REGISTERED NUMBER: 02704509 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2023 TO 3 MAY 2024

FOR

ABILITY HANDLING LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Statement of Changes in Equity

6

Notes to the Financial Statements

7

DIRECTORS:

S J Shakespeare

Ms J Morris

SECRETARY:

Rollits Company Secretaries Limited

REGISTERED OFFICE:

Sheets Stores Industrial Estate

Field Farm Road

Long Eaton

Nottingham

NG10 1AU

REGISTERED NUMBER:

02704509 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

The Directors present their report with the financial statements of the company for the period 1 August 2023 to 3 May 2024.

DIRECTORS

The Director who have held office during the period from 1 August 2023 to the date of this report are as follows:

R J Hardman - resigned 3 May 2024

S J Shakespeare - appointed 3 May 2024

Ms J Morris was appointed as a Director after 3 May 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms J Morris - Director

4 September 2025

TURNOVER

2,405

4,044

Cost of sales

1,667

3,152

GROSS PROFIT

738

892

Distribution costs

-

5

Administrative expenses

53

593

53

598

OPERATING PROFIT

4

685

294

Interest receivable and similar income

-

3

685

297

Interest payable and similar expenses

97

10

PROFIT BEFORE TAXATION

588

287

Tax on profit

5

154

250

PROFIT FOR THE FINANCIAL PERIOD

434

37

FIXED ASSETS

Intangible assets

7

-

-

Tangible assets

8

2,137

2,216

2,137

2,216

CURRENT ASSETS

Stocks

93

132

Debtors

9

530

618

Cash at bank and in hand

1,735

498

2,358

1,248

CREDITORS

Amounts falling due within one year

10

1,060

475

NET CURRENT ASSETS

1,298

773

TOTAL ASSETS LESS CURRENT LIABILITIES

3,435

2,989

CREDITORS

Amounts falling due after more than one year

11

(925

)

(866

)

PROVISIONS FOR LIABILITIES

(239

)

(269

)

NET ASSETS

2,271

1,854

CAPITAL AND RESERVES

Called up share capital

-

-

Retained earnings

2,271

1,854

SHAREHOLDERS' FUNDS

2,271

1,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 3 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 3 May 2024 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Ms J Morris - Director

Called up

share

Retained

Total

capital

earnings

equity

£'000

£'000

£'000

Balance at 1 August 2022

-

1,853

1,853

Changes in equity

Dividends

-

(36

)

(36

)

Total comprehensive income

-

315

315

Balance at 31 July 2023

-

2,132

2,132

Prior year adjustment

-

(278

)

(278

)

As restated

-

1,854

1,854

Changes in equity

Dividends

-

(17

)

(17

)

Total comprehensive income

-

434

434

Balance at 3 May 2024

-

2,271

2,271

1.	STATUTORY INFORMATION

Ability Handling 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised over its remaining estimated useful life which was estimated as 8 years at 31 July 2016.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 26 (2023 - 27 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1/8/23

to

Year ended

3/5/24

31/7/23

as restated

£'000

£'000

Depreciation - owned assets

211

253

Goodwill amortisation

-

30

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the period was as follows:

Period

1/8/23

to

Year ended

3/5/24

31/7/23

as restated

£'000

£'000

Current tax:

UK corporation tax

184

42

CT overprovision

-

(61

)

Total current tax

184

(19

)

Deferred tax

(30

)

269

Tax on profit

154

250

UK corporation tax has been charged at 25% .

6.	PRIOR YEAR ADJUSTMENT

The Prior Year Adjustment has arisen because the treatment of certain sales though a finance house has been changed to recognise the sales as lease income over the life of the agreement, and an adjustment has been made for contracts previously entered into which are still in place.

7.	INTANGIBLE FIXED ASSETS

Goodwill

£'000

COST

At 1 August 2023

450

Disposals

(450

)

At 3 May 2024

-

AMORTISATION

At 1 August 2023

450

Disposals

(450

)

At 3 May 2024

-

NET BOOK VALUE

At 3 May 2024

-

At 31 July 2023

-

8.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£'000

£'000

£'000

COST

At 1 August 2023

405

2,142

2,547

Additions

3

1,865

1,868

Disposals

(408

)

(491

)

(899

)

At 3 May 2024

-

3,516

3,516

DEPRECIATION

At 1 August 2023

16

1,067

1,083

Charge for period

2

565

567

Disposals

(18

)

(253

)

(271

)

At 3 May 2024

-

1,379

1,379

NET BOOK VALUE

At 3 May 2024

-

2,137

2,137

At 31 July 2023

389

1,075

1,464

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£'000

COST

Additions

1,498

At 3 May 2024

1,498

DEPRECIATION

Charge for period

356

At 3 May 2024

356

NET BOOK VALUE

At 3 May 2024

1,142

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£'000

£'000

Trade debtors

500

433

Other debtors

30

185

530

618

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£'000

£'000

Trade creditors

113

352

Taxation and social security

379

26

Other creditors

568

97

1,060

475

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£'000

£'000

Other creditors

925

866

12.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£'000

£'000

HP accounts

47

79

BuyBack Loans

1,246

-

1,293

79