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Registration number: 07359660

Able Install Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Able Install Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Able Install Ltd

Company Information

Director

Mr R Ablett

Registered office

New Forest Back Office,Suite 16
South Street Centre, South Street
Hythe
Southampton
Hampshire
SO45 6EB

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Able Install Ltd

(Registration number: 07359660)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,300

4,003

Current assets

 

Stocks

5

5,000

5,000

Debtors

6

58,470

25,009

Cash at bank and in hand

 

2,378

5,059

 

65,848

35,068

Creditors: Amounts falling due within one year

7

(69,024)

(43,226)

Net current liabilities

 

(3,176)

(8,158)

Total assets less current liabilities

 

124

(4,155)

Creditors: Amounts falling due after more than one year

7

-

(1,938)

Net assets/(liabilities)

 

124

(6,093)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

123

(6,094)

Shareholders' funds/(deficit)

 

124

(6,093)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 8 November 2023
 

.........................................
Mr R Ablett
Director

 

Able Install Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
New Forest Back Office,Suite 16
South Street Centre, South Street
Hythe
Southampton
Hampshire
SO45 6EB

These financial statements were authorised for issue by the director on 8 November 2023.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

18% on written down value method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Able Install Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2022

23,400

23,400

At 31 August 2023

23,400

23,400

Depreciation

At 1 September 2022

19,397

19,397

Charge for the year

703

703

At 31 August 2023

20,100

20,100

Carrying amount

At 31 August 2023

3,300

3,300

At 31 August 2022

4,003

4,003

5

Stocks

2023
£

2022
£

Other inventories

5,000

5,000

6

Debtors

Current

2023
£

2022
£

Trade debtors

54,662

13,915

Other debtors

3,808

11,094

 

58,470

25,009

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

51,099

12,252

Taxation and social security

17,613

29,362

Accruals and deferred income

312

1,612

69,024

43,226

 

Able Install Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

-

1,938