REGISTERED NUMBER: 05214430 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Able Holdings (Northern) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

2

330,000

330,000

CURRENT ASSETS

Cash in hand

98

98

NET CURRENT ASSETS

98

98

TOTAL ASSETS LESS CURRENT LIABILITIES

330,098

330,098

CAPITAL AND RESERVES

Called up share capital

3

100

100

Share premium

329,998

329,998

SHAREHOLDERS' FUNDS

330,098

330,098

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 February 2017 and were signed on its behalf by:

Mr P Fowle - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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).

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.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Deferred tax

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

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it

can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the

timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by

the balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2015

and 31 July 2016

330,000

NET BOOK VALUE

At 31 July 2016

330,000

At 31 July 2015

330,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Able Construction (Northern) Limited

Nature of business: Building contractors

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

1,396,348

1,358,001

Profit for the year

108,347

98,997

Able Northern Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary £1

100.00

2016

2015

£

£

Aggregate capital and reserves

(88,056

)

(88,056

)

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

98

Ordinary

£1

98

100

(2015 - 100 )

1

Ordinary A shares

£1

1

-

1

Ordinary B shares

£1

1

-

100

100

During the year 2 ordinary shares were reclassified as A and B shares.

4.

CONTROL

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