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REGISTERED NUMBER: 05492477 (England and Wales)









Unaudited Financial Statements for the Year Ended 31 March 2025

for

Able Skills Limited

Able Skills Limited (Registered number: 05492477)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Able Skills Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: G Measures
Mrs A Wright





REGISTERED OFFICE: Unit K5
Riverside Industrial Estate
Riverside Way
Dartford
Kent
DA1 5BS





REGISTERED NUMBER: 05492477 (England and Wales)





ACCOUNTANTS: Shepherds Chartered Tax Advisers & Accountants
11A Kimberley Park Road
Falmouth
Cornwall
TR11 2DA

Able Skills Limited (Registered number: 05492477)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,542,250 6,537,659

CURRENT ASSETS
Debtors 5 1,437,874 1,387,373
Cash at bank 1,332,072 1,201,282
2,769,946 2,588,655
CREDITORS
Amounts falling due within one year 6 884,821 834,259
NET CURRENT ASSETS 1,885,125 1,754,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,427,375

8,292,055

CREDITORS
Amounts falling due after more than one
year

7

(331,826

)

(615,049

)

PROVISIONS FOR LIABILITIES (21,145 ) -
NET ASSETS 8,074,404 7,677,006

CAPITAL AND RESERVES
Called up share capital 75 75
Revaluation reserve 8 1,940,130 1,940,130
Retained earnings 6,134,199 5,736,801
8,074,404 7,677,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Able Skills Limited (Registered number: 05492477)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





G Measures - Director


Able Skills Limited (Registered number: 05492477)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Able Skills 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.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 39 (2024 - 40 ) .

Able Skills Limited (Registered number: 05492477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 6,429,461 435,106 6,864,567
Additions 1,500 40,187 41,687
At 31 March 2025 6,430,961 475,293 6,906,254
DEPRECIATION
At 1 April 2024 - 326,908 326,908
Charge for year - 37,096 37,096
At 31 March 2025 - 364,004 364,004
NET BOOK VALUE
At 31 March 2025 6,430,961 111,289 6,542,250
At 31 March 2024 6,429,461 108,198 6,537,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 1,437,874 1,387,373

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 16,967 25,500
Hire purchase contracts 412 2,470
Trade creditors 413,103 350,909
Taxation and social security 423,099 340,947
Other creditors 31,240 114,433
884,821 834,259

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 331,826 614,637
Hire purchase contracts - 412
331,826 615,049

8. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 1,940,130