Registered number
02614526
Able Data Installations Limited
Filleted Accounts
31 March 2025
Able Data Installations Limited
Registered number: 02614526
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 15,271 13,548
Current assets
Stocks 250,968 249,288
Debtors 4 300,697 334,423
Cash at bank and in hand 208,608 131,385
760,273 715,096
Creditors: amounts falling due within one year 5 (364,313) (505,260)
Net current assets 395,960 209,836
Total assets less current liabilities 411,231 223,384
Creditors: amounts falling due after more than one year 6 - (11,091)
Net assets 411,231 212,293
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 311,231 112,293
Shareholders' funds 411,231 212,293
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C E Tuckwell
Director
Approved by the board on 22 June 2025
Able Data Installations Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 23 24
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 118,632
Additions 9,074
At 31 March 2025 127,706
Depreciation
At 1 April 2024 105,084
Charge for the year 7,351
At 31 March 2025 112,435
Net book value
At 31 March 2025 15,271
At 31 March 2024 13,548
4 Debtors 2025 2024
£ £
Trade debtors 147,414 186,651
Amounts owed by group undertakings and undertakings in which the company has a participating interest 116,624 115,263
Other debtors 36,659 32,509
300,697 334,423
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 11,062 10,648
Trade creditors 140,560 209,632
Taxation and social security costs 67,936 51,325
Other creditors 144,755 233,655
364,313 505,260
There was no amount owed to any director at the balance sheet date (2024: £31,000)
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 11,091
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 68,333 68,333
8 Other information
Able Data Installations Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10
Abbots Business Park
Kings Langley
Herts
WD4 8FR
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