Company Registration No. 10243974 (England and Wales)
ABILITY OPTIONS LTD
Unaudited accounts
for the year ended 30 June 2024
ABILITY OPTIONS LTD
Unaudited accounts
Contents
ABILITY OPTIONS LTD
Company Information
for the year ended 30 June 2024
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 2024
Tangible assets
376,945
263,420
Cash at bank and in hand
32,657
69,096
Creditors: amounts falling due within one year
(187,213)
(126,682)
Net current assets
48,566
65,890
Total assets less current liabilities
425,511
329,310
Creditors: amounts falling due after more than one year
(75,317)
(126,729)
Net assets
350,194
202,581
Called up share capital
1
1
Profit and loss account
350,193
202,580
Shareholders' funds
350,194
202,581
For the year ending 30 June 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 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 16 March 2025 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 2024
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 2023
152,162
37,723
71,026
60,279
3,496
324,686
Additions
83,000
-
60,435
13,702
-
157,137
At 30 June 2024
235,162
37,723
131,461
73,981
3,496
481,823
At 1 July 2023
-
11,316
31,562
15,479
2,909
61,266
Charge for the year
-
3,772
24,975
14,572
293
43,612
At 30 June 2024
-
15,088
56,537
30,051
3,202
104,878
At 30 June 2024
235,162
22,635
74,924
43,930
294
376,945
At 30 June 2023
152,162
26,407
39,464
44,800
587
263,420
ABILITY OPTIONS LTD
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
109,227
34,941
Accrued income and prepayments
3,220
7,553
Amounts falling due after more than one year
Amounts due from group undertakings etc.
90,675
80,982
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,886
11,974
Obligations under finance leases and hire purchase contracts
16,579
11,442
Taxes and social security
104,269
50,712
Loans from directors
-
(10,000)
Deferred income
3,014
33,000
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
40,714
20,688
Loans from directors
(57,004)
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
10,000
45,750
-
55,750
Interest charged at 2.25%
-
1,254
-
1,254
10
Transactions with related parties
WLA Properties Ltd owes Ability Options £90,675 at year end.
ABILITY OPTIONS LTD
Notes to the Accounts
for the year ended 30 June 2024
Life Without Barriers Holdings Ltd, 2 De Trafford Street, Huddersfield, HD4 5DR
12
Average number of employees
During the year the average number of employees was 30 (2023: 23).