Able Engineering Products Limited

Registered number

05722184

Filleted Accounts

30 April 2025

Able Engineering Products Limited
Registered number:		05722184
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		3,000			6,000
Tangible assets	4		32,195			40,716
			35,195			46,716

Current assets
Stocks		15,615			17,861
Debtors	5	208,162			179,750
Cash at bank and in hand		269,904			377,618
		493,681			575,229

Creditors: amounts falling due within one year	6	(150,010)			(165,617)

Net current assets			343,671			409,612

Total assets less current liabilities			378,866			456,328


Provisions for liabilities			(5,920)			(9,904)


Net assets			372,946			446,424

Capital and reserves
Called up share capital			100			100
Profit and loss account			372,846			446,324

Shareholders' funds			372,946			446,424

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.




Mr D Martin
Director
Approved by the board on 18 September 2025

Able Engineering Products Limited
Notes to the Accounts
for the year ended 30 April 2025


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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		7


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2024							60,000
	At 30 April 2025							60,000

	Amortisation
	At 1 May 2024							54,000
	Provided during the year							3,000
	At 30 April 2025							57,000

	Net book value
	At 30 April 2025							3,000
	At 30 April 2024							6,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	3,190		107,228		73,897		184,315
	At 30 April 2025	3,190		107,228		73,897		184,315

	Depreciation
	At 1 May 2024	3,030		90,647		49,922		143,599
	Charge for the year	40		2,487		5,994		8,521
	At 30 April 2025	3,070		93,134		55,916		152,120

	Net book value
	At 30 April 2025	120		14,094		17,981		32,195
	At 30 April 2024	160		16,581		23,975		40,716


5	Debtors					2025		2024
£							£

	Trade debtors					207,256		178,903
	Other debtors					906		847
						208,162		179,750


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					31,541		33,592
	Taxation and social security costs					111,792		125,238
	Other creditors					6,677		6,787
						150,010		165,617


7	Events after the reporting date

	The directors approved the financial statements for issue on 18 September 2025. They were not aware of any adjusting and non-adjusting events between 30 April 2025 and this date.


8	Related party transactions

	During the period under review dividends were paid to Mr D Martin £87,611 (2024 - £100,000), Mrs M Martin £87,611 (2024 - £100,000), Mr D Malpass £39,000 (2023 - £32,109) and Mrs G Malpass £39,000 (2024 - £32,109).


9	Controlling party

	During the period under review the company was under the control of Mr D & Mrs M Martin who are each 26% shareholders and directors in Able Engineering Products Limited.


10	Other information

	Able Engineering Products Limited is a private company limited by shares and incorporated in England. Its registered office is:
	102 Amos Lane
	Wolverhampton
	West Midlands
	WV11 1LZ