Company Registration No. 07389820 (England and Wales)
ABLE 2 PROPERTY SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
ABLE 2 PROPERTY SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABLE 2 PROPERTY SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,767
11,032
Current assets
Stocks
455
425
Debtors
35,490
41,573
Cash at bank and in hand
8,989
16,834
44,934
58,832
Creditors: amounts falling due within one year
(59,194)
(26,329)
Net current (liabilities)/assets
(14,260)
32,503
Total assets less current liabilities
(4,493)
43,535
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(4,593)
43,435
Shareholders' funds
(4,493)
43,535
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 December 2015
Ms Z Gee
Director
Company Registration No. 07389820
ABLE 2 PROPERTY SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013
19,028
Additions
3,667
Disposals
(5,375)
At 30 September 2014
17,320
Depreciation
At 1 October 2013
7,997
On disposals
(2,913)
Charge for the year
2,469
At 30 September 2014
7,553
Net book value
At 30 September 2014
9,767
At 30 September 2013
11,032
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
ABLE 2 PROPERTY SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
4
Transactions with directors
At the balance sheet date the company owed the director, Ms Z Gee, £29,821 (2013 £1,258).
No interest is accruing on this amount.