Able Maintenance Services Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		171		771

			171		771
CURRENT ASSETS
Debtors		13,924		11,361
Cash at bank and in hand		11,243		12,739

		25,167		24,100
Creditors: Amounts Falling Due Within One Year		(25,229 )		(11,832 )

NET CURRENT ASSETS (LIABILITIES)			(62 )		12,268

TOTAL ASSETS LESS CURRENT LIABILITIES			109		13,039

NET ASSETS			109		13,039

CAPITAL AND RESERVES
Called up share capital	3		4		4
Profit and Loss Account			105		13,035

SHAREHOLDERS' FUNDS			109		13,039

For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Steven Finn

16th December 2016

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance method
Office and Computer Equipment	25% Reducing balance method

1.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2. Tangible Assets


	Total
Cost	£
As at 1 April 2015	5,523
Additions	110
Disposals	(5,106 )

As at 31 March 2016	527

Depreciation
As at 1 April 2015	4,752
Provided during the period	64
Disposals	(4,460 )

As at 31 March 2016	356

Net Book Value
As at 31 March 2016	171

As at 1 April 2015	771

Page 1

Able Maintenance Services Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2016

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

Ordinary A shares	1.000	1	1	1

Ordinary B shares	1.000	1	1	1




		4	4	4

4. Transactions With and Loans to Directors

Mr Steven Finn maintains an interest free loan with the company which is repayable on demand. At the balance sheet date the amount owed to Mr Steven Finn was £9,649 (2015: £408).

Dividends paid to directors

	2016	2015
	£	£
Mr Steven Finn	20,250	12,750
Mrs Helen Finn	20,250	12,750