Company Registration No. 01611536 (England and Wales)
ABLE FURNITURE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
ABLE FURNITURE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABLE FURNITURE LTD
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
2
210,287
237,683
Cash at bank and in hand
1,366
3,479
211,653
241,162
Creditors: amounts falling due within one year
(97,540)
(100,535)
Total assets less current liabilities
114,113
140,627
Capital and reserves
Called up share capital
3
5,000
5,000
Profit and loss account
109,113
135,627
Shareholders' funds
114,113
140,627
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 November 2016
S D Waltham
Director
Company Registration No. 01611536
ABLE FURNITURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Debtors
Debtors include an amount of £181,700 (2015 - £209,300) which is due after more than one year.
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
5,000 Ordinary shares of £1 each
5,000
5,000