REGISTERED NUMBER: 03665932 (England and Wales)

Unaudited Financial Statements

for the year ended

28 February 2017

for

Able-To-Enable Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Gibson

REGISTERED OFFICE:

Crockey Hill

York

North Yorkshire

YO19 4SJ

REGISTERED NUMBER:

03665932 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Intangible assets

4

-

23,170

Tangible assets

5

18,479

15,703

18,479

38,873

CURRENT ASSETS

Stocks

68,434

60,326

Debtors

6

33,363

29,587

Cash at bank and in hand

17,454

25,730

119,251

115,643

CREDITORS

Amounts falling due within one year

7

86,954

91,690

NET CURRENT ASSETS

32,297

23,953

TOTAL ASSETS LESS CURRENT LIABILITIES

50,776

62,826

PROVISIONS FOR LIABILITIES

9

2,296

1,632

NET ASSETS

48,480

61,194

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

48,380

61,094

SHAREHOLDERS' FUNDS

48,480

61,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 24 November 2017 and were signed by:

L Gibson - Director

1.	STATUTORY INFORMATION

Able-To-Enable 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.

There were no material departures from that standard.

These financial statements for the year ended 28 February 2017 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1 March 2015.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year, and also have been consistently applied within the same

accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

During the year the director conducted an impairment review and the impairment loss has been debited to the

profit and loss account.

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

-

20% straight line

Fixtures and fittings

-

15% straight line

Motor vehicles

-

25% straight line

Stocks

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

moving items.

Financial instruments

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the income statement in other operating

expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 10 (2016 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

66,200

Impairments

(66,200

)

At 28 February 2017

-

AMORTISATION

At 1 March 2016

43,030

Impairments

(43,030

)

At 28 February 2017

-

NET BOOK VALUE

At 28 February 2017

-

At 29 February 2016

23,170

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2016

-

40,808

7,336

48,144

Additions

3,510

-

3,299

6,809

At 28 February 2017

3,510

40,808

10,635

54,953

DEPRECIATION

At 1 March 2016

-

29,092

3,349

32,441

Charge for year

176

2,438

1,419

4,033

At 28 February 2017

176

31,530

4,768

36,474

NET BOOK VALUE

At 28 February 2017

3,334

9,278

5,867

18,479

At 29 February 2016

-

11,716

3,987

15,703

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/17

29/2/16

£

£

Trade debtors

22,715

20,488

Other debtors

867

2,820

Directors' current accounts

-

239

VAT

5,708

2,282

Prepayments and accrued income

4,073

3,758

33,363

29,587

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/17

29/2/16

£

£

Bank loans and overdrafts

-

23,883

Trade creditors

51,208

28,820

Tax

4,782

15,190

Social security and other taxes

3,259

1,749

Other creditors

12,482

5,029

Directors' current accounts

63

-

Accruals and deferred income

15,160

17,019

86,954

91,690

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28/2/17

29/2/16

£

£

Within one year

47,981

45,575

Between one and five years

44,400

86,381

92,381

131,956

9.	PROVISIONS FOR LIABILITIES

28/2/17

29/2/16

£

£

Deferred tax

2,296

1,632

Deferred

tax

£

Balance at 1 March 2016

1,632

Provided during year

664

Balance at 28 February 2017

2,296

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/17

29/2/16

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

28/2/17

29/2/16

Personnel of the entity:

Amounts due to/(from) director

63

(239

)

No interest has been charged.

12.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 28 February 2017, and has restated the

comparative prior year amounts.

Changes for FRS 102 adoption:

Holiday pay accruals at the year end are now provided for. The value of these liabilities were £2,551 for the year

ended 28 February 2017, £1,894 for the year ended 29 February 2016 and £1,402 for the year ended 28 February

2015.