REGISTERED NUMBER: |
ABLEWORLD (UK) LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014 |
REGISTERED NUMBER: |
ABLEWORLD (UK) LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014 |
ABLEWORLD (UK) LIMITED (REGISTERED NUMBER: 04048285) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
ABLEWORLD (UK) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ABLEWORLD (UK) LIMITED (REGISTERED NUMBER: 04048285) |
ABBREVIATED BALANCE SHEET |
31 JANUARY 2014 |
2014 | 2013 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
ABLEWORLD (UK) LIMITED (REGISTERED NUMBER: 04048285) |
ABBREVIATED BALANCE SHEET - continued |
31 JANUARY 2014 |
The financial statements were approved by the Board of Directors on |
ABLEWORLD (UK) LIMITED (REGISTERED NUMBER: 04048285) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention. |
Financial reporting standard number 1 |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as |
a small company. |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
In accordance with Statement of Standard Accounting Practice 19, investment properties are normally |
revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve; no depreciation |
or amortisation is provided in respect of freehold investment properties. Although the Companies Act would |
normally require the systematic annual depreciation of fixed assets, the Directors believe that this policy of not |
providing depreciation is necessary in order for the accounts to give a true and fair view, since the current |
value of investment properties, and changes in that current value, are of prime importance rather than a |
calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the |
annual valuation, and the amount that might otherwise have been shown cannot be separately identified |
quantified. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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 |
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate. |
ABLEWORLD (UK) LIMITED (REGISTERED NUMBER: 04048285) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2014 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2013 |
Additions |
At 31 January 2014 |
DEPRECIATION |
At 1 February 2013 |
Charge for year |
At 31 January 2014 |
NET BOOK VALUE |
At 31 January 2014 |
At 31 January 2013 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
Additions |
At 31 January 2014 |
NET BOOK VALUE |
At 31 January 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |