REGISTERED NUMBER: 04345610

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Able School of Motoring Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A B Hiscock

Mrs M L Hiscock

SECRETARY:

Mrs M L Hiscock

REGISTERED OFFICE:

130 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AL

REGISTERED NUMBER:

04345610

ACCOUNTANTS:

CBM Accountants Limited

130 Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

2

27,809

6,400

CURRENT ASSETS

Debtors

81,828

45,461

Cash at bank

6,174

17,556

88,002

63,017

CREDITORS

Amounts falling due within one year

81,845

18,162

NET CURRENT ASSETS

6,157

44,855

TOTAL ASSETS LESS CURRENT LIABILITIES

33,966

51,255

CREDITORS

Amounts falling due after more than one year

(31,792

)

(15,278

)

PROVISIONS FOR LIABILITIES

(1,025

)

(1,025

)

NET ASSETS

1,149

34,952

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,049

34,852

SHAREHOLDERS' FUNDS

1,149

34,952

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 15 August 2016 and were signed on its behalf by:

A B Hiscock - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements include the results of the company's operations which are described in the

Directors' Report and all of which are continuing.

The company has taken advantage of the exemption in Financial Reporting Standard No. 1 from the

requirement to produce a cashflow statement on the grounds that it is a small company.

The financial statements have been prepared in accordance with applicable accounting standards.

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

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

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

15,183

Additions

28,604

Disposals

(1,903

)

At 31 March 2016

41,884

DEPRECIATION

At 1 April 2015

8,783

Charge for year

6,594

Eliminated on disposal

(1,302

)

At 31 March 2016

14,075

NET BOOK VALUE

At 31 March 2016

27,809

At 31 March 2015

6,400

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary shares

1.00

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

£

A B Hiscock

Balance outstanding at start of year

28,525

20,978

Amounts advanced

-

28,525

Amounts repaid

(26,708

)

(20,978

)

Balance outstanding at end of year

1,817

28,525