1 July 2023 false No description of principal activity Taxfiler 2024.6 10243974business:PrivateLimitedCompanyLtd2023-07-012024-06-30 102439742023-06-30 102439742023-07-012024-06-30 10243974business:AuditExemptWithAccountantsReport2023-07-012024-06-30 10243974business:FilletedAccounts2023-07-012024-06-30 102439742024-06-30 10243974business:Director12023-07-012024-06-30 10243974business:RegisteredOffice2023-07-012024-06-30 102439742023-06-30 10243974core:WithinOneYear2024-06-30 10243974core:WithinOneYear2023-06-30 10243974core:AfterOneYear2024-06-30 10243974core:AfterOneYear2023-06-30 10243974core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10243974core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10243974core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10243974core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10243974core:PreviouslyStatedAmount2024-06-30 10243974core:PreviouslyStatedAmount2023-06-30 10243974business:SmallEntities2023-07-012024-06-30 10243974countries:EnglandWales2023-07-012024-06-30 10243974core:LandBuildings2023-07-012024-06-30 10243974core:PlantMachinery2023-07-012024-06-30 10243974core:MotorVehicles2023-07-012024-06-30 10243974core:FurnitureFittings2023-07-012024-06-30 10243974core:ComputerEquipment2023-07-012024-06-30 10243974core:LandBuildings2023-06-30 10243974core:PlantMachinery2023-06-30 10243974core:MotorVehicles2023-06-30 10243974core:FurnitureFittings2023-06-30 10243974core:ComputerEquipment2023-06-30 10243974core:LandBuildings2024-06-30 10243974core:PlantMachinery2024-06-30 10243974core:MotorVehicles2024-06-30 10243974core:FurnitureFittings2024-06-30 10243974core:ComputerEquipment2024-06-30 10243974business:OrdinaryShareClass12023-07-012024-06-30 10243974business:OrdinaryShareClass12022-07-012023-06-30 10243974business:Director112023-07-012024-06-30 10243974business:Director112023-06-30 10243974business:Director112024-06-30 10243974business:Director122023-07-012024-06-30 10243974business:Director122023-06-30 10243974business:Director122024-06-30 102439742022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
ABILITY OPTIONS LTD Company Information for the year ended 30 June 2024
Director
Lynn Barber
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
- 3 -
ABILITY OPTIONS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
376,945 
263,420 
Current assets
Debtors
203,122 
123,476 
Cash at bank and in hand
32,657 
69,096 
235,779 
192,572 
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 
Capital and reserves
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
- 4 -
ABILITY OPTIONS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
- 5 -
ABILITY OPTIONS LTD Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
109,227 
34,941 
Accrued income and prepayments
3,220 
7,553 
112,447 
42,494 
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)
Accruals
50,465 
29,554 
Deferred income
3,014 
33,000 
187,213 
126,682 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
91,607 
106,041 
Obligations under finance leases and hire purchase contracts
40,714 
20,688 
Loans from directors
(57,004)
- 
75,317 
126,729 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lynn Barber
Directors Loan
10,000 
45,750 
- 
55,750 
Interest charged at 2.25%
- 
1,254 
- 
1,254 
10,000 
47,004 
- 
57,004 
10
Transactions with related parties
WLA Properties Ltd owes Ability Options £90,675 at year end.
- 6 -
ABILITY OPTIONS LTD Notes to the Accounts for the year ended 30 June 2024
11
Controlling party
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).
- 7 -