Ability Ltd - Filleted accounts

Registered number

14178460

Ability Ltd

Filleted Accounts

30 June 2025

Ability Ltd
Registered number:		14178460
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		173,498			74,043

Current assets
Debtors	4	85,913			72,092
Cash at bank and in hand		169,803			175,944
		255,716			248,036

Creditors: amounts falling due within one year	5	(185,248)			(137,664)

Net current assets			70,468			110,372

Total assets less current liabilities			243,966			184,415

Provisions for liabilities			(39,640)			(14,068)

Net assets			204,326			170,347

Capital and reserves
Called up share capital			101			101
Profit and loss account			204,225			170,246

Shareholders' funds			204,326			170,347

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.




Matthew Moon
Director
Approved by the board on 1 October 2025

Ability Ltd
Notes to the Accounts
for the year ended 30 June 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.

	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:

	Plant and machinery			20% reducing balance
	Motor vehicles			over 5 years
	Land and buildings			not depreciated


	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.

	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					12		12

3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	-		8,169		89,686		97,855
	Additions	5,208		5,094		138,476		148,778
	Disposals	-		-		(8,000)		(8,000)
	At 30 June 2025	5,208		13,263		220,162		238,633

	Depreciation
	At 1 July 2024	-		2,268		21,544		23,812
	Charge for the year	-		1,557		40,833		42,390
	On disposals	-		-		(1,067)		(1,067)
	At 30 June 2025	-		3,825		61,310		65,135

	Net book value
	At 30 June 2025	5,208		9,438		158,852		173,498
	At 30 June 2024	-		5,901		68,142		74,043