Able Refurbishments Limited FILLETED ACCOUNTS COVER
Able Refurbishments Limited
Company No. 05020837
Information for Filing with The Registrar
31 March 2017
Able Refurbishments Limited DIRECTORS REPORT REGISTRAR
The Director presents his report and the accounts for the year ended 31 March 2017.
Principal activities
The principal activity of the company during the year under review was General Building & Roofing Services.
Director
The Director who served at any time during the year was as follows:
B. Dann
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
B. Dann
Director
17 December 2017
Able Refurbishments Limited BALANCE SHEET REGISTRAR
at
31 March 2017
Company No.
05020837
Notes
2017
2016
£
£
Fixed assets
Tangible assets
2
5,1046,715
5,1046,715
Current assets
Debtors
3
-6,772
Cash at bank and in hand
6183
616,855
Creditors: Amount falling due within one year
4
(5,726)
(12,514)
Net current liabilities
(5,665)
(5,659)
Total assets less current liabilities
(561)
1,056
Net (liabilities)/assets
(561)
1,056
Capital and reserves
Called up share capital
1,0001,000
Profit and loss account
5
(1,561)
56
Total equity
(561)
1,056
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 December 2017
And signed on its behalf by:
B. Dann
Director
17 December 2017
Able Refurbishments Limited NOTES TO THE ACCOUNTS REGISTRAR
for the year ended 31 March 2017
1
Accounting policies
Basis of preparation
The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% reducing balance
Motor vehicles
25% reducing balance
Furniture, fittings and equipment
20% reducing balance
2
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 April 2016
2,70410,1901,27914,173
At 31 March 2017
2,70410,1901,27914,173
Depreciation
At 1 April 2016
1,6534,8169897,458
Charge for the year
2101,343581,611
At 31 March 2017
1,8636,1591,0479,069
Net book values
At 31 March 2017
8414,0312325,104
At 31 March 2016
1,0515,3742906,715
3
Debtors
2017
2016
£
£
Other debtors
-6,772
-6,772
4
Creditors:
amounts falling due within one year
2017
2016
£
£
Loans from directors
4,52611,314
Accruals and deferred income
1,2001,200
5,72612,514
5
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
6
Dividends
2017
2016
£
£
Dividends for the period:
Dividends paid in the period
-
15,000
-15,000
Dividends by type:
Equity dividends
-15,000
-
15,000
7
Related party disclosures
Controlling party
Immediate controlling party
B. DANN
8
Additional information
Its registered number is:
05020837
Its registered office is:
66 Mallard Crescent
Iwade
Sutton
ME9 8TJ
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