REGISTERED NUMBER: 07401174 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Able Motor Salvage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

S Shaddick

REGISTERED OFFICE:

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

BUSINESS ADDRESS:

108b First Avenue

Central Park

Petherton Road

Hengrove

Bristol

BS14 0QS

REGISTERED NUMBER:

07401174 (England and Wales)

ACCOUNTANTS:

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

3

-

149

CURRENT ASSETS

Stocks

-

4,510

Debtors

4

92

1,018

Cash at bank and in hand

3,007

2,381

3,099

7,909

CREDITORS

Amounts falling due within one year

5

3,970

8,777

NET CURRENT LIABILITIES

(871

)

(868

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(871

)

(719

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(971

)

(819

)

SHAREHOLDERS' FUNDS

(871

)

(719

)

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 his 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 14 October 2017 and were signed by:

S Shaddick - Director

1.	STATUTORY INFORMATION

Able Motor Salvage 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.

The accounts have been prepared on the going concern basis on the understanding that the director will

personally meet any liabilities of the company that the company is unable to meet from its own funds.

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

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

578

Disposals

(578

)

At 31 March 2017

-

DEPRECIATION

At 1 April 2016

429

Eliminated on disposal

(429

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

149

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

293

Other debtors

92

725

92

1,018

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

491

-

Other creditors

3,479

8,777

3,970

8,777

The following reproduces the text of the report prepared for the director 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 Director 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 Motor Salvage Limited for the year ended 31 March 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 director of Able Motor Salvage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Able Motor Salvage Limited and state those matters that we have agreed to state to the director of Able Motor Salvage Limited 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 Motor Salvage Limited director for our work or for this report.

It is your duty to ensure that Able Motor Salvage 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 loss of Able Motor Salvage Limited. You consider that Able Motor Salvage 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 Motor Salvage 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.

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

14 October 2017