IRIS Accounts Production v18.1.1.51 04599110 director 1.1.17 31.12.17 31.12.17 true false true false false true false Fair value model Ordinary 1.00000 A 1.00000 B 1.00000 C 1.00000 D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure045991102016-12-31045991102017-12-31045991102017-01-012017-12-31045991102015-12-31045991102016-01-012016-12-31045991102016-12-3104599110ns15:EnglandWales2017-01-012017-12-3104599110ns14:PoundSterling2017-01-012017-12-3104599110ns10:Director12017-01-012017-12-3104599110ns10:PrivateLimitedCompanyLtd2017-01-012017-12-3104599110ns10:SmallEntities2017-01-012017-12-3104599110ns10:AuditExempt-NoAccountantsReport2017-01-012017-12-3104599110ns10:SmallCompaniesRegimeForDirectorsReport2017-01-012017-12-3104599110ns10:SmallCompaniesRegimeForAccounts2017-01-012017-12-3104599110ns10:FullAccounts2017-01-012017-12-3104599110ns10:OrdinaryShareClass12017-01-012017-12-3104599110ns10:OrdinaryShareClass22017-01-012017-12-3104599110ns10:OrdinaryShareClass32017-01-012017-12-3104599110ns10:OrdinaryShareClass42017-01-012017-12-3104599110ns10:OrdinaryShareClass52017-01-012017-12-3104599110ns10:CompanySecretary12017-01-012017-12-3104599110ns10:RegisteredOffice2017-01-012017-12-3104599110ns5:CurrentFinancialInstruments2017-12-3104599110ns5:CurrentFinancialInstruments2016-12-3104599110ns5:Non-currentFinancialInstruments2017-12-3104599110ns5:Non-currentFinancialInstruments2016-12-3104599110ns5:ShareCapital2017-12-3104599110ns5:ShareCapital2016-12-3104599110ns5:RetainedEarningsAccumulatedLosses2017-12-3104599110ns5:RetainedEarningsAccumulatedLosses2016-12-3104599110ns5:FurnitureFittings2017-01-012017-12-3104599110ns5:ComputerEquipment2017-01-012017-12-3104599110ns5:PlantMachinery2016-12-3104599110ns5:PlantMachinery2017-01-012017-12-3104599110ns5:PlantMachinery2017-12-3104599110ns5:PlantMachinery2016-12-3104599110ns5:CostValuation2016-12-3104599110ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-3104599110ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3104599110ns5:Secured2017-12-3104599110ns5:Secured2016-12-3104599110ns10:OrdinaryShareClass12017-12-3104599110ns10:OrdinaryShareClass22017-12-3104599110ns10:OrdinaryShareClass32017-12-3104599110ns10:OrdinaryShareClass42017-12-3104599110ns10:OrdinaryShareClass52017-12-31


REGISTERED NUMBER: 04599110 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ABL RESOURCES LIMITED
ABL RESOURCES LIMITED (REGISTERED NUMBER: 04599110)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABL RESOURCES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTOR: K Rana





SECRETARY: S Morgan





REGISTERED OFFICE: Ground Floor, Finchale House
Belmont Business Park
Durham
DH1 1TW





REGISTERED NUMBER: 04599110 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW
Page 1
ABL RESOURCES LIMITED (REGISTERED NUMBER: 04599110)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,049 3,521
Investments 5 40 40
Investment property 6 167,036 167,036
169,125 170,597

CURRENT ASSETS
Debtors 7 88,055 147,129
Cash at bank and in hand 40,425 3,046
128,480 150,175
CREDITORS
Amounts falling due within one year 8 92,580 157,988
NET CURRENT ASSETS/(LIABILITIES) 35,900 (7,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
205,025
162,784

CREDITORS
Amounts falling due after more than one
year
9
173,419
138,072
NET ASSETS 31,606 24,712

CAPITAL AND RESERVES
Called up share capital 11 54 54
Retained earnings 31,552 24,658
SHAREHOLDERS' FUNDS 31,606 24,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
ABL RESOURCES LIMITED (REGISTERED NUMBER: 04599110)

BALANCE SHEET - continued
31 DECEMBER 2017


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 Income Statement has not been delivered.

The financial statements were approved by the director on 10 May 2018 and were signed by:





K Rana - Director


The notes form part of these financial statements

Page 3
ABL RESOURCES LIMITED (REGISTERED NUMBER: 04599110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

ABL Resources 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 represents net invoiced sales of services, excluding value added tax.

In respect of turnover arising from contractual arrangement, income is attributed to the profit and loss account as
contractual activity progresses in a manner appropriate to the stage of completion of each individual contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Collection division - 20% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

Page 4 continued...
ABL RESOURCES LIMITED (REGISTERED NUMBER: 04599110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 28,300
Additions 629
At 31 December 2017 28,929
DEPRECIATION
At 1 January 2017 24,779
Charge for year 2,101
At 31 December 2017 26,880
NET BOOK VALUE
At 31 December 2017 2,049
At 31 December 2016 3,521

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2017
and 31 December 2017 40
NET BOOK VALUE
At 31 December 2017 40
At 31 December 2016 40

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2017
and 31 December 2017 167,036
NET BOOK VALUE
At 31 December 2017 167,036
At 31 December 2016 167,036

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 78,140 90,071
Other debtors 9,915 57,058
88,055 147,129

Page 5 continued...
ABL RESOURCES LIMITED (REGISTERED NUMBER: 04599110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 4,000 49,526
Trade creditors 8,089 2,313
Taxation and social security 51,084 54,385
Other creditors 29,407 51,764
92,580 157,988

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 173,419 138,072

10. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 177,419 142,072

The loan is secured on the investment property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
15 Ordinary £1.00 15 15
15 A £1.00 15 15
12 B £1.00 12 12
6 C £1.00 6 6
6 D £1.00 6 6
54 54

12. RELATED PARTY DISCLOSURES

During the year the director maintained an interest free loan to the company. As at 31 December 2017 the
balance outstanding was £341 (2016: £30,459)

During the year the company paid rent on behalf of the former director of the company totalling £7,800. In
addition the company also provided an interest free loan to the former director. As at 31 December 2017 the
balance outstanding totalled £4,387.

During the year, the company provided services to ABL Resources Inc, a company resident in the USA, and
related by the way of common control. The engagement was conducted on third party terms. The amount
invoiced in the period was £264,865 (gross). Amounts paid were partly offset against business expenses incurred
by the Inc on behalf of the UK company in the year. A total of £69,970 was due from the Inc at the year end
which is included in trade debtors.

Page 6