| ABEL CERAMIC & MARBLE LTD |
| Registered Number:02582634 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
ABEL CERAMIC & MARBLE LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
ABEL CERAMIC & MARBLE LTD
Statement of Financial Position
31/3/2016
31/3/2017
| Property, plant and equipment |
15,260
20,225
2
15,260
20,225
61,637
58,477
| Trade and other receivables |
9,480
6,082
3
3
| Cash and cash equivalents |
5
64,564
71,120
| Trade and other payables: amounts falling due within one year |
(76,786)
(68,381)
4
(5,666)
(3,817)
Net current liabilities
| Total assets less current liabilities |
11,443
14,559
11,443
Net assets
14,559
100
100
11,343
14,459
11,443
14,559
Shareholders' funds
| For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| These financial statements were approved and authorised for issue by the Board on 18 September 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
ABEL CERAMIC & MARBLE LTD
Notes to the Financial Statements
Statutory Information
| ABEL CERAMIC & MARBLE LTD is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 02582634. |
Unit 2 M3 Trade Park
Manor Wat
Eastleigh
Hants
SO50 9YA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
| The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
| assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2017
ABEL CERAMIC & MARBLE LTD
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
104,687
3,057
10,347
91,283
91,283
10,347
3,057
104,687
| Provision for depreciation and impairment |
84,462
1,707
9,072
73,683
Charge for year
4,965
350
315
4,300
89,427
2,057
9,387
77,983
13,300
960
1,000
15,260
17,600
1,275
1,350
20,225
| 3. Trade and other receivables |
31/3/2016
31/3/2017
6,082
9,480
| 4. Trade and other payables: amounts falling due within one year |
31/3/2016
31/3/2017
11,375
15,700
6,053
10,833
| Taxation and social security |
2,747
3,989
48,206
46,264
68,381
76,786
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