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
ABILITY OPTIONS LTD
Company Information
for the year ended 30 June 2023
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
ABILITY OPTIONS LTD
Statement of financial position
as at 30 June 2023
Tangible assets
263,420
215,069
Cash at bank and in hand
69,096
85,873
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
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
ABILITY OPTIONS LTD
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
ABILITY OPTIONS LTD
Notes to the Accounts
for the year ended 30 June 2023
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
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
Loans from directors
(10,000)
30,040
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
8
Average number of employees
During the year the average number of employees was 23 (2022: 14).