Abbreviated Company Accounts

05823247 ABL CARS LTD 2016-05-31 false 2015-06-01 2016-05-31 true 05823247 2015-06-01 2016-05-31 05823247 2016-05-31 05823247 2015-05-31 05823247 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 05823247 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 05823247

ABL CARS LTD

Abbreviated Accounts

31 May 2016

ABL CARS LTD Registered Number 05823247

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2	2
		2	2
Current assets
Stocks		28,664	23,005
		28,664	23,005
Creditors: amounts falling due within one year		(47,120)	(49,766)
Net current assets (liabilities)		(18,456)	(26,761)
Total assets less current liabilities		(18,454)	(26,759)
Accruals and deferred income		(912)	-
Total net assets (liabilities)		(19,366)	(26,759)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(19,466)	(26,859)
Shareholders' funds		(19,366)	(26,759)

For the year ending 31 May 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 24 February 2017

And signed on their behalf by:
A B LOKE, Director

ABL CARS LTD Registered Number 05823247

Notes to the Abbreviated Accounts for the period ended 31 May 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 amount receivable for services excluding value added tax

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets on a straight-line basis to write off their historical cost over their estimated useful lives of 4 years.

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 June 2015	605
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	605
Depreciation
At 1 June 2015	603
Charge for the year	-
On disposals	-
At 31 May 2016	603
Net book values
At 31 May 2016	2
At 31 May 2015	2

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100