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Draft
Able 2 Train Ltd
Registered Number:06012755
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2017
Able 2 Train Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
As at 31 March 2017
Able 2 Train Ltd
Statement of Financial Position
Registered Number :
06012755
£
£
2016
2017
Notes
Fixed assets
Intangible assets
-
2,000
2
Property, plant and equipment
24,115
29,517
3
24,115
31,517
Current assets
Inventories
400
400
Trade and other receivables
45,106
21,782
4
8,055
Cash and cash equivalents
7,021
29,203
53,561
Trade and other payables: amounts falling due within one
year
(49,062)
(30,973)
5
4,499
(1,770)
Net current liabilities
Total assets less current liabilities
22,345
36,016
Trade and other payables: amounts falling due after more
than one year
(15,196)
(11,714)
6
10,631
Net assets
20,820
Capital and reserves
Called up share capital
2
2
Retained earnings
10,629
20,818
10,631
20,820
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Christopher H Brownfield Director
These financial statements were approved and authorised for issue by the Board on 08 May 2017 and were signed by:
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4
Draft
For the year ended 31 March 2017
Able 2 Train Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 31 March 2017
Able 2 Train Ltd
Notes to the Financial Statements
Statutory Information
Able 2 Train Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
06012755.
Registered address:
17 Wedgewood Drive
Portskewett
Caldicot
NP26 5TL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
Draft
For the year ended 31 March 2017
Able 2 Train Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2016
30,000
At 31 March 2017
30,000
Amortisation
At 01 April 2016
28,000
2,000
Charge for year
At 31 March 2017
30,000
Net book value
At 31 March 2017
-
At 31 March 2016
2,000
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2016
56,922
9,648
18,760
28,514
2,638
1,368
-
1,270
Additions
At 31 March 2017
29,784
18,760
11,016
59,560
Provision for depreciation and impairment
At 01 April 2016
27,405
6,934
4,690
15,781
Charge for year
8,040
1,021
3,518
3,501
At 31 March 2017
35,445
7,955
8,208
19,282
At 31 March 2017
Net book value
10,502
10,552
3,061
24,115
At 31 March 2016
12,733
14,070
2,714
29,517
4. Trade and other receivables
2016
2017
£
£
Trade debtors
20,140
42,889
Other debtors
1,642
2,217
45,106
21,782
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Draft
For the year ended 31 March 2017
Able 2 Train Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
1,538
4,792
Trade creditors
2,598
6,329
Taxation and social security
21,363
29,935
Other creditors
5,474
8,006
30,973
49,062
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
11,714
15,196
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