REGISTERED NUMBER: 04564203 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

ABLE FELT ROOFING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr M Hookings

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

04564203 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

6,416

417

6,416

417

Current assets

Stocks

500

1,000

Debtors

6

15,846

6,620

Cash at bank and in hand

3,792

13,205

20,138

20,825

Creditors

Amounts falling due within one year

7

26,548

21,238

Net current liabilities

(6,410

)

(413

)

Total assets less current liabilities

6

4

Capital and reserves

Called up share capital

8

2

2

Retained earnings

4

2

Shareholders' funds

6

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 17 June 2018 and were signed by:

Mr M Hookings - Director

1.	Statutory information

Able Felt Roofing 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due

allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of

fixed and variable overheads.

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 profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 4 (2016 - 4 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 October 2016

and 30 September 2017

30,000

Amortisation

At 1 October 2016

and 30 September 2017

30,000

Net book value

At 30 September 2017

-

At 30 September 2016

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 October 2016

378

2,590

32,343

1,073

36,384

Additions

-

-

8,240

-

8,240

At 30 September 2017

378

2,590

40,583

1,073

44,624

Depreciation

At 1 October 2016

377

2,589

32,343

658

35,967

Charge for year

-

-

2,060

181

2,241

At 30 September 2017

377

2,589

34,403

839

38,208

Net book value

At 30 September 2017

1

1

6,180

234

6,416

At 30 September 2016

1

1

-

415

417

6.

Debtors: amounts falling due within one year

30.9.17

30.9.16

£

£

Trade debtors

5,516

1,826

Other debtors

10,330

4,794

15,846

6,620

7.

Creditors: amounts falling due within one year

30.9.17

30.9.16

£

£

Bank loans and overdrafts

-

36

Trade creditors

17,993

8,012

Taxation and social security

6,685

11,941

Other creditors

1,870

1,249

26,548

21,238

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

2

Ordinary

£1

2

2

9.	Director's advances, credits and guarantees