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REGISTERED NUMBER: 03665932 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Able-to-Enable Limited

Able-to-Enable Limited (Registered number: 03665932)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Able-to-Enable Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: L Gibson





REGISTERED OFFICE: Crockey Hill
York
North Yorkshire
YO19 4SJ





REGISTERED NUMBER: 03665932 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Able-to-Enable Limited (Registered number: 03665932)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,669 19,786

CURRENT ASSETS
Stocks 5 262,082 221,579
Debtors 6 75,641 51,207
Cash at bank and in hand 318,590 198,998
656,313 471,784
CREDITORS
Amounts falling due within one year 7 256,747 177,596
NET CURRENT ASSETS 399,566 294,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,235

313,974

PROVISIONS FOR LIABILITIES 10 9,828 4,000
NET ASSETS 433,407 309,974

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 433,307 309,874
SHAREHOLDERS' FUNDS 433,407 309,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Able-to-Enable Limited (Registered number: 03665932)

Balance Sheet - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





L Gibson - Director


Able-to-Enable Limited (Registered number: 03665932)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Able-to-Enable Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when a contract for the sale of goods and/or services is determined as unconditional.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

Government grants
Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Revenue based grants are credited to the profit and loss account on receipt.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Able-to-Enable Limited (Registered number: 03665932)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 5,164 3,653 45,095
Additions 15,858 5,150 1,988
Disposals - - -
At 29 February 2024 21,022 8,803 47,083
DEPRECIATION
At 1 March 2023 5,164 3,638 40,620
Charge for year 757 600 1,637
Eliminated on disposal - - -
At 29 February 2024 5,921 4,238 42,257
NET BOOK VALUE
At 29 February 2024 15,101 4,565 4,826
At 28 February 2023 - 15 4,475

Able-to-Enable Limited (Registered number: 03665932)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 38,622 12,342 104,876
Additions 8,324 570 31,890
Disposals (1,935 ) - (1,935 )
At 29 February 2024 45,011 12,912 134,831
DEPRECIATION
At 1 March 2023 30,928 4,740 85,090
Charge for year 3,119 1,894 8,007
Eliminated on disposal (1,935 ) - (1,935 )
At 29 February 2024 32,112 6,634 91,162
NET BOOK VALUE
At 29 February 2024 12,899 6,278 43,669
At 28 February 2023 7,694 7,602 19,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 17,400
Transfer to ownership (17,400 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 17,400
Transfer to ownership (17,400 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. STOCKS
2024 2023
£    £   
Stocks 262,082 221,579

Able-to-Enable Limited (Registered number: 03665932)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,295 37,150
VAT 6,031 9,501
Prepayments and accrued income 5,315 4,556
75,641 51,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 2,361
Trade creditors 155,052 109,709
Taxation and social security 73,495 52,233
Other creditors 3,405 3,259
Directors' current accounts 748 436
Accruals and deferred income 24,047 9,598
256,747 177,596

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 2,361

Non-cancellable operating leases
2024 2023
£    £   
Within one year 36,598 47,710
Between one and five years - 27,918
36,598 75,628

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 2,361

Hire purchase contracts are secured against the assets to which they relate.

Able-to-Enable Limited (Registered number: 03665932)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,828 4,000

Deferred
tax
£   
Balance at 1 March 2023 4,000
Provided during year 5,828
Balance at 29 February 2024 9,828

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
95 A Ordinary £1 95 95
5 B Ordinary £1 5 5
100 100

12. RELATED PARTY DISCLOSURES

2024 2023
£ £
Personnel of the entity:

Amount due to the director 748 436

No interest has been charged.