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REGISTERED NUMBER: 02704509 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

ABILITY HANDLING LIMITED

ABILITY HANDLING LIMITED (REGISTERED NUMBER: 02704509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABILITY HANDLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







DIRECTOR: R J Hardman





SECRETARY: Aldbury Secretaries Limited





REGISTERED OFFICE: Houghton Road
North Anston Trading Estate
Sheffield
South Yorkshire
S25 4JJ





REGISTERED NUMBER: 02704509 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

ABILITY HANDLING LIMITED (REGISTERED NUMBER: 02704509)

BALANCE SHEET
31 JULY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 230,000 270,000
Tangible assets 5 906,327 874,792
1,136,327 1,144,792

CURRENT ASSETS
Stocks 83,894 53,655
Debtors 6 474,796 434,221
Cash at bank and in hand 79,429 112,652
638,119 600,528
CREDITORS
Amounts falling due within one year 7 514,375 543,602
NET CURRENT ASSETS 123,744 56,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,260,071

1,201,718

CREDITORS
Amounts falling due after more than one
year

8

304,674

349,832
NET ASSETS 955,397 851,886

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 955,395 851,884
SHAREHOLDERS' FUNDS 955,397 851,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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.

ABILITY HANDLING LIMITED (REGISTERED NUMBER: 02704509)

BALANCE SHEET - continued
31 JULY 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 April 2018 and were signed by:





R J Hardman - Director


ABILITY HANDLING LIMITED (REGISTERED NUMBER: 02704509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017

1. STATUTORY INFORMATION

Ability Handling Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised
over its remaining estimated useful life which was estimated as 8 years at 31 July 2016.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ABILITY HANDLING LIMITED (REGISTERED NUMBER: 02704509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2016
and 31 July 2017 450,000
AMORTISATION
At 1 August 2016 180,000
Charge for year 40,000
At 31 July 2017 220,000
NET BOOK VALUE
At 31 July 2017 230,000
At 31 July 2016 270,000

ABILITY HANDLING LIMITED (REGISTERED NUMBER: 02704509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2016 170,782 1,568,158 1,738,940
Additions - 319,735 319,735
Disposals - (176,446 ) (176,446 )
At 31 July 2017 170,782 1,711,447 1,882,229
DEPRECIATION
At 1 August 2016 151 863,997 864,148
Charge for year 1,795 205,596 207,391
Eliminated on disposal - (95,637 ) (95,637 )
At 31 July 2017 1,946 973,956 975,902
NET BOOK VALUE
At 31 July 2017 168,836 737,491 906,327
At 31 July 2016 170,631 704,161 874,792

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 402,037 374,613
Other debtors 72,759 59,608
474,796 434,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 109,096 60,224
Trade creditors 230,174 271,967
Taxation and social security 71,885 52,339
Other creditors 103,220 159,072
514,375 543,602

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Hire purchase contracts 74,369 73,706
Other creditors 230,305 276,126
304,674 349,832

ABILITY HANDLING LIMITED (REGISTERED NUMBER: 02704509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
HP accounts 183,465 133,930