Company Registration No. 03025979 (England and Wales)
Ableclean Limited
Unaudited accounts
for the year ended 31 March 2019
Ableclean Limited
Unaudited accounts
Contents
Ableclean Limited
Company Information
for the year ended 31 March 2019
Directors
David Haggan
Lee Haggan
Carol Haggan
Company Number
03025979 (England and Wales)
Registered Office
3 Lowthian Road
Hartlepool
TS24 8BH
Accountants
J W Smith & Co Ltd
JWS Hopper Hill Road
Scarborough
N Yorks
YO11 3YS
Ableclean Limited
Statement of financial position
as at
31 March 2019
Intangible assets
98,910
98,910
Tangible assets
217,160
233,965
Inventories
31,816
31,816
Cash at bank and in hand
2,795
8,602
Creditors: amounts falling due within one year
(422,213)
(473,700)
Net current liabilities
(101,530)
(69,450)
Total assets less current liabilities
214,540
263,425
Creditors: amounts falling due after more than one year
(66,244)
(90,315)
Provisions for liabilities
Deferred tax
(4,459)
(6,566)
Net assets
143,837
166,544
Called up share capital
20,100
20,100
Share premium
9,900
9,900
Revaluation reserve
53,464
53,464
Profit and loss account
60,373
83,080
Shareholders' funds
143,837
166,544
For the year ending 31 March 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 3 December 2019.
David Haggan
Director
Company Registration No. 03025979
Ableclean Limited
Notes to the Accounts
for the year ended 31 March 2019
Ableclean Limited is a private company, limited by shares, registered in England and Wales, registration number 03025979. The registered office is 3 Lowthian Road, Hartlepool, TS24 8BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. On an annual basis the carrying value of the goodwill is considered by the directors and in the event of a reduction this reduction is taken to profit and loss account in the year of reduction.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
10% reducing balance
Motor vehicles
12.5% to 25% reducing balance
Ableclean Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
101,000
136,636
182,943
420,579
At 31 March 2019
101,000
136,636
182,943
420,579
At 1 April 2018
-
127,052
59,562
186,614
Charge for the year
-
958
15,847
16,805
At 31 March 2019
-
128,010
75,409
203,419
At 31 March 2019
101,000
8,626
107,534
217,160
At 31 March 2018
101,000
9,584
123,381
233,965
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
107,449
123,267
Work in progress
30,000
30,000
Finished goods
1,816
1,816
Trade debtors
207,709
277,301
Accrued income and prepayments
210
210
Other debtors
78,153
86,321
Ableclean Limited
Notes to the Accounts
for the year ended 31 March 2019
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
30,880
93,418
Obligations under finance leases and hire purchase contracts
24,332
24,332
Trade creditors
33,577
26,157
Taxes and social security
151,914
82,828
Other creditors
141,428
203,883
Loans from directors
21,540
9,540
9
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
66,244
87,236
10
Average number of employees
During the year the average number of employees was 0 (2018: 0).