Able Estates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03060035

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		40,426		17,108
Investments	5		2		2

			40,428		17,110
CURRENT ASSETS
Stocks	6	-		493,132
Debtors	7	47,288		28,945
Cash at bank and in hand		518,404		52,040

		565,692		574,117
Creditors: Amounts Falling Due Within One Year	8	(121,602 )		(113,059 )

NET CURRENT ASSETS (LIABILITIES)			444,090		461,058

TOTAL ASSETS LESS CURRENT LIABILITIES			484,518		478,168

NET ASSETS			484,518		478,168

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			484,418		478,068

SHAREHOLDERS' FUNDS			484,518		478,168

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Able Estates Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

P D Mitchell

Director

20/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Able Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03060035 . The registered office is 511 Abbey Road, Abbey Wood , London , SE2 9HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	over duration of the lease
Plant & Machinery	20% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	10% straight line
Computer Equipment	33.33% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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Able Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 14)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 March 2024	18,345	17,444	13,200	15,863
Additions	23,400	7,145	-	3,900
Disposals	(4,220 )	(10,576 )	-	(10,264 )

As at 28 February 2025	37,525	14,013	13,200	9,499

Depreciation
As at 1 March 2024	13,489	14,273	8,500	11,580
Provided during the period	3,960	1,602	1,175	1,213
Disposals	(3,806 )	(10,309 )	-	(7,866 )

As at 28 February 2025	13,643	5,566	9,675	4,927

Net Book Value
As at 28 February 2025	23,882	8,447	3,525	4,572

As at 1 March 2024	4,856	3,171	4,700	4,283


	Computer Equipment	Total
	£	£
Cost
As at 1 March 2024	6,736	71,588
Additions	-	34,445
Disposals	-	(25,060 )

As at 28 February 2025	6,736	80,973

Depreciation
As at 1 March 2024	6,638	54,480
Provided during the period	98	8,048
Disposals	-	(21,981 )

As at 28 February 2025	6,736	40,547

Net Book Value
As at 28 February 2025	-	40,426

As at 1 March 2024	98	17,108

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Able Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Investments

	Subsidiaries
	£
Cost
As at 1 March 2024	2

As at 28 February 2025	2

Provision
As at 1 March 2024	-

As at 28 February 2025	-

Net Book Value
As at 28 February 2025	2

As at 1 March 2024	2

6. Stocks

	2025	2024
	£	£
Work in progress	-	493,132

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	33,627	25,896
Other debtors	13,661	3,049

	47,288	28,945

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,807	11,735
Other creditors	9,453	38,074
Taxation and social security	99,342	63,250

	121,602	113,059

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