REGISTERED NUMBER: 03588338 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Able Fuels Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms A M Crawshaw

R S Pierce

SECRETARY:

S A Pierce

REGISTERED OFFICE:

Hillhouse Sidings

Alder Street

Fartown

Huddersfield

West Yorkshire

HD1 6LD

REGISTERED NUMBER:

03588338 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

-

12,831

-

12,831

CURRENT ASSETS

Stocks

52,766

95,316

Debtors

20,242

18,058

Cash at bank and in hand

47,868

20,343

120,876

133,717

CREDITORS

Amounts falling due within one year

97,298

74,473

NET CURRENT ASSETS

23,578

59,244

TOTAL ASSETS LESS CURRENT LIABILITIES

23,578

72,075

PROVISIONS FOR LIABILITIES

-

1,493

NET ASSETS

23,578

70,582

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

23,568

70,572

SHAREHOLDERS' FUNDS

23,578

70,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 January 2017 and were signed on its behalf by:

Ms A M Crawshaw - Director

1.	ACCOUNTING POLICIES

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost and 15% 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.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

23,912

AMORTISATION

At 1 May 2015

and 30 April 2016

23,912

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

86,510

Disposals

(86,510

)

At 30 April 2016

-

DEPRECIATION

At 1 May 2015

73,679

Eliminated on disposal

(73,679

)

At 30 April 2016

-

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

12,831

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

10

Ordinary

£1

10

10

5.	ULTIMATE PARENT COMPANY

Ace Gas Limited is regarded by the directors as being the company's ultimate parent company.