Company Registration No. 06770509 (England and Wales)
Ablestoke Limited
Unaudited accounts
for the year ended 31 March 2024
Ablestoke Limited
Unaudited accounts
Contents
Ablestoke Limited
Company Information
for the year ended 31 March 2024
Directors
Lee Wells
Neil Mutton
Company Number
06770509 (England and Wales)
Registered Office
Admirals Offices
Main Gate Road
The Historic Dockyard
Chatham
Kent
ME4 4TZ
England
Ablestoke Limited
Statement of financial position
as at 31 March 2024
Tangible assets
11,769
14,810
Cash at bank and in hand
132,653
94,355
Creditors: amounts falling due within one year
(122,337)
(97,092)
Net current assets
28,974
15,863
Called up share capital
5
5
Profit and loss account
40,738
30,668
Shareholders' funds
40,743
30,673
For the year ending 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 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 17 June 2024 and were signed on its behalf by
Lee Wells
Director
Company Registration No. 06770509
Ablestoke Limited
Notes to the Accounts
for the year ended 31 March 2024
Ablestoke Limited is a private company, limited by shares, registered in England and Wales, registration number 06770509. The registered office is Admirals Offices, Main Gate Road, The Historic Dockyard, Chatham, Kent, ME4 4TZ, 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.
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.
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.
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:
Computer equipment
33% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ablestoke Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
525
58,871
59,396
At 31 March 2024
525
68,363
68,888
At 1 April 2023
525
44,061
44,586
Charge for the year
-
12,533
12,533
At 31 March 2024
525
56,594
57,119
At 31 March 2024
-
11,769
11,769
At 31 March 2023
-
14,810
14,810
Amounts falling due within one year
Other debtors
18,600
18,600
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
39,932
Trade creditors
9,484
10,198
Taxes and social security
8,677
8,387
Other creditors
104,176
38,523
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).