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Able 2 Train Ltd
Registered Number:06012755
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Able 2 Train Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06012755
As at 31 March 2024
Able 2 Train Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
11,849
14,257
3
11,849
14,257
Current assets
Inventories
300
190
4
Trade and other receivables
27,688
17,059
5
19,107
Cash and cash equivalents
16,127
33,376
47,095
Trade and other payables: amounts falling due within one
year
(40,372)
(28,839)
6
6,723
4,537
Net current assets
Total assets less current liabilities
16,386
20,980
16,386
Net assets
20,980
Capital and reserves
Called up share capital
4
4
Retained earnings
16,382
20,976
16,386
20,980
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Christopher H Brownfield Director
These financial statements were approved and authorised for issue by the Board on 03 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Able 2 Train Ltd
Notes to the Financial Statements
Statutory Information
Able 2 Train Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
06012755.
Registered address:
17 Wedgewood Drive
Portskewett
Caldicot
NP26 5TL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar 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 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
25 Reducing balance
Fixtures and fittings
Inventories
Inventories are value 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 straightline basis over the period of the lease.
2 of 4
5
For the year ended 31 March 2024
Able 2 Train Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
30,000
At 31 March 2024
30,000
Amortisation
At 01 April 2023
30,000
At 31 March 2024
30,000
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2023
67,682
13,542
1,017
32,659
20,464
1,542
160
-
-
1,382
Additions
At 31 March 2024
32,659
1,017
13,702
69,224
21,846
Provision for depreciation and impairment
At 01 April 2023
53,425
11,821
254
25,108
16,242
Charge for year
3,950
470
191
1,888
1,401
At 31 March 2024
57,375
12,291
445
26,996
17,643
At 31 March 2024
Net book value
4,203
5,663
572
1,411
11,849
At 31 March 2023
4,222
7,551
763
1,721
14,257
4. Inventories
2023
2024
£
£
Stocks
190
300
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6
For the year ended 31 March 2024
Able 2 Train Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
15,982
26,952
Other debtors
1,077
736
27,688
17,059
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,070
-
Trade creditors
-
2,770
Taxation and social security
19,282
23,993
Other creditors
7,487
13,609
28,839
40,372
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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