REGISTERED NUMBER: 03410824 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

ABLEWORTH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J F Farmer

Mr P Turner

SECRETARY:

Silvermace Secretarial Limited

REGISTERED OFFICE:

18 Canterbury Road

Whitstable

Kent

CT5 4EY

REGISTERED NUMBER:

03410824 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership Limited

Chartered Certified Accountants

18 Canterbury Road

Whitstable

Kent

CT5 4EY

FIXED ASSETS

Tangible assets

2

7,995

8,311

CURRENT ASSETS

Stocks

16,848

24,910

Debtors

6,152

6,667

Cash in hand

6,022

5,189

29,022

36,766

CREDITORS

Amounts falling due within one year

33,346

45,870

NET CURRENT LIABILITIES

(4,324

)

(9,104

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,671

(793

)

CREDITORS

Amounts falling due after more than one year

(20,261

)

-

PROVISIONS FOR LIABILITIES

-

(747

)

NET LIABILITIES

(16,590

)

(1,540

)

CAPITAL AND RESERVES

Called up share capital

3

115

115

Profit and loss account

(16,705

)

(1,655

)

SHAREHOLDERS' FUNDS

(16,590

)

(1,540

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 14 February 2014 and were signed on its behalf by:

Mr J F Farmer - Director

Mr P Turner - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

35,081

Additions

1,209

At 31 December 2013

36,290

DEPRECIATION

At 1 January 2013

26,770

Charge for year

1,525

At 31 December 2013

28,295

NET BOOK VALUE

At 31 December 2013

7,995

At 31 December 2012

8,311

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

105

Ordinary 'A' shares

£1

105

105

10

Ordinary 'B' shares

£1

10

10

115

115