Ablewell Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07814974 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Ablewell Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K P McCourt

Mr J A Ratcliffe

SECRETARY:

Mr J A Ratcliffe

REGISTERED OFFICE:

Green Street Mill

Green Street

Macclesfield

Cheshire

SK10 1JQ

REGISTERED NUMBER:

07814974 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

5,575

10,487

CURRENT ASSETS

Debtors

5

80,889

79,026

Cash at bank and in hand

55,932

112,966

136,821

191,992

CREDITORS

Amounts falling due within one year

6

79,424

97,518

NET CURRENT ASSETS

57,397

94,474

TOTAL ASSETS LESS CURRENT LIABILITIES

62,972

104,961

PROVISIONS FOR LIABILITIES

449

1,284

NET ASSETS

62,523

103,677

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62,423

103,577

SHAREHOLDERS' FUNDS

62,523

103,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 21 August 2019 and were signed on its behalf by:

Mr J A Ratcliffe - Director

1.	STATUTORY INFORMATION

Ablewell 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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 etc

-

25% on reducing balance and 2% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment

of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

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 38 (2018 - 53 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

40,324

Additions

780

Disposals

(6,825

)

At 31 March 2019

34,279

DEPRECIATION

At 1 April 2018

29,837

Charge for year

4,377

Eliminated on disposal

(5,510

)

At 31 March 2019

28,704

NET BOOK VALUE

At 31 March 2019

5,575

At 31 March 2018

10,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

16,914

525

Other debtors

63,975

78,501

80,889

79,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

4,291

13,628

Taxation and social security

9,040

9,341

Other creditors

66,093

74,549

79,424

97,518