Abbreviated Company Accounts - ABLESMART LIMITED

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Registered Number 02566907

ABLESMART LIMITED

Abbreviated Accounts

28 February 2016

ABLESMART LIMITED Registered Number 02566907

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Current assets
Debtors		392,915	366,157
Investments		700,000	850,000
Cash at bank and in hand		140,805	115,576
		1,233,720	1,331,733
Creditors: amounts falling due within one year		(27,761)	(27,761)
Net current assets (liabilities)		1,205,959	1,303,972
Total assets less current liabilities		1,205,959	1,303,972
Total net assets (liabilities)		1,205,959	1,303,972
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		1,205,859	1,303,872
Shareholders' funds		1,205,959	1,303,972

For the year ending 28 February 2016 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2016

And signed on their behalf by:
A Hagan, Director

ABLESMART LIMITED Registered Number 02566907

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

3Transactions with directors

Name of director receiving advance or credit:	W R Hagan (joint with A M Hagan)
Description of the transaction:	Director's loan account (overdrawn)
Balance at 1 March 2015:	£ 280,531
Advances or credits made:	£ 109,716
Advances or credits repaid:	£ 70,400
Balance at 28 February 2016:	£ 319,847