Company registration number 11309435 (England and Wales)
Ability Bathe (Devon) Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Ability Bathe (Devon) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Ability Bathe (Devon) Ltd
Statement of financial position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
48,867
65,156
Current assets
Debtors
5
203,716
108,708
Cash at bank and in hand
17,358
17,360
221,074
126,068
Creditors: amounts falling due within one year
6
(216,576)
(110,432)
Net current assets
4,498
15,636
Total assets less current liabilities
53,365
80,792
Creditors: amounts falling due after more than one year
7
(40,808)
(62,247)
Provisions for liabilities
(9,285)
(12,380)
Net assets
3,272
6,165
Capital and reserves
Called up share capital
8
112
106
Profit and loss reserves
3,160
6,059
Total equity
3,272
6,165
Ability Bathe (Devon) Ltd
Statement of financial position (continued)
as at 31 March 2024
- 2 -

For the financial 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 October 2024 and are signed on its behalf by:
A Ward
Director
Company registration number 11309435 (England and Wales)
Ability Bathe (Devon) Ltd
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% Reducing balance
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Ability Bathe (Devon) Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
55,311
28,777
Deferred tax
Origination and reversal of timing differences
(3,095)
12,380
Total tax charge
52,216
41,157
4
Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 and 31 March 2024
93,014
Depreciation and impairment
At 1 April 2023
27,858
Depreciation charged in the year
16,289
At 31 March 2024
44,147
Carrying amount
At 31 March 2024
48,867
At 31 March 2023
65,156
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
203,622
108,708
Other debtors
94
-
0
203,716
108,708
Ability Bathe (Devon) Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
11,137
11,137
Obligations under hire purchase contracts
10,592
10,592
Trade creditors
43,678
18,180
Corporation tax
80,285
49,134
Other taxation and social security
9,536
2,051
Other creditors
2,528
-
0
Accruals and deferred income
58,820
19,338
216,576
110,432

The bank loan is secured. Obligations under hire purchase contracts are secured on the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
16,975
27,822
Obligations under hire purchase contracts
23,833
34,425
40,808
62,247

The bank loan is secured. Obligations under hire purchase contracts are secured on the assets to which they relate.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
100
100
100
100
B Ordinary shares of £1 each
9
6
9
6
C Ordinary shares of £1 each
3
-
3
-
112
106
112
106
9
Parent company

The parent company is Ability Bathe Holdings Limited and its registered office is West House, King Cross Road, Halifax, HX1 1EB.

10
Company information

Ability Bathe (Devon) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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