REGISTERED NUMBER: 06878341 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ABEL CONTROLS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M R Abela

REGISTERED OFFICE:

C6 Laser Quay

Medway City Estate

Culpepper Close

Rochester

Kent

ME2 4HU

REGISTERED NUMBER:

06878341 (England and Wales)

FIXED ASSETS

Intangible assets

2

2,660

3,192

Tangible assets

3

18,017

17,670

20,677

20,862

CURRENT ASSETS

Stocks

-

11,028

Debtors

145,689

221,887

Cash at bank

3

3

145,692

232,918

CREDITORS

Amounts falling due within one year

120,986

245,354

NET CURRENT ASSETS/(LIABILITIES)

24,706

(12,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,383

8,426

PROVISIONS FOR LIABILITIES

3,403

3,153

NET ASSETS

41,980

5,273

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

40,980

4,273

SHAREHOLDERS' FUNDS

41,980

5,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 14 March 2016 and were signed by:

M R Abela - 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 April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it

can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted

Deferred tax is measured on a (discounted/nondiscounted) basis, at the average tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or

substantively enacted by the balance sheet date

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.

Debtors

Factored debts are included on the balance sheet within debtors. The proceeds received from the factor are included as

secured liabilities. Factoring charges are recognised as they accrue and included within interest payable and similar charges.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

5,320

AMORTISATION

At 1 April 2014

2,128

Amortisation for year

532

At 31 March 2015

2,660

NET BOOK VALUE

At 31 March 2015

2,660

At 31 March 2014

3,192

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

32,567

Additions

7,541

At 31 March 2015

40,108

DEPRECIATION

At 1 April 2014

14,897

Charge for year

7,194

At 31 March 2015

22,091

NET BOOK VALUE

At 31 March 2015

18,017

At 31 March 2014

17,670

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and 31 March 2014:

2015

2014

£

£

M R Abela

Balance outstanding at start of year

74,981

34,456

Amounts advanced

29,540

68,219

Amounts repaid

(37,000

)

(27,694

)

Balance outstanding at end of year

67,521

74,981