1 July 2022 false No description of principal activity Taxfiler 2023.14 10243974business:PrivateLimitedCompanyLtd2022-07-012023-06-30 102439742022-06-30 102439742022-07-012023-06-30 10243974business:AuditExemptWithAccountantsReport2022-07-012023-06-30 10243974business:FilletedAccounts2022-07-012023-06-30 102439742023-06-30 10243974business:Director12022-07-012023-06-30 10243974business:RegisteredOffice2022-07-012023-06-30 102439742022-06-30 10243974core:WithinOneYear2023-06-30 10243974core:WithinOneYear2022-06-30 10243974core:AfterOneYear2023-06-30 10243974core:AfterOneYear2022-06-30 10243974core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10243974core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 10243974core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10243974core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 10243974core:PreviouslyStatedAmount2023-06-30 10243974core:PreviouslyStatedAmount2022-06-30 10243974business:SmallEntities2022-07-012023-06-30 10243974countries:EnglandWales2022-07-012023-06-30 10243974core:LandBuildings2022-07-012023-06-30 10243974core:PlantMachinery2022-07-012023-06-30 10243974core:MotorVehicles2022-07-012023-06-30 10243974core:FurnitureFittings2022-07-012023-06-30 10243974core:ComputerEquipment2022-07-012023-06-30 10243974core:LandBuildings2022-06-30 10243974core:PlantMachinery2022-06-30 10243974core:MotorVehicles2022-06-30 10243974core:FurnitureFittings2022-06-30 10243974core:ComputerEquipment2022-06-30 10243974core:LandBuildings2023-06-30 10243974core:PlantMachinery2023-06-30 10243974core:MotorVehicles2023-06-30 10243974core:FurnitureFittings2023-06-30 10243974core:ComputerEquipment2023-06-30 102439742021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10243974 (England and Wales)
ABILITY OPTIONS LTD Unaudited accounts for the year ended 30 June 2023
ABILITY OPTIONS LTD Unaudited accounts Contents
Page
- 2 -
ABILITY OPTIONS LTD Company Information for the year ended 30 June 2023
Director
Lynn Barber
Company Number
10243974 (England and Wales)
Registered Office
2 De Trafford Street Crossland Moor Huddersfield HD4 5DR
Accountants
Swift Accountancy (Holmfirth) Ltd Old Thorn Yew Tree Lane Holmbridge Holmfirth West Yorkshire HD9 2NR
- 3 -
ABILITY OPTIONS LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
263,420 
215,069 
Current assets
Debtors
123,476 
124,713 
Cash at bank and in hand
69,096 
85,873 
192,572 
210,586 
Creditors: amounts falling due within one year
(126,682)
(106,054)
Net current assets
65,890 
104,532 
Total assets less current liabilities
329,310 
319,601 
Creditors: amounts falling due after more than one year
(126,729)
(116,905)
Net assets
202,581 
202,696 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
202,580 
202,695 
Shareholders' funds
202,581 
202,696 
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 20 February 2024 and were signed on its behalf by
Lynn Barber Director Company Registration No. 10243974
- 4 -
ABILITY OPTIONS LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
ABILITY OPTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10243974. The registered office is 2 De Trafford Street, Crossland Moor, Huddersfield, HD4 5DR.
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.
Presentation currency
The accounts are presented in £ sterling.
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 Year Depreciation period
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
33.3% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
152,162 
37,723 
34,890 
21,244 
2,616 
248,635 
Additions
- 
- 
36,136 
39,035 
880 
76,051 
At 30 June 2023
152,162 
37,723 
71,026 
60,279 
3,496 
324,686 
Depreciation
At 1 July 2022
- 
7,544 
20,100 
3,461 
2,461 
33,566 
Charge for the year
- 
3,772 
11,462 
12,018 
448 
27,700 
At 30 June 2023
- 
11,316 
31,562 
15,479 
2,909 
61,266 
Net book value
At 30 June 2023
152,162 
26,407 
39,464 
44,800 
587 
263,420 
At 30 June 2022
152,162 
30,179 
14,790 
17,783 
155 
215,069 
- 5 -
ABILITY OPTIONS LTD Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,941 
41,934 
Amounts due from group undertakings etc.
- 
74,746 
Accrued income and prepayments
7,553 
8,033 
42,494 
124,713 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
80,982 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,974 
17,000 
Obligations under finance leases and hire purchase contracts
11,442 
2,835 
Taxes and social security
50,712 
43,988 
Other creditors
- 
65 
Loans from directors
(10,000)
30,040 
Accruals
29,554 
12,126 
Deferred income
33,000 
- 
126,682 
106,054 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
106,041 
111,976 
Obligations under finance leases and hire purchase contracts
20,688 
4,929 
126,729 
116,905 
8
Average number of employees
During the year the average number of employees was 23 (2022: 14).
- 6 -