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REGISTERED NUMBER: 05391477 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Able Canopies Limited

Able Canopies Limited (Registered number: 05391477)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Able Canopies Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr S Jerram
Mr M Wood
Mrs T Meakins





REGISTERED OFFICE: 9-11 Faraday Close
Clacton-On-Sea
Essex
CO15 4TR





REGISTERED NUMBER: 05391477 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Able Canopies Limited (Registered number: 05391477)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 60,737 34,330
60,737 34,330

CURRENT ASSETS
Stocks 96,628 154,112
Debtors 6 552,452 565,333
Cash at bank and in hand 1,561,842 1,338,495
2,210,922 2,057,940
CREDITORS
Amounts falling due within one year 7 983,084 722,709
NET CURRENT ASSETS 1,227,838 1,335,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,288,575

1,369,561

CREDITORS
Amounts falling due after more than one year 8 (17,926 ) -

PROVISIONS FOR LIABILITIES (217,372 ) (200,706 )
NET ASSETS 1,053,277 1,168,855

CAPITAL AND RESERVES
Called up share capital 100 100
Share Purchase Account (1,983,249 ) (983,250 )
Retained earnings 3,036,426 2,152,005
1,053,277 1,168,855

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

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

The directors acknowledge their 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 Canopies Limited (Registered number: 05391477)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:




Mr M Wood - Director Mrs T Meakins - Director




Mr S Jerram - Director


Able Canopies Limited (Registered number: 05391477)

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

1. STATUTORY INFORMATION

Able Canopies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

Able Canopies Limited (Registered number: 05391477)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 16,000
AMORTISATION
At 1 June 2022
and 31 May 2023 16,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 19,627 36,293 48,900 63,933 168,753
Additions - 717 41,980 336 43,033
Disposals - - (11,400 ) - (11,400 )
At 31 May 2023 19,627 37,010 79,480 64,269 200,386
DEPRECIATION
At 1 June 2022 14,304 33,363 36,621 50,135 134,423
Charge for year 1,460 830 7,939 4,885 15,114
Eliminated on disposal - - (9,888 ) - (9,888 )
At 31 May 2023 15,764 34,193 34,672 55,020 139,649
NET BOOK VALUE
At 31 May 2023 3,863 2,817 44,808 9,249 60,737
At 31 May 2022 5,323 2,930 12,279 13,798 34,330

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 482,032 447,324
Other debtors 70,420 118,009
552,452 565,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 1,622 1,705
Hire purchase contracts 10,651 -
Trade creditors 105,396 202,612
Taxation and social security 252,116 270,459
Other creditors 613,299 247,933
983,084 722,709

Able Canopies Limited (Registered number: 05391477)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 17,926 -

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £58,138.