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Registration number: 06607016

Able Canopies (North) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

Accsys Accountants
Milwood House
36b Albion Place
Maidstone
Kent
ME14 5DZ

 

Able Canopies (North) Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Able Canopies (North) Limited
for the Year Ended 31 May 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Able Canopies (North) Limited for the year ended 31 May 2014 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Able Canopies (North) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Able Canopies (North) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Able Canopies (North) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Able Canopies (North) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Able Canopies (North) Limited. You consider that Able Canopies (North) 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 accounts of Able Canopies (North) 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 accounts.

......................................

Accsys Accountants
Milwood House
36b Albion Place
Maidstone
Kent
ME14 5DZ

11 February 2015

 

Able Canopies (North) Limited
(Registration number: 06607016)
Abbreviated Balance Sheet at 31 May 2014

   

Note

   

2014
£

   

2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

-

   

23,611

 

Current assets

 

             

Stocks

 

   

-

   

7,337

 

Debtors

 

   

-

   

41,717

 

Cash at bank and in hand

 

   

2,791

   

891

 
   

   

2,791

   

49,945

 

Creditors: Amounts falling due within one year

 

   

(2,106)

   

(44,338)

 

Net current assets

 

   

685

   

5,607

 

Total assets less current liabilities

 

   

685

   

29,218

 

Provisions for liabilities

 

   

-

   

(28,153)

 

Net assets

 

   

685

   

1,065

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

585

   

965

 

Shareholders' funds

 

   

685

   

1,065

 

For the year ending 31 May 2014 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 director acknowledges his 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 director on 11 February 2015

.........................................
Mr Mark Wood
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Able Canopies (North) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Deprecation is provided for at the following annual rates in order to write off each asset over its useful economic life.

Asset class

Depreciation method and rate

Plant & machinery

25% on reducing balance

Fixtures & fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Office equipment

33% on reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 June 2013

 

60,006

   

60,006

 

Disposals

 

(60,006)

   

(60,006)

 

At 31 May 2014

 

-

   

-

 

Depreciation

           

At 1 June 2013

 

36,395

   

36,395

 

Eliminated on disposals

 

(36,395)

   

(36,395)

 

At 31 May 2014

 

-

   

-

 

Net book value

           

At 31 May 2014

 

-

   

-

 

At 31 May 2013

 

23,611

   

23,611

 
 

Able Canopies (North) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100