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REGISTERED NUMBER: 10209616 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 June 2024

for

Cabability Ltd

Cabability Ltd (Registered number: 10209616)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Cabability Ltd (Registered number: 10209616)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,985 60,969

CURRENT ASSETS
Debtors 5 255,473 176,513
Cash at bank 103,112 37,671
358,585 214,184
CREDITORS
Amounts falling due within one year 6 136,048 137,055
NET CURRENT ASSETS 222,537 77,129
TOTAL ASSETS LESS CURRENT LIABILITIES 275,522 138,098

CREDITORS
Amounts falling due after more than one year 7 (161,621 ) (24,344 )

PROVISIONS FOR LIABILITIES (4,567 ) -
NET ASSETS 109,334 113,754

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 109,332 113,752
SHAREHOLDERS' FUNDS 109,334 113,754

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

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

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr A Mohammed - Director


Cabability Ltd (Registered number: 10209616)

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

1. STATUTORY INFORMATION

Cabability Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10209616

Registered office: 27 Havelock Place
Shelton
Stoke-On-Trent
Staffordshire
ST1 4PS

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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
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 13 (2023 - 10 ) .

Cabability Ltd (Registered number: 10209616)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 30 June 2023 2,151 122,235 11,176 135,562
Additions - 19,652 2,104 21,756
At 29 June 2024 2,151 141,887 13,280 157,318
DEPRECIATION
At 30 June 2023 1,485 63,691 9,417 74,593
Charge for year 167 28,013 1,560 29,740
At 29 June 2024 1,652 91,704 10,977 104,333
NET BOOK VALUE
At 29 June 2024 499 50,183 2,303 52,985
At 29 June 2023 666 58,544 1,759 60,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,942 56,912
Amounts owed by group undertakings 144,004 119,601
Other debtors 9,527 -
255,473 176,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 78,698 26,306
Trade creditors 5,221 -
Taxation and social security 44,689 76,157
Other creditors 7,440 34,592
136,048 137,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 161,621 24,344

8. SECURED DEBTS

Nucleus Cash Flow Finance loan have a charge against the property from which the company operates.