REGISTERED NUMBER: 04093853 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abel Ventilation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs E T Abel

REGISTERED OFFICE:

64 Wilbury Way

Hitchin

Hertfordshire

SG4 0TP

REGISTERED NUMBER:

04093853 (England and Wales)

ACCOUNTANTS:

Chancellers LLP

64 Wilbury Way

Hitchin

Hertfordshire

SG4 0TP

FIXED ASSETS

-

Intangible assets

4

-

7,908

Tangible assets

5

5,026

7,908

5,026

CURRENT ASSETS

141,330

Debtors

6

319,487

223,392

Cash at bank

95,349

364,722

414,836

CREDITORS

73,851

Amounts falling due within one year

7

95,647

290,871

NET CURRENT ASSETS

319,189

298,779

TOTAL ASSETS LESS CURRENT LIABILITIES

324,215

1,582

PROVISIONS FOR LIABILITIES

1,006

297,197

NET ASSETS

323,209

CAPITAL AND RESERVES

75,850

Called up share capital

75,850

221,347

Retained earnings

247,359

297,197

SHAREHOLDERS' FUNDS

323,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 8 June 2017 and were signed by:

Mrs E T Abel - Director

1.	STATUTORY INFORMATION

Abel Ventilation Limited 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 value of goods and services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year 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 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 year 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.

Hire purchase and leasing commitments

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

Revenue recognition

The company's accounting policy in respect of revenue recognition follows the requirements of FRS 102 section 23.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

19,000

AMORTISATION

At 1 April 2016

and 31 March 2017

19,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

27,663

DEPRECIATION

At 1 April 2016

19,755

Charge for year

2,882

At 31 March 2017

22,637

NET BOOK VALUE

At 31 March 2017

5,026

At 31 March 2016

7,908

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

235,502

132,571

Other debtors

83,985

8,759

319,487

141,330

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

15,809

13,124

Taxation and social security

72,666

53,490

Other creditors

7,172

7,237

95,647

73,851

8.	RELATED PARTY DISCLOSURES