Ablerent Limited - Filleted accounts

Registered number

02371663

Ablerent Limited

Unaudited Filleted Accounts

31 March 2017

Winton House

Winton Square

Basingstoke

Hampshire

RG21 8EN

tel: 01256 830000

office@cranleys.co.uk

Ablerent Limited
Registered number:		02371663
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		2,515			2,515

Current assets
Debtors	3	17,990			10,726
Cash at bank and in hand		3,376			5,089
		21,366			15,815

Creditors: amounts falling due within one year	4	(1,440)			(487)

Net current assets			19,926			15,328

Net assets			22,441			17,843

Capital and reserves
Called up share capital			16			16
Profit and loss account			22,425			17,827

Shareholders' funds			22,441			17,843

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Max Kenna
Director
Approved by the board on 28 July 2017

Ablerent Limited
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 April 2016			2,515
	At 31 March 2017			2,515

	Depreciation
	At 31 March 2017			-

	Net book value
	At 31 March 2017			2,515
	At 31 March 2016			2,515


3	Debtors	2017		2016
£			£

	Trade debtors	17,990		10,726


4	Creditors: amounts falling due within one year	2017		2016
£			£

	Other creditors	953		-
	Accruals	487		487
		1,440		487


6	Controlling party

	The controlling party is Mr Max Kenna as director of the company.


7	Other information

	Ablerent Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Winton House
	Winton Square
	Basingstoke
	Hampshire
	RG21 8EN