Registered Number 06224854

ABLE 2 LIMITED

Abbreviated Accounts

31 October 2015

ABLE 2 LIMITED Registered Number 06224854

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 211,542 214,408
211,542 214,408
Current assets
Debtors - 76,000
Cash at bank and in hand 99,776 83,996
99,776 159,996
Creditors: amounts falling due within one year (15,651) (77,492)
Net current assets (liabilities) 84,125 82,504
Total assets less current liabilities 295,667 296,912
Creditors: amounts falling due after more than one year (206,826) (195,155)
Total net assets (liabilities) 88,841 101,757
Capital and reserves
Called up share capital 1 1
Profit and loss account 88,840 101,756
Shareholders' funds 88,841 101,757
  • For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 July 2016

And signed on their behalf by:
R Dingle, Director

ABLE 2 LIMITED Registered Number 06224854

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises income from sales excluding value added tax.

Tangible assets depreciation policy
Plant & Machinery- 25% straight line
Land & buildings- 1.5% straight line

2Tangible fixed assets
£
Cost
At 1 November 2014 224,904
Additions 1,250
Disposals -
Revaluations -
Transfers -
At 31 October 2015 226,154
Depreciation
At 1 November 2014 10,496
Charge for the year 4,116
On disposals -
At 31 October 2015 14,612
Net book values
At 31 October 2015 211,542
At 31 October 2014 214,408