Able Holdings (Northern) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05214430 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Able Holdings (Northern) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Fowle

Mrs P Fowle

SECRETARY:

Mr P Fowle

REGISTERED OFFICE:

Park Works

Sunderland Road

Felling

Gateshead

Tyne & Wear

NE10 9LR

REGISTERED NUMBER:

05214430 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Investments

4

330,000

CURRENT ASSETS

Cash in hand

98

NET CURRENT ASSETS

98

TOTAL ASSETS LESS CURRENT
LIABILITIES

330,098

CAPITAL AND RESERVES

Called up share capital

100

Share premium

329,998

SHAREHOLDERS' FUNDS

330,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 2 March 2018 and were signed on its behalf by:

Mr P Fowle - Director

1.	STATUTORY INFORMATION

Able Holdings (Northern) 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.

The accounts have been prepared on the going concern basis which assumes that the company will continue in

operational existence for the foreseeable future, which the directors consider appropriate.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 July 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 August 2015.

In preparing the financial statements, the directors have considered whether in applying the accounting policies

required by FRS102 Section 1a "Small Entities", the restatement of comparative items was required. The

transition to FRS102 Section 1a "Small Entities" has not resulted in any changes to accounting policies used.

Upon adoption of FRS102 Section 1A, there were no transitional adjustments required.

Preparation of consolidated financial statements

The financial statements contain information about Able Holdings (Northern) Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their

settlement value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2016

and 31 July 2017

330,000

NET BOOK VALUE

At 31 July 2017

330,000

At 31 July 2016

330,000

5.

CONTROL

The company was under the control of Mr and Mrs P Fowle, directors of the company throughout both years.