2ABLE_LTD - Accounts

2ABLE LTD - Company Information

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Company Registration No. 07080945 (England and Wales)

2ABLE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

2ABLE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2ABLE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

14,514

10,255

Cash at bank and in hand

11,791

1,170

26,305

11,425

Creditors: amounts falling due within one year

(23,152)

(9,144)

Total assets less current liabilities

3,153

2,281

Capital and reserves

Called up share capital

100

Profit and loss account

3,053

2,181

Shareholders' funds

3,153

2,281

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 September 2016

Mr Ben Crowley

Director

Company Registration No. 07080945

2ABLE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT . services net of VAT.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

As at the year end the Company owed Triangle Media Ltd, a company which is under common control of a director, B Williams, an amount of £11,950 (2015: £2,760). During the period an amount of £28,000 (net of VAT) (2015: £21,650) was invoiced to this company for services.

As at the year end the Company owed Position Focus, a company which is under common control of a director, B Crowley, an amount of £11,950 (2015: £2,760). During the period an amount of £28,000 (net of VAT) (2015: £17,300) was invoiced to this company for services of the director. The amounts owed to the connect companies are included within Trade Creditors

B Crowley, a director, maintains a loan account with the Company. At the year end the Company owed the Director £901 (2015: the Director owed the Company £49). The loan is interest free and repayable on demand.

B Williams, a director, maintains a loan account with the Company. At the year end the Company owed the Director £901 (2015: the Director owed the Company £49). The loan is interest free and repayable on demand.