Company Registration No. 03025979 (England and Wales)
ABLECLEAN LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
ABLECLEAN LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABLECLEAN LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
102,810
102,810
Tangible assets
2
209,146
196,822
311,956
299,632
Current assets
Stocks
1,816
1,816
Debtors
334,571
241,471
Cash at bank and in hand
4,375
538
340,762
243,825
Creditors: amounts falling due within one year
(406,997)
(337,319)
Net current liabilities
(66,235)
(93,494)
Total assets less current liabilities
245,721
206,138
Creditors: amounts falling due after more than one year
(95,269)
(69,783)
Provisions for liabilities
(6,566)
(6,736)
143,886
129,619
Capital and reserves
Called up share capital
3
20,100
20,100
Share premium account
9,900
9,900
Revaluation reserve
53,464
53,464
Profit and loss account
60,422
46,155
Shareholders' funds
143,886
129,619
ABLECLEAN LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 2015 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 23 October 2015
Mr D Haggan
Director
Company Registration No. 03025979
ABLECLEAN LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
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 April 2008).
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 goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is valued by the directors on an annual basis. To the extent that any diminution in value is determined this reduction is written off to the profit & loss account in that year.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
0%
Plant and machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost or valuation
At 1 April 2014
104,760
358,355
463,115
Additions
-
85,906
85,906
Disposals
-
(68,394)
(68,394)
At 31 March 2015
104,760
375,867
480,627
Depreciation
At 1 April 2014
1,950
161,533
163,483
On disposals
-
(22,167)
(22,167)
Charge for the year
-
27,355
27,355
At 31 March 2015
1,950
166,721
168,671
Net book value
At 31 March 2015
102,810
209,146
311,956
At 31 March 2014
102,810
196,822
299,632
ABLECLEAN LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
20,000 Preference of £1 each
20,000
20,000
20,100
20,100
4
Ultimate parent company
The company is in the overall control of its directors and their family interests.