REGISTERED NUMBER: 03393672 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Able Construction (Northern) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P Fowle

Mrs P Fowle

SECRETARY:

Mr P Fowle

REGISTERED OFFICE:

Park Works

Sunderland Road

Felling

Gateshead

Tyne & Wear

NE10 9LR

REGISTERED NUMBER:

03393672 (England and Wales)

ACCOUNTANTS:

TTR Barnes

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

BANKERS:

Lloyds TSB Bank plc

19 Market Place

Durham City

Co. Durham

DH1 3NL

FIXED ASSETS

Intangible assets

2

288

390

Tangible assets

3

78,146

85,487

Investment property

4

492,399

504,764

570,833

590,641

CURRENT ASSETS

Debtors

684,678

452,145

Investments

124,569

119,671

Cash at bank and in hand

390,949

586,636

1,200,196

1,158,452

CREDITORS

Amounts falling due within one year

5

373,740

390,477

NET CURRENT ASSETS

826,456

767,975

TOTAL ASSETS LESS CURRENT LIABILITIES

1,397,289

1,358,616

PROVISIONS FOR LIABILITIES

941

615

NET ASSETS

1,396,348

1,358,001

CAPITAL AND RESERVES

Called up share capital

6

2

2

Profit and loss account

1,396,346

1,357,999

SHAREHOLDERS' FUNDS

1,396,348

1,358,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 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 Board of Directors on 21 February 2017 and were signed on its behalf by:

Mr P Fowle - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will continue in

operational existence for the foreseeable future, which the directors consider to be appropriate.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net sales of goods and services, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its

estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is depreciated at 2% on cost, in line with expected market value.

Deferred tax

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

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it

can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the

timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

Amounts due under contracts

Amounts due under contracts are valued using the stage of completion method against the actual value of the contract

entered into. Consideration is taken into account of any potential bad debt or credit risk which may be attached to any

contracts in place.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

2,020

AMORTISATION

At 1 August 2015

1,630

Amortisation for year

102

At 31 July 2016

1,732

NET BOOK VALUE

At 31 July 2016

288

At 31 July 2015

390

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

239,451

Additions

18,463

At 31 July 2016

257,914

DEPRECIATION

At 1 August 2015

153,964

Charge for year

25,804

At 31 July 2016

179,768

NET BOOK VALUE

At 31 July 2016

78,146

At 31 July 2015

85,487

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 August 2015

and 31 July 2016

618,225

DEPRECIATION

At 1 August 2015

113,461

Charge for year

12,365

At 31 July 2016

125,826

NET BOOK VALUE

At 31 July 2016

492,399

At 31 July 2015

504,764

5.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 21,215 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

7.	ULTIMATE PARENT COMPANY

The company was a wholly owned subsidiary of Able Holdings (Northern) Limited, a company registered in the United

Kingdom. The company effectively remained under the control of its directors as they owned Able Holdings (Northern)

Limited. Able Holdings (Northern) Limited did not trade during the year.

8.	ULTIMATE CONTROLLING PARTY

The company was controlled by Mr and Mrs P Fowle throughout both years.