REGISTERED NUMBER: 06432820 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2015

for

Abel Skip Hire Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B W Pepper

Mrs M Pepper

SECRETARY:

Mrs M Pepper

REGISTERED OFFICE:

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

REGISTERED NUMBER:

06432820 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

FIXED ASSETS

Intangible assets

2

11,000

16,500

Tangible assets

3

363,854

249,526

374,854

266,026

CURRENT ASSETS

Debtors

102,630

67,693

Cash at bank and in hand

256,021

206,123

358,651

273,816

CREDITORS

Amounts falling due within one year

197,577

165,217

NET CURRENT ASSETS

161,074

108,599

TOTAL ASSETS LESS CURRENT LIABILITIES

535,928

374,625

CREDITORS

Amounts falling due after more than one year

(183,341

)

(95,480

)

PROVISIONS FOR LIABILITIES

(72,771

)

(43,981

)

NET ASSETS

279,816

235,164

CAPITAL AND RESERVES

Called up share capital

4

100

100

Retained earnings

279,716

235,064

SHAREHOLDERS' FUNDS

279,816

235,164

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

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

B W Pepper - Director

Mrs M Pepper - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 2007, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Skips

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Deferred tax

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

date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under

hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated

over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

55,000

AMORTISATION

At 1 January 2015

38,500

Amortisation for year

5,500

At 31 December 2015

44,000

NET BOOK VALUE

At 31 December 2015

11,000

At 31 December 2014

16,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

495,848

Additions

238,101

Disposals

(74,147

)

At 31 December 2015

659,802

DEPRECIATION

At 1 January 2015

246,322

Charge for year

92,169

Eliminated on disposal

(42,543

)

At 31 December 2015

295,948

NET BOOK VALUE

At 31 December 2015

363,854

At 31 December 2014

249,526

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

£

100

Ordinary

£1

100

100