REGISTERED NUMBER: 02704509 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

ABILITY HANDLING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R J Hardman

SECRETARY:

Aldbury Secretaries Limited

REGISTERED OFFICE:

Houghton Road

North Anston Trading Estate

Sheffield

South Yorkshire

S25 4JJ

REGISTERED NUMBER:

02704509 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Intangible assets

2

270,000

300,000

Tangible assets

3

874,792

526,773

1,144,792

826,773

CURRENT ASSETS

Stocks

53,655

44,984

Debtors

434,221

425,213

Cash at bank and in hand

112,652

180,651

600,528

650,848

CREDITORS

Amounts falling due within one year

4

543,602

358,429

NET CURRENT ASSETS

56,926

292,419

TOTAL ASSETS LESS CURRENT LIABILITIES

1,201,718

1,119,192

CREDITORS

Amounts falling due after more than one year

4

349,832

332,858

NET ASSETS

851,886

786,334

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

851,884

786,332

SHAREHOLDERS' FUNDS

851,886

786,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 April 2017 and were signed by:

R J Hardman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised

over its remaining estimated useful life.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

450,000

AMORTISATION

At 1 August 2015

150,000

Amortisation for year

30,000

At 31 July 2016

180,000

NET BOOK VALUE

At 31 July 2016

270,000

At 31 July 2015

300,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

1,366,662

Additions

596,088

Disposals

(223,810

)

At 31 July 2016

1,738,940

DEPRECIATION

At 1 August 2015

839,889

Charge for year

199,168

Eliminated on disposal

(174,909

)

At 31 July 2016

864,148

NET BOOK VALUE

At 31 July 2016

874,792

At 31 July 2015

526,773

4.

CREDITORS

Creditors include an amount of £ 133,930 (2015 - £ 53,672 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2