Abbreviated Company Accounts - ABLELINK CONSULTANTS LIMITED

Abbreviated Company Accounts - ABLELINK CONSULTANTS LIMITED


Registered Number 07097482

ABLELINK CONSULTANTS LIMITED

Abbreviated Accounts

31 December 2013

ABLELINK CONSULTANTS LIMITED Registered Number 07097482

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Current assets
Debtors 40,657 -
Cash at bank and in hand 1 1
40,658 1
Creditors: amounts falling due within one year (45,228) -
Net current assets (liabilities) (4,570) 1
Total assets less current liabilities (4,570) 1
Total net assets (liabilities) (4,570) 1
Capital and reserves
Called up share capital 2 1,000 1
Profit and loss account (5,570) -
Shareholders' funds (4,570) 1
  • For the year ending 31 December 2013 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 29 September 2014

And signed on their behalf by:
Mr G Lee, Director

ABLELINK CONSULTANTS LIMITED Registered Number 07097482

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from material timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Going concern
As at the balance sheet date, the company had net liabilities of £ 4,570 and loss for the period of £5,570.
The director is of the opinion that the company will improve its profitability and generate sufficient funds in the foreseeable future to pay its debts and liabilities as and when they arise. On this basis, the director considers that the company will continue in operational existence in the future.

2Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
1,000 Ordinary shares of £1 each (1 share for 2012) 1,000 1