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Company Registration No. 04670231 (England and Wales)
Able Law Ltd Unaudited accounts for the year ended 31 March 2023
Able Law Ltd Unaudited accounts Contents
Page
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Able Law Ltd Company Information for the year ended 31 March 2023
Directors
Richard Compton Margaret Compton
Company Number
04670231 (England and Wales)
Registered Office
1 Thirlmere Road BEXLEYHEATH Kent DA7 6PU England
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Able Law Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,485 
8,647 
Current assets
Debtors
(500)
70 
Cash at bank and in hand
11,303 
12,006 
10,803 
12,076 
Creditors: amounts falling due within one year
(5,508)
(19,230)
Net current assets/(liabilities)
5,295 
(7,154)
Net assets
11,780 
1,493 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
11,778 
1,491 
Shareholders' funds
11,780 
1,493 
For the year ending 31 March 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
Richard Compton Director Company Registration No. 04670231
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Able Law Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Able Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 04670231. The registered office is 1 Thirlmere Road, , BEXLEYHEATH, Kent, DA7 6PU, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Fixtures & fittings
- 20% p.a. on reducing balance
Computer equipment
- 25% p.a. on reducing balance
Presentation currency
The accounts are presented in £ sterling.
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Able Law Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
16,600 
At 31 March 2023
16,600 
Depreciation
At 1 April 2022
7,953 
Charge for the year
2,162 
At 31 March 2023
10,115 
Net book value
At 31 March 2023
6,485 
At 31 March 2022
8,647 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(500)
70 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,969 
1,673 
Trade creditors
- 
88 
Taxes and social security
2,189 
13,852 
Other creditors
350 
351 
Accruals
- 
3,266 
5,508 
19,230 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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