REGISTERED NUMBER: 04093853 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2017 to 31 August 2018

for

Abel Ventilation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs E T Abel

REGISTERED OFFICE:

64 Wilbury Way

Hitchin

Hertfordshire

SG4 0TP

REGISTERED NUMBER:

04093853 (England and Wales)

ACCOUNTANTS:

Chancellers LLP

64 Wilbury Way

Hitchin

Hertfordshire

SG4 0TP

FIXED ASSETS

-

Intangible assets

4

-

5,026

Tangible assets

5

-

5,026

-

CURRENT ASSETS

319,487

Debtors

6

41,850

95,349

Cash at bank

174,730

414,836

216,580

CREDITORS

95,647

Amounts falling due within one year

7

19,286

319,189

NET CURRENT ASSETS

197,294

324,215

TOTAL ASSETS LESS CURRENT LIABILITIES

197,294

1,006

PROVISIONS FOR LIABILITIES

-

323,209

NET ASSETS

197,294

CAPITAL AND RESERVES

75,850

Called up share capital

850

247,359

Retained earnings

196,444

323,209

SHAREHOLDERS' FUNDS

197,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director on 25 October 2018 and were signed by:

Mrs E T Abel - Director

1.	STATUTORY INFORMATION

Abel Ventilation 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 the value of goods and services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the period 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 period 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.

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.

Revenue recognition

The company's accounting policy in respect of revenue recognition follows the requirements of FRS 102 section 23.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 August 2018

19,000

AMORTISATION

At 1 April 2017

and 31 August 2018

19,000

NET BOOK VALUE

At 31 August 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

27,663

Disposals

(19,102

)

At 31 August 2018

8,561

DEPRECIATION

At 1 April 2017

22,637

Charge for period

54

Eliminated on disposal

(14,130

)

At 31 August 2018

8,561

NET BOOK VALUE

At 31 August 2018

-

At 31 March 2017

5,026

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.3.17

£

£

Trade debtors

1,508

235,502

Other debtors

40,342

83,985

41,850

319,487

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.3.17

£

£

Trade creditors

-

15,809

Taxation and social security

7,179

72,666

Other creditors

12,107

7,172

19,286

95,647

8.	RELATED PARTY DISCLOSURES