REGISTERED NUMBER: 04837428 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

ABLEGLAZE BIRMINGHAM LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

J R Humphries

Mrs A Humphries

REGISTERED OFFICE:

196 Weoley Park Road

Selly Oak

Birmingham

West Midlands

B29 5HD

REGISTERED NUMBER:

04837428 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The directors present their report with the financial statements of the company for the year ended 30 November 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2016 to the date of this

report.

J R Humphries

Mrs A Humphries

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mrs A Humphries - Director

30 August 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ableglaze Birmingham Limited for the year ended 30 November 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ableglaze Birmingham Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ableglaze Birmingham Limited and state those matters that we have agreed to state to the Board of Directors of Ableglaze Birmingham Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ableglaze Birmingham Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ableglaze Birmingham Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ableglaze Birmingham Limited. You consider that Ableglaze Birmingham Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ableglaze Birmingham Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

30 August 2018

TURNOVER

74,850

100,693

Cost of sales

16,848

34,917

GROSS PROFIT

58,002

65,776

Administrative expenses

32,808

35,471

25,194

30,305

Other operating income

-

700

OPERATING PROFIT

4

25,194

31,005

Interest payable and similar expenses

1,112

1,520

PROFIT BEFORE TAXATION

24,082

29,485

Tax on profit

4,702

5,953

PROFIT FOR THE FINANCIAL YEAR

19,380

23,532

FIXED ASSETS

Tangible assets

5

1,773

2,085

CURRENT ASSETS

Debtors

6

23,959

38,733

CREDITORS

Amounts falling due within one year

7

23,597

28,301

NET CURRENT ASSETS

362

10,432

TOTAL ASSETS LESS CURRENT LIABILITIES

2,135

12,517

CREDITORS

Amounts falling due after more than one year

8

1,072

7,334

NET ASSETS

1,063

5,183

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,061

5,181

SHAREHOLDERS' FUNDS

1,063

5,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 August 2018 and were signed on its behalf by:

Mrs A Humphries - Director

1.	STATUTORY INFORMATION

Ableglaze Birmingham Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	OPERATING PROFIT

The operating profit is stated after charging:

2017

2016

£

£

Depreciation - owned assets

312

367

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

and 30 November 2017

6,087

DEPRECIATION

At 1 December 2016

4,002

Charge for year

312

At 30 November 2017

4,314

NET BOOK VALUE

At 30 November 2017

1,773

At 30 November 2016

2,085

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,181

6,644

Other debtors

19,778

32,089

23,959

38,733

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

14,323

8,196

Trade creditors

2,053

5,308

Taxation and social security

5,951

13,546

Other creditors

1,270

1,251

23,597

28,301

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

1,072

7,334

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2017 and

30 November 2016:

2017

2016

£

£

J R Humphries and Mrs A Humphries

Balance outstanding at start of year

(17,774

)

(26,416

)

Amounts advanced

8,167

8,642

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,607

)

(17,774

)