REGISTERED NUMBER: 01937674 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ABLE GLASS (KENT) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M G Wilkinson

REGISTERED OFFICE:

Unit 1 Castle Road Business Precinct

Castle Road

Sittingbourne

Kent

ME10 3RP

REGISTERED NUMBER:

01937674 (England and Wales)

ACCOUNTANTS:

Williams Giles Limited

Chartered Accountants

12 Conqueror Court

Sittingbourne

Kent

ME10 5BH

FIXED ASSETS

Intangible assets

2

51,574

77,360

Tangible assets

3

21,137

24,685

72,711

102,045

CURRENT ASSETS

Stocks

95,000

72,222

Debtors

15,538

17,164

Cash in hand

1,358

2,608

111,896

91,994

CREDITORS

Amounts falling due within one year

192,235

191,367

NET CURRENT LIABILITIES

(80,339

)

(99,373

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,628

)

2,672

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(7,728

)

2,572

SHAREHOLDERS' FUNDS

(7,628

)

2,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 November 2016 and were signed by:

M G Wilkinson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The going concern basis was deemed

appropriate by the director following the continued support of the creditors.

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Revenue is recognised with reference to time so that the amount of revenue reflects the actual right to

consideration by reference to the period covered. Sales not billed are included in debtors, sales received in

excess of what has been billed are deferred to the future periods to which it relates and are included within

creditors.

Goodwill

Goodwill is not currently being amortised, the opinion of the director is that it has not been impaired and the

carrying value is considered to be fairly stated.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 18% on reducing balance and 10% 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.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

128,934

AMORTISATION

At 1 April 2015

51,574

Amortisation for year

25,786

At 31 March 2016

77,360

NET BOOK VALUE

At 31 March 2016

51,574

At 31 March 2015

77,360

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

67,981

Additions

1,200

Disposals

(333

)

At 31 March 2016

68,848

DEPRECIATION

At 1 April 2015

43,296

Charge for year

4,689

Eliminated on disposal

(274

)

At 31 March 2016

47,711

NET BOOK VALUE

At 31 March 2016

21,137

At 31 March 2015

24,685

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100