Company Registration No. 04969530 (England and Wales)
ABEL BUILDING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
ABEL BUILDING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABEL BUILDING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2013
30 November 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
25,166
33,481
Current assets
Debtors
43,391
32,202
Cash at bank and in hand
408
42,728
43,799
74,930
Creditors: amounts falling due within one year
(71,455)
(53,111)
Net current (liabilities)/assets
(27,656)
21,819
Total assets less current liabilities
(2,490)
55,300
Provisions for liabilities
(4,051)
(5,499)
(6,541)
49,801
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(6,543)
49,799
Shareholders' funds
(6,541)
49,801
For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 29 August 2014
Mr S Allen
Director
Company Registration No. 04969530
ABEL BUILDING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
- 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 April 2008).
The director will continue to monitor expenses and expects to reduce losses next year, based on this assessment the director believes it appropriate to prepare accounts under a going concern basis.
1.2
Turnover
Turnover represents amounts receivable for building services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2012
66,643
Additions
599
Disposals
(1,538)
At 30 November 2013
65,704
Depreciation
At 1 December 2012
33,162
On disposals
(1,012)
Charge for the year
8,388
At 30 November 2013
40,538
Net book value
At 30 November 2013
25,166
At 30 November 2012
33,481
ABEL BUILDING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Ultimate parent company
The company is controlled by its director S Allen and his wife M Allen who hold 100% of the issued share capital.