106)

Notes to the Financial Statements - continued
for the Period 1 February 2016 to 31 March 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2016
and 31 March 2017 8,000
AMORTISATION
At 1 February 2016 7,000
Amortisation for period 1,000
At 31 March 2017 8,000
NET BOOK VALUE
At 31 March 2017 -
At 31 January 2016 1,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2016
and 31 March 2017 185 275 460
DEPRECIATION
At 1 February 2016
and 31 March 2017 185 275 460
NET BOOK VALUE
At 31 March 2017 - - -
At 31 January 2016 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.1.16
£    £   
Trade debtors 25,700 20,700
Directors' current accounts 12,897 7,175
38,597 27,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.1.16
£    £   
Tax 10,153 19,153

Page 4 continued...
Abel Associates Ltd (Registered number: 06794106)

Notes to the Financial Statements - continued
for the Period 1 February 2016 to 31 March 2017

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2017 and the year
ended 31 January 2016:

31.3.17 31.1.16
£    £   
A Belej
Balance outstanding at start of period 7,175 22,147
Amounts advanced 12,897 7,175
Amounts repaid (7,175 ) (22,147 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 12,897 7,175

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

Mr A Belej controls the company through a 100% shareholding.

Page 5