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REGISTERED NUMBER: 06398756 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Able-X Consulting Limited

Able-X Consulting Limited (Registered number: 06398756)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Able-X Consulting Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A J Cardrick





SECRETARY: Mrs J A Cardrick





REGISTERED OFFICE: Lexham House
Forest Road
Binfield
Bracknell
Berkshire
RG42 4HP





REGISTERED NUMBER: 06398756 (England and Wales)





ACCOUNTANTS: EDMONDS ACCOUNTANCY LIMITED
Unit 11, Diddenham Bus Park,
Diddenham Court
Grazeley,
READING
Berkshire
RG7 1JQ

Able-X Consulting Limited (Registered number: 06398756)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,939 26,885

CURRENT ASSETS
Debtors 5 75,770 43,885
Cash at bank 21,800 23,791
97,570 67,676
CREDITORS
Amounts falling due within one year 6 40,787 40,811
NET CURRENT ASSETS 56,783 26,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,722

53,750

CREDITORS
Amounts falling due after more than one
year

7

(6,108

)

(10,757

)

PROVISIONS FOR LIABILITIES (4,174 ) (5,108 )
NET ASSETS 68,440 37,885

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 68,339 37,784
SHAREHOLDERS' FUNDS 68,440 37,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Able-X Consulting Limited (Registered number: 06398756)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





A J Cardrick - Director


Able-X Consulting Limited (Registered number: 06398756)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Able-X Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the provision of services as the contractual activity progresses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 20% on reducing balance
Motor Vehicles - 20% on reducing balance
Computer Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Able-X Consulting Limited (Registered number: 06398756)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 45,127
Additions 1,389
At 31 March 2023 46,516
DEPRECIATION
At 1 April 2022 18,242
Charge for year 6,335
At 31 March 2023 24,577
NET BOOK VALUE
At 31 March 2023 21,939
At 31 March 2022 26,885

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 75,770 43,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 4,607 4,330
Trade creditors 71 -
Taxation and social security 34,271 33,034
Other creditors 1,838 3,447
40,787 40,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 6,108 10,757