Registered number
04581873
AccountAbility gb Limited
Filleted Accounts
30 November 2024
AccountAbility gb Limited
Registered number: 04581873
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 286,462 289,888
Current assets
Debtors 4 124,449 123,802
Cash at bank and in hand 398,846 321,493
523,295 445,295
Creditors: amounts falling due within one year 5 (156,791) (191,740)
Net current assets 366,504 253,555
Total assets less current liabilities 652,966 543,443
Provisions for liabilities (769) (1,625)
Net assets 652,197 541,818
Capital and reserves
Called up share capital 1,062 1,062
Share premium 6,441 6,441
Profit and loss account 644,694 534,315
Shareholders' funds 652,197 541,818
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.
Kay O'Brien
Director
Approved by the board on 30 June 2025
AccountAbility gb Limited
Notes to the Accounts
for the year ended 30 November 2024
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 rendering of services. 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:
Fixtures and fittings over 3 years
Investment property
Investment properties are valued annually by the director at fair value. Any surplus or deficit on revaluation is recognised in the profit and loss account in the year they occur and are then transferred to the revaluation reserve. No depreciation is provided in respect of investment properties.
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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Investment property Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 283,385 26,820 310,205
Additions - 1,907 1,907
Disposals - (5,438) (5,438)
At 30 November 2024 283,385 23,289 306,674
Depreciation
At 1 December 2023 - 20,317 20,317
Charge for the year - 5,333 5,333
On disposals - (5,438) (5,438)
At 30 November 2024 - 20,212 20,212
Net book value
At 30 November 2024 283,385 3,077 286,462
At 30 November 2023 283,385 6,503 289,888
4 Debtors 2024 2023
£ £
Trade debtors 119,167 117,637
Other debtors 5,282 6,165
124,449 123,802
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 363 2,417
Taxation and social security costs 109,192 92,190
Other creditors 47,236 97,133
156,791 191,740
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 40,000 60,000
7 Other information
AccountAbility gb Limited is a private company limited by shares and incorporated in England. Its registered office is:
Portland House
21 Narborough Road
Cosby
Leicester
LE9 1TA
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