REGISTERED NUMBER: 02043599 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Ability International Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J S Holborn

Mrs B Holborn

G Alston

C Donovan

SECRETARY:

Mrs B Holborn

REGISTERED OFFICE:

367 Eastfield Road

Peterborough

Cambridgeshire

PE1 4RD

REGISTERED NUMBER:

02043599 (England and Wales)

ACCOUNTANTS:

AE Finance Ltd

Chartered Certified Accountants

367 Eastfield Road

Peterborough

Cambridgeshire

PE1 4RD

BANKERS:

HSBC

Cathedral Square

Peterborough

PE1 1XL

FIXED ASSETS

Intangible assets

2

1,374

1,327

Tangible assets

3

122,669

110,636

124,043

111,963

CURRENT ASSETS

Stocks

27,500

37,250

Debtors

225,747

237,833

Prepayments and accrued income

14,337

25,359

Cash at bank and in hand

154,525

86,889

422,109

387,331

CREDITORS

Amounts falling due within one year

117,610

108,843

NET CURRENT ASSETS

304,499

278,488

TOTAL ASSETS LESS CURRENT LIABILITIES

428,542

390,451

PROVISIONS FOR LIABILITIES

17,479

13,339

NET ASSETS

411,063

377,112

CAPITAL AND RESERVES

Called up share capital

4

20,000

20,000

Share premium

72,000

72,000

Profit and loss account

319,063

285,112

SHAREHOLDERS' FUNDS

411,063

377,112

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 July 2016 and were signed on its behalf by:

M J S Holborn - Director

G Alston - Director

C Donovan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Income represents net invoiced sales of goods, excluding value added tax.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.

Patents

Patents are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10

years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

12,648

Additions

230

At 31 March 2016

12,878

AMORTISATION

At 1 April 2015

11,321

Amortisation for year

183

At 31 March 2016

11,504

NET BOOK VALUE

At 31 March 2016

1,374

At 31 March 2015

1,327

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

432,177

Additions

40,993

Disposals

(19,500

)

At 31 March 2016

453,670

DEPRECIATION

At 1 April 2015

321,541

Charge for year

25,104

Eliminated on disposal

(15,644

)

At 31 March 2016

331,001

NET BOOK VALUE

At 31 March 2016

122,669

At 31 March 2015

110,636

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

20,000

Ordinary

1

20,000

20,000