REGISTERED NUMBER: 03588338 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Able Fuels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A M Crawshaw

R S Pierce

SECRETARY:

S A Pierce

REGISTERED OFFICE:

Hillhouse Sidings

Alder Street

Fartown

Huddersfield

West Yorkshire

HD1 6LD

REGISTERED NUMBER:

03588338 (England and Wales)

CURRENT ASSETS

Stocks

73,812

52,766

Debtors

5

26,057

20,242

Cash at bank and in hand

10,597

47,868

110,466

120,876

CREDITORS

Amounts falling due within one year

6

87,470

97,298

NET CURRENT ASSETS

22,996

23,578

TOTAL ASSETS LESS CURRENT LIABILITIES

22,996

23,578

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

22,986

23,568

SHAREHOLDERS' FUNDS

22,996

23,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 January 2018 and were signed on its behalf by:

Ms A M Crawshaw - Director

1.	STATUTORY INFORMATION

Able Fuels 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

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 1998, is being amortised evenly over its estimated useful life of ten years.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

23,912

AMORTISATION

At 1 May 2016

and 30 April 2017

23,912

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,896

10,810

Other debtors

20,161

9,432

26,057

20,242

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

33,795

41,643

Taxation and social security

1,901

1,760

Other creditors

51,774

53,895

87,470

97,298

7.	ULTIMATE CONTROLLING PARTY

Ace Gas Limited is regarded by the directors as being the company's ultimate parent company.