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REGISTERED NUMBER: 02964896 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2017

for

Able Waterproofing Limited

Able Waterproofing Limited (Registered number: 02964896)






Contents of the Financial Statements
for the Year Ended 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Able Waterproofing Limited

Company Information
for the Year Ended 28 February 2017







DIRECTORS: J H Foster
S Foster
J Cheney





SECRETARY: J Foster





REGISTERED OFFICE: 3a Mitcham Road
Croydon
Surrey
CRO 3RU





REGISTERED NUMBER: 02964896 (England and Wales)





ACCOUNTANTS: Heslops Associates Limited
111 Milford Road
Lymington
Hampshire
SO41 8DN

Able Waterproofing Limited (Registered number: 02964896)

Balance Sheet
28 February 2017

28.2.17 29.2.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 334,469 351,643

CURRENT ASSETS
Stocks 337,778 286,264
Debtors 5 103,595 57,963
Cash at bank 48,680 -
490,053 344,227
CREDITORS
Amounts falling due within one year 6 735,465 577,470
NET CURRENT LIABILITIES (245,412 ) (233,243 )
TOTAL ASSETS LESS CURRENT LIABILITIES 89,057 118,400

CREDITORS
Amounts falling due after more than one year 7 21,502 49,500
NET ASSETS 67,555 68,900

CAPITAL AND RESERVES
Called up share capital 9 12,600 12,500
Retained earnings 54,955 56,400
SHAREHOLDERS' FUNDS 67,555 68,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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.

Able Waterproofing Limited (Registered number: 02964896)

Balance Sheet - continued
28 February 2017


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 Board of Directors on 19 July 2017 and were signed on its behalf by:




J H Foster - Director



S Foster - Director


Able Waterproofing Limited (Registered number: 02964896)

Notes to the Financial Statements
for the Year Ended 28 February 2017

1. STATUTORY INFORMATION

Able Waterproofing 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

Able Waterproofing Limited (Registered number: 02964896)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2016
and 28 February 2017 278,922 135,305 414,227
DEPRECIATION
At 1 March 2016 - 62,584 62,584
Charge for year - 17,174 17,174
At 28 February 2017 - 79,758 79,758
NET BOOK VALUE
At 28 February 2017 278,922 55,547 334,469
At 29 February 2016 278,922 72,721 351,643

Included in cost of land and buildings is freehold land of £ 278,922 (2016 - £ 278,922 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade debtors 103,595 57,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Bank loans and overdrafts - 3,254
Hire purchase contracts 50,446 65,627
Trade creditors 555,070 358,679
Taxation and social security 99,697 96,635
Other creditors 30,252 53,275
735,465 577,470

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.17 29.2.16
£    £   
Bank loans 21,502 49,500

Able Waterproofing Limited (Registered number: 02964896)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.17 29.2.16
£    £   
Bank loans 21,502 49,500

The Bank Overdraft is secured by a fixed and floating charge.


9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 28.2.17 29.2.16
value: £    £   
12,500 Ordinary 1 12,500 12,500
100 "C" Ordinary Shares 1 100 -
12,600 12,500

100 "C" Ordinary Shares shares of 1 each were allotted and fully paid for cash at par during the year.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Able Waterproofing Limited

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance
Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the
Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Able Waterproofing Limited for the year ended 28 February 2017 which comprise the Income Statement, Balance
Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Able Waterproofing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Able Waterproofing Limited and state those matters that we have agreed to state to the Board of Directors of Able Waterproofing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Able Waterproofing Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Able Waterproofing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Able Waterproofing Limited. You consider that Able Waterproofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Able Waterproofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Heslops Associates Limited
111 Milford Road
Lymington
Hampshire
SO41 8DN


19 July 2017