REGISTERED NUMBER: 04631792 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Able Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms L M Hughes

REGISTERED OFFICE:

Petre House

Petre Street

Sheffield

South Yorkshire

S4 8LJ

REGISTERED NUMBER:

04631792 (England and Wales)

ACCOUNTANTS:

Alextra Group Limited

7-9 Macon Court

Crewe

Cheshire

CW1 6EA

FIXED ASSETS

Intangible assets

2

-

200

Tangible assets

3

20,627

17,797

Investments

4

201

201

20,828

18,198

CURRENT ASSETS

Debtors

150,182

145,000

Cash at bank

417,227

326,427

567,409

471,427

CREDITORS

Amounts falling due within one year

(168,458

)

(125,358

)

NET CURRENT ASSETS

398,951

346,069

TOTAL ASSETS LESS CURRENT LIABILITIES

419,779

364,267

PROVISIONS FOR LIABILITIES

(1,689

)

(1,162

)

NET ASSETS

418,090

363,105

CAPITAL AND RESERVES

Called up share capital

5

4

4

Capital redemption reserve

1

1

Profit and loss account

418,085

363,100

SHAREHOLDERS' FUNDS

418,090

363,105

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 her 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 16 November 2016 and were signed by:

Ms L M Hughes - 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 sale of goods and services, excluding value added tax and trade discounts and

returns, deriving from ordinary activities.Income is recognised when the significant risks and rewards of the

goods and services transferred have passed to the buyer, and the right to receive consideration has arisen.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences between the treatment of certain items for taxation

and accounting purposes. The differences that have originated but not reversed at the balance sheet date and

measured at the rate expected to apply in future periods upon reversal. Deferred tax liabilities are not discounted.

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.

Fixed asset investments

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

2,000

AMORTISATION

At 1 August 2015

1,800

Amortisation for year

200

At 31 July 2016

2,000

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

39,153

Additions

12,006

Disposals

(9,276

)

At 31 July 2016

41,883

DEPRECIATION

At 1 August 2015

21,356

Charge for year

3,958

Eliminated on disposal

(4,058

)

At 31 July 2016

21,256

NET BOOK VALUE

At 31 July 2016

20,627

At 31 July 2015

17,797

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2015

and 31 July 2016

201

NET BOOK VALUE

At 31 July 2016

201

At 31 July 2015

201

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

4

Ordinary

£1

4

4

(31.7.15 - 5 )