Registered Number 05143261

ABLE PRINT LIMITED

Abbreviated Accounts

30 June 2016

ABLE PRINT LIMITED Registered Number 05143261

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 32,078 35,956
Tangible assets 3 70,763 72,401
102,841 108,357
Current assets
Stocks 1,592 2,389
Debtors 16,172 16,520
Cash at bank and in hand 324 21
18,088 18,930
Creditors: amounts falling due within one year (110,730) (104,402)
Net current assets (liabilities) (92,642) (85,472)
Total assets less current liabilities 10,199 22,885
Creditors: amounts falling due after more than one year (6,173) (20,138)
Total net assets (liabilities) 4,026 2,747
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,926 2,647
Shareholders' funds 4,026 2,747
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 March 2017

And signed on their behalf by:
KEITH ANDREW BUTCHER, Director

ABLE PRINT LIMITED Registered Number 05143261

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance

2Intangible fixed assets
£
Cost
At 1 July 2015 77,414
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 77,414
Amortisation
At 1 July 2015 41,458
Charge for the year 3,878
On disposals -
At 30 June 2016 45,336
Net book values
At 30 June 2016 32,078
At 30 June 2015 35,956
3Tangible fixed assets
£
Cost
At 1 July 2015 114,538
Additions 632
Disposals -
Revaluations -
Transfers -
At 30 June 2016 115,170
Depreciation
At 1 July 2015 42,137
Charge for the year 2,270
On disposals -
At 30 June 2016 44,407
Net book values
At 30 June 2016 70,763
At 30 June 2015 72,401