REGISTERED NUMBER: 06656300 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Able Roofing Services Bude Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C M Upton

SECRETARY:

Mrs L J Upton

REGISTERED OFFICE:

Brambles

Donkey Lane

Poughill

Bude

Cornwall

EX23 9HG

REGISTERED NUMBER:

06656300 (England and Wales)

ACCOUNTANTS:

Metherell Gard Ltd

Chartered Accountants

Burn View

Bude

Cornwall

EX23 8BX

FIXED ASSETS

Intangible assets

2

1,000

1,500

Tangible assets

3

76,821

39,575

77,821

41,075

CURRENT ASSETS

Stocks

43,700

19,050

Debtors

28,944

3,056

Cash at bank

27,683

36,553

100,327

58,659

CREDITORS

Amounts falling due within one year

101,163

83,524

NET CURRENT LIABILITIES

(836

)

(24,865

)

TOTAL ASSETS LESS CURRENT LIABILITIES

76,985

16,210

CREDITORS

Amounts falling due after more than one year

(23,076

)

-

PROVISIONS FOR LIABILITIES

(15,300

)

(7,600

)

NET ASSETS

38,609

8,610

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

38,509

8,510

SHAREHOLDERS' FUNDS

38,609

8,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 25 April 2017 and were signed by:

C M Upton - 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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance

Stocks

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

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

5,000

AMORTISATION

At 1 August 2015

3,500

Amortisation for year

500

At 31 July 2016

4,000

NET BOOK VALUE

At 31 July 2016

1,000

At 31 July 2015

1,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

66,743

Additions

66,940

Disposals

(17,124

)

At 31 July 2016

116,559

DEPRECIATION

At 1 August 2015

27,168

Charge for year

19,765

Eliminated on disposal

(7,195

)

At 31 July 2016

39,738

NET BOOK VALUE

At 31 July 2016

76,821

At 31 July 2015

39,575

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE CONTROL

The ultimate control of the company lies with Mr C Upton, the director.