2015-12-01 true false Private Limited Company 03119771 2016-11-30 03119771 2015-12-01 2016-11-30 03119771 2015-11-30 03119771 2014-12-01 2015-11-30 03119771 uk-bus:Director1 2015-12-01 2016-11-30 03119771 uk-bus:Director2 2015-12-01 2016-11-30 03119771 uk-gaap:PlantMachinery 2015-12-01 2016-11-30 03119771 uk-gaap:CommercialMotorVehicles 2015-12-01 2016-11-30 03119771 uk-bus:OrdinaryShareClass1 2016-11-30 iso4217:GBP
Able Electrical Inspection Limited
For the year ended 30 November 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03119771
2
Abbreviated Balance Sheet
Able Electrical Inspection Limited
As at 30 November 2016
03119771
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
11,877
20,345
11,877
20,345
Current assets
Debtors
216,955
173,497
Cash at bank and in hand
243,997
37,197
417,494
254,152
Creditors: amounts falling due within one year
(245,971)
(365,050)
8,181
52,444
Net current assets
Total assets less current liabilities
64,321
28,526
64,321
Net assets
28,526
Capital and reserves
Called up share capital
100
3
100
Reserves
40
40
Profit and loss account
64,181
28,386
64,321
28,526
Shareholders funds
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.
Directors responsibilities: 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 directors acknowledge their 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 Compnies Act 2006 relating to small companies.
Date approved by the board: 21 April 2017
G Connors Director
Signed on behalf of the board of directors
D Connors Director
1 of 3
3
Notes to the Abbreviated Financial Statements
Able Electrical Inspection Limited
For the year ended 30 November 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
33% Straight line
Motor Vehicles
33% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
82,757
At 01 December 2015
(50,911)
Disposals
At 30 November 2016
31,846
Depreciation
62,412
At 01 December 2015
(52,987)
Disposals
10,544
Charge for year
19,969
At 30 November 2016
Net book values
At 30 November 2016
11,877
20,345
At 30 November 2015
2 of 3
4
Notes to the Abbreviated Financial Statements
Able Electrical Inspection Limited
For the year ended 30 November 2016
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
3 of 3