ABLE OFFICE TECHNOLOGY (UK) LTD - Limited company - abbreviated

REGISTERED NUMBER: 06642534 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2013

FOR

ABLE OFFICE TECHNOLOGY (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A R Dicks

Mrs L A Dicks

SECRETARY:

Mrs L A Dicks

REGISTERED OFFICE:

105 Seven Sisters Road

London

N7 7QP

REGISTERED NUMBER:

06642534 (England and Wales)

ACCOUNTANTS:

C. Charles & Co Limited

Chartered Certified Accountants

Argyle Court

105 Seven Sisters Road

London

N7 7QP

FIXED ASSETS

Tangible assets

2

3,483

4,098

CURRENT ASSETS

Stocks

7,568

13,268

Debtors

26,996

17,191

Cash at bank and in hand

10,450

13,353

45,014

43,812

CREDITORS

Amounts falling due within one year

35,843

38,366

NET CURRENT ASSETS

9,171

5,446

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,654

9,544

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

12,554

9,444

SHAREHOLDERS' FUNDS

12,654

9,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2013 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 27th May 2014 and were signed on its
behalf by:

Mr A R Dicks - 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.

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 etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2012

and 31st July 2013

5,379

DEPRECIATION

At 1st August 2012

1,281

Charge for year

615

At 31st July 2013

1,896

NET BOOK VALUE

At 31st July 2013

3,483

At 31st July 2012

4,098

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

100

Ordinary

£1

100