Able Hire Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02716468 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

ABLE HIRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P F Wagstaff FCA

Mrs S B Wagstaff

Mrs V L Stewart

SECRETARY:

Mrs V L Stewart

REGISTERED OFFICE:

4 Enterprise Court

Downmill Road

Bracknell

Berkshire

RG12 1QS

REGISTERED NUMBER:

02716468 (England and Wales)

ACCOUNTANTS:

Hamlyns LLP

Chartered Accountants

Sundial House

High Street

Horsell

Woking

Surrey

GU21 4SU

FIXED ASSETS

Tangible assets

2

9,484

11,506

CURRENT ASSETS

Debtors

102,901

78,833

Cash at bank

467

406

103,368

79,239

CREDITORS

Amounts falling due within one year

91,232

69,094

NET CURRENT ASSETS

12,136

10,145

TOTAL ASSETS LESS CURRENT LIABILITIES

21,620

21,651

CAPITAL AND RESERVES

Called up share capital

3

17,500

17,500

Profit and loss account

4,120

4,151

SHAREHOLDERS' FUNDS

21,620

21,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 27 August 2014 and were signed on its behalf by:

Mrs S B Wagstaff - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Hire equipment

-

at varying rates on cost

Hire vehicles

-

at varying rates on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

36,248

Additions

330

Disposals

(2,590

)

At 31 December 2013

33,988

DEPRECIATION

At 1 January 2013

24,742

Charge for year

2,352

Eliminated on disposal

(2,590

)

At 31 December 2013

24,504

NET BOOK VALUE

At 31 December 2013

9,484

At 31 December 2012

11,506

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

17,500

Ordinary

£1

17,500

17,500

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors (note 7) are loans from the directors amounting to £79,433 (2012 - £66,672). These

loans are interest free and repayable on demand.