REGISTERED NUMBER: 06830342 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABILITY TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B M Hawkins

REGISTERED OFFICE:

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

REGISTERED NUMBER:

06830342 (England and Wales)

ACCOUNTANTS:

Carter & Coley

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

4

50,209

41,461

CURRENT ASSETS

Stocks

300

300

Debtors

5

61,477

42,192

Cash at bank and in hand

82,955

20,079

144,732

62,571

CREDITORS

Amounts falling due within one year

6

45,894

22,179

NET CURRENT ASSETS

98,838

40,392

TOTAL ASSETS LESS CURRENT LIABILITIES

149,047

81,853

PROVISIONS FOR LIABILITIES

8,172

6,012

NET ASSETS

140,875

75,841

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

139,875

74,841

SHAREHOLDERS' FUNDS

140,875

75,841

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20 December 2017 and were signed by:

B M Hawkins - Director

1.	STATUTORY INFORMATION

Ability Transport 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.

Turnover

The turnover shown in the profit and loss account represents amounts earned during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery inc vehicles

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Hire purchase and leasing commitments

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

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	TANGIBLE FIXED ASSETS

Plant &

machinery

inc

vehicles

£

COST

At 1 April 2016

102,314

Additions

25,484

At 31 March 2017

127,798

DEPRECIATION

At 1 April 2016

60,853

Charge for year

16,736

At 31 March 2017

77,589

NET BOOK VALUE

At 31 March 2017

50,209

At 31 March 2016

41,461

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

58,588

32,321

Other debtors

2,150

2,150

Corporation tax

397

397

Prepayments

342

7,324

61,477

42,192

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

43,011

19,213

Social security and other taxes

-

319

Directors' current accounts

745

591

Accrued expenses

2,138

2,056

45,894

22,179

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the director of £745 (2016 £591)

which are included in creditors falling due within one year. This balance is interest free and repayable

on demand.

8.	FIRST YEAR ADOPTION

No adjustments were required on the transition from FRSSE 2015 to FRS 102 Section 1A.