REGISTERED NUMBER: 06649768 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Able Electrical Installation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J R Longley

SECRETARY:

REGISTERED OFFICE:

9 Ariane

Lichfield Industrial Estate

Tamworth

Staffordshire

B79 7XF

REGISTERED NUMBER:

06649768 (England and Wales)

ACCOUNTANTS:

Clover Chartered Certified Accountants

Rowan Suite, 2nd Floor

7 Trinity Place

Midland Drive

Sutton Coldfield

West Midlands

B72 1TX

FIXED ASSETS

Intangible assets

4

41,617

46,819

Tangible assets

5

11,770

8,736

53,387

55,555

CURRENT ASSETS

Stocks

56,426

30,000

Debtors

6

92,956

75,221

Cash at bank

-

16,384

149,382

121,605

CREDITORS

Amounts falling due within one year

7

136,178

136,804

NET CURRENT ASSETS/(LIABILITIES)

13,204

(15,199

)

TOTAL ASSETS LESS CURRENT LIABILITIES

66,591

40,356

CREDITORS

Amounts falling due after more than one year

8

62,179

38,795

NET ASSETS

4,412

1,561

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,312

1,461

SHAREHOLDERS' FUNDS

4,412

1,561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 22 February 2017 and were signed by:

J R Longley - Director

1.	STATUTORY INFORMATION

Able Electrical Installation 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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

-

25% on cost

Motor vehicles

-

25% on cost

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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 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.

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 30 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

52,021

AMORTISATION

At 1 January 2016

5,202

Charge for year

5,202

At 31 December 2016

10,404

NET BOOK VALUE

At 31 December 2016

41,617

At 31 December 2015

46,819

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2016

1,028

533

35,197

36,758

Additions

-

6,799

-

6,799

At 31 December 2016

1,028

7,332

35,197

43,557

DEPRECIATION

At 1 January 2016

1,028

266

26,728

28,022

Charge for year

-

1,648

2,117

3,765

At 31 December 2016

1,028

1,914

28,845

31,787

NET BOOK VALUE

At 31 December 2016

-

5,418

6,352

11,770

At 31 December 2015

-

267

8,469

8,736

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

68,089

65,311

Other debtors

24,867

9,910

92,956

75,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

1,003

-

Trade creditors

51,791

35,373

Taxation and social security

83,384

101,206

Other creditors

-

225

136,178

136,804

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

62,179

38,795

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J R Longley.