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

REGISTERED NUMBER: 07814974 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

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

Mrs R M Beard

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

10,474

11,337

CURRENT ASSETS

Debtors

5

64,340

91,337

Cash at bank and in hand

80,418

73,456

144,758

164,793

CREDITORS

Amounts falling due within one year

6

103,634

123,984

NET CURRENT ASSETS

41,124

40,809

TOTAL ASSETS LESS CURRENT LIABILITIES

51,598

52,146

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,498

52,046

SHAREHOLDERS' FUNDS

51,598

52,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 and authorised for issue on 1 September 2022 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, 25% on cost, 15% 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 32 (2021 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

45,064

Additions

2,388

At 31 March 2022

47,452

DEPRECIATION

At 1 April 2021

33,727

Charge for year

3,251

At 31 March 2022

36,978

NET BOOK VALUE

At 31 March 2022

10,474

At 31 March 2021

11,337

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

38,057

68,730

Other debtors

26,283

22,607

64,340

91,337

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

-

7

Trade creditors

2,799

3,581

Taxation and social security

7,995

10,864

Other creditors

92,840

109,532

103,634

123,984

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022

2021

£

£

Mrs R M Beard

Balance outstanding at start of year

162

-

Amounts advanced

-

162

Amounts repaid

(162

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

162