Able Hydraulics Holdings Limited - Period Ending 2016-02-29

Registration number: 06354310

Able Hydraulics Holdings Limited

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

Thompson Jones Business Solutions Limited
Chartered Accountants
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Able Hydraulics Holdings Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Able Hydraulics Holdings Limited
(Registration number: 06354310)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Investments					842,000			842,000
Current assets
Debtors					173			176
Creditors: Amounts falling due within one year					-			(3)
Net current assets					173			173
Net assets					842,173			842,173
Capital and reserves
Called up share capital		3			453,394			453,394
Profit and loss account					388,779			388,779
Shareholders' funds					842,173			842,173

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 11 August 2016 and signed on its behalf by:

.........................................
R Phelan
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Able Hydraulics Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 March 2015		842,000			842,000
At 29 February 2016		842,000			842,000
Depreciation
At 29 February 2016		-			-
Net book value
At 29 February 2016		842,000			842,000
At 28 February 2015		842,000			842,000

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Able Hydraulics Limited	England and Wales	Ordinary	100%	Provision of hydraulic engineering services and products

Page 2

Able Hydraulics Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		226,698			226,698			226,698			226,698
Ordinary A shares of £1 each		26,000			26,000			26,000			26,000
Ordinary B shares of £1 each		24,000			24,000			24,000			24,000
Ordinary C shares of £1 each		176,696			176,696			176,696			176,696
		453,394			453,394			453,394			453,394

4

Control

The company is controlled by Robsam Holdings Limited. A company which is owned 100% by the directors of Able Hydraulics Holdings Limited.

Page 3