REGISTERED NUMBER: 07063560 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

ABILITY WORLD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Weatherburn

REGISTERED OFFICE:

43 Svenskaby

Orton Wistow

Peterborough

Cambridgeshire

PE2 6YZ

REGISTERED NUMBER:

07063560 (England and Wales)

ACCOUNTANTS:

GreenStones Limited

9 Commerce Road

Lynchwood

Peterborough

Cambridgeshire

PE2 6LR

FIXED ASSETS

Tangible assets

2

1,797

926

CURRENT ASSETS

Stocks

8,526

8,521

Debtors

7,394

2,952

Cash at bank

2,928

1,380

18,848

12,853

CREDITORS

Amounts falling due within one year

20,138

13,771

NET CURRENT LIABILITIES

(1,290

)

(918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

507

8

PROVISIONS FOR LIABILITIES

185

-

NET ASSETS

322

8

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

321

7

SHAREHOLDERS' FUNDS

322

8

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 May 2017 and were signed by:

D Weatherburn - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

3,029

Additions

1,123

At 30 November 2016

4,152

DEPRECIATION

At 1 December 2015

2,103

Charge for year

252

At 30 November 2016

2,355

NET BOOK VALUE

At 30 November 2016

1,797

At 30 November 2015

926

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 November 2016 and 30 November 2015:

2016

2015

£

£

D Weatherburn

Balance outstanding at start of year

(18

)

(2,344

)

Amounts advanced

19,462

20,928

Amounts repaid

(19,577

)

(18,602

)

Balance outstanding at end of year

(133

)

(18

)

These loans are unsecured and interest free. The director, D Weatherburn has personally

guaranteed the company overdraft.