Able 2 Occupational Therapy Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06684049 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2019 TO 30TH AUGUST 2020

FOR

ABLE 2 OCCUPATIONAL THERAPY SERVICES

LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

-

Intangible assets

4

-

29,144

Tangible assets

5

60,458

29,144

60,458

CURRENT ASSETS

105,212

Stocks

32,087

314,761

Debtors

184,541

305,533

Cash at bank and in hand

463,959

725,506

680,587

CREDITORS

187,233

Amounts falling due within one year

121,900

538,273

NET CURRENT ASSETS

558,687

567,417

TOTAL ASSETS LESS CURRENT LIABILITIES

619,145

4,338

PROVISIONS FOR LIABILITIES

10,619

563,079

NET ASSETS

608,526

CAPITAL AND RESERVES

1

Called up share capital

1

563,078

Retained earnings

608,525

563,079

SHAREHOLDERS' FUNDS

608,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th August 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th August 2020 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30th August 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th February 2021 and were signed on its behalf by:

J Makin - Director

1.	STATUTORY INFORMATION

Able 2 Occupational Therapy Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06684049

Registered office:

1 Faraday Drive

Stourbridge Road

Bridgnorth

Shropshire

WV15 5BA

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced services, excluding value added tax.

Goodwill

Goodwill which has been fully amortised was the amount paid in connection with the acquisition of a business in 2008.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 period 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 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 period 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 period was 39 (2019 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2019

and 30th August 2020

63,973

AMORTISATION

At 1st November 2019

and 30th August 2020

63,973

NET BOOK VALUE

At 30th August 2020

-

At 31st October 2019

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2019

166,268

Additions

45,363

At 30th August 2020

211,631

DEPRECIATION

At 1st November 2019

137,124

Charge for period

14,049

At 30th August 2020

151,173

NET BOOK VALUE

At 30th August 2020

60,458

At 31st October 2019

29,144

6.	OTHER FINANCIAL COMMITMENTS

At 30 August 2020 the company had lease commitments of £32,500 payable over the next two to three years (31st October 2019 £45,000 over three years).