REGISTERED NUMBER: 04848050 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2016

FOR

ABLE TOOLING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

N R Rhodes

C M Kenyon

SECRETARY:

N R Rhodes

REGISTERED OFFICE:

83 Arthur Street

Redditch

Worcestershire

B98 8JY

REGISTERED NUMBER:

04848050 (England and Wales)

ACCOUNTANTS:

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

FIXED ASSETS

Intangible assets

2

21,000

24,000

Tangible assets

3

205,201

223,524

226,201

247,524

CURRENT ASSETS

Stocks

36,200

35,300

Debtors

444,653

437,406

Cash at bank

8,913

124,661

489,766

597,367

CREDITORS

Amounts falling due within one year

4

188,660

205,255

NET CURRENT ASSETS

301,106

392,112

TOTAL ASSETS LESS CURRENT LIABILITIES

527,307

639,636

CREDITORS

Amounts falling due after more than one year

4

(11,222

)

(42,447

)

PROVISIONS FOR LIABILITIES

(37,869

)

(40,953

)

NET ASSETS

478,216

556,236

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

478,116

556,136

SHAREHOLDERS' FUNDS

478,216

556,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4th May 2017 and were signed on its behalf by:

C M Kenyon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Government grants

Government grants in respect of fixed assets are treated as deferred income and credited to the profit and loss

account over the expected useful life of the relevant assets.

Grants relating to revenue costs are credited to the profit and loss account in line with the relevant costs.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2015

and 31st October 2016

60,000

AMORTISATION

At 1st November 2015

36,000

Amortisation for year

3,000

At 31st October 2016

39,000

NET BOOK VALUE

At 31st October 2016

21,000

At 31st October 2015

24,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2015

428,762

Additions

38,645

Disposals

(13,000

)

At 31st October 2016

454,407

DEPRECIATION

At 1st November 2015

205,238

Charge for year

52,855

Eliminated on disposal

(8,887

)

At 31st October 2016

249,206

NET BOOK VALUE

At 31st October 2016

205,201

At 31st October 2015

223,524

4.

CREDITORS

Creditors include an amount of £ 28,055 (2015 - £ 74,980 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

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

financial statements of Able Tooling Limited for the year ended 31st October 2016 which comprise the Profit and Loss

Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Able Tooling 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 Able Tooling Limited and state those matters that we have agreed to state to the Board of Directors of Able Tooling Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Able Tooling 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 Able Tooling Limited. You consider that Able Tooling 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 Able Tooling 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.

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

4th May 2017