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Company Registration No. 03119771 (England and Wales)
Able Electrical Inspection Limited Unaudited accounts for the year ended 30 November 2024
Able Electrical Inspection Limited Unaudited accounts Contents
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Able Electrical Inspection Limited Company Information for the year ended 30 November 2024
Directors
D Connors G Connors
Secretary
Karen Mary Connors
Company Number
03119771 (England and Wales)
Registered Office
12 MARK ROAD HEMEL HEMPSTEAD INDUSTRIAL ESTATE HEMEL HEMPSTEAD HP2 7BN ENGLAND
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Able Electrical Inspection Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,373 
22,976 
Current assets
Debtors
1,677,620 
1,701,384 
Cash at bank and in hand
97,632 
13,139 
1,775,252 
1,714,523 
Creditors: amounts falling due within one year
(1,435,439)
(1,436,099)
Net current assets
339,813 
278,424 
Total assets less current liabilities
385,186 
301,400 
Creditors: amounts falling due after more than one year
(13,901)
(17,501)
Provisions for liabilities
Deferred tax
- 
(1,664)
Net assets
371,285 
282,235 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
371,183 
282,133 
Shareholders' funds
371,285 
282,235 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by
D Connors Director Company Registration No. 03119771
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Able Electrical Inspection Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Able Electrical Inspection Limited is a private company, limited by shares, registered in England and Wales, registration number 03119771. The registered office is 12 MARK ROAD, HEMEL HEMPSTEAD INDUSTRIAL ESTATE, HEMEL HEMPSTEAD, HP2 7BN, ENGLAND.
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:
Plant & machinery
33% Straight Line
Motor vehicles
33% Straight Line and 20% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Able Electrical Inspection Limited Notes to the Accounts for the year ended 30 November 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
7,796 
78,855 
86,651 
Additions
2,688 
40,195 
42,883 
At 30 November 2024
10,484 
119,050 
129,534 
Depreciation
At 1 December 2023
7,208 
56,467 
63,675 
Charge for the year
1,420 
19,066 
20,486 
At 30 November 2024
8,628 
75,533 
84,161 
Net book value
At 30 November 2024
1,856 
43,517 
45,373 
At 30 November 2023
588 
22,388 
22,976 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
231,339 
200,789 
Trade debtors
978,140 
1,100,740 
Accrued income and prepayments
464,891 
396,605 
Other debtors
3,250 
3,250 
1,677,620 
1,701,384 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
9,999 
Obligations under finance leases and hire purchase contracts
13,621 
- 
Trade creditors
1,282,576 
1,332,304 
Taxes and social security
124,975 
88,299 
Other creditors
4,267 
5,497 
1,435,439 
1,436,099 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,501 
17,501 
Obligations under finance leases and hire purchase contracts
6,400 
- 
13,901 
17,501 
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Able Electrical Inspection Limited Notes to the Accounts for the year ended 30 November 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 November 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,000 
13,000 
Later than one year and not later than five years
49,000 
52,000 
65,000 
65,000 
9
Average number of employees
During the year the average number of employees was 14 (2023: 11).
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