ABLE ENGINEERING LIMITED

Company Registration Number:
02192690 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Page 1

ABLE ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2016

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 7

Page 2

ABLE ENGINEERING LIMITED

Company Information

for the Period Ended 31 December 2016




Registered office: 1
Hamlin Way
Hardwick Narrows
King's Lynn
Norfolk
England
PE30 4NG
Company Registration Number: 02192690 (England and Wales)

Page 3

ABLE ENGINEERING LIMITED

Balance sheet

As at 31 December 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 198,564 224,840
Total fixed assets: 198,564 224,840
Current assets
Stocks: 47,961 46,665
Debtors: 3 159,015 103,890
Cash at bank and in hand: 15,878 27,868
Total current assets: 222,854 178,423
Creditors: amounts falling due within one year: 4 ( 290,731 ) ( 187,924 )
Net current assets (liabilities): ( 67,877 ) ( 9,501 )
Total assets less current liabilities: 130,687 215,339
Creditors: amounts falling due after more than one year: 5 ( 25,550 )
Provision for liabilities: ( 10,276 ) ( 22,241 )
Total net assets (liabilities): 120,411 167,548

The notes form part of these financial statements

Page 4

ABLE ENGINEERING LIMITED

Balance sheet continued

As at 31 December 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 15,000 15,000
Profit and loss account: 105,411 152,548
Shareholders funds: 120,411 167,548

For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 September 2017
And Signed On Behalf Of The Board By:

Name: Gordon Foreman
Status: Director

The notes form part of these financial statements

Page 5

ABLE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2016

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 6

ABLE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Tangible assets

Plant & machinery Fixtures & fittings Motor vehicles Total
Cost £ £ £ £
At 01 January 2016 418,997 15,618 72,775 507,390
Additions 12,595 0 0 12,595
Disposals (0) (0) (5,500) (5,500)
Revaluations 0 0 0 0
Transfers 0 0 0 0
At 31 December 2016 431,592 15,618 67,275 514,485
Depreciation
At 01 January 2016 221,895 13,099 47,556 282,550
Charge for year 31,455 377 6,060 37,892
On disposals (0) (0) (4,521) (4,521)
Other adjustments 0 0 0 0
At 31 December 2016 253,350 13,476 49,095 315,921
Net book value
At 31 December 2016 178,242 2,142 18,180 198,564
At 31 December 2015 197,102 2,519 25,219 224,840

Page 7

ABLE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Debtors


2016
£
2015
£
Trade debtors 146,175 97,538
Prepayments and accrued income 7,840 6,352
Other debtors 5,000 0
Total 159,015 103,890

Page 8

ABLE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2016

4.Creditors: amounts falling due within one year note


2016
£
2015
£
Amounts due under finance leases and hire purchase contracts 25,550 25,550
Trade creditors 95,958 84,224
Taxation and social security 57,032 24,829
Accruals and deferred income 1,653 3,315
Other creditors 110,538 50,006
Total 290,731 187,924

Page 9

ABLE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2016

5.Creditors: amounts falling due after more than one year


2016
£
2015
£
Amounts due under finance leases and hire purchase contracts 25,550
Total 25,550

Page 10