Company Registration No. 04670231 (England and Wales)
Able Law Ltd
Unaudited accounts
for the year ended 31 March 2025
Able Law Ltd
Unaudited accounts
Contents
Able Law Ltd
Company Information
for the year ended 31 March 2025
Directors
Richard Compton
Margaret Compton
Company Number
04670231 (England and Wales)
Registered Office
1 Thirlmere Road
BEXLEYHEATH
Kent
DA7 6PU
England
Able Law Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
3,648
4,864
Cash at bank and in hand
3,365
21,797
Creditors: amounts falling due within one year
6,586
(6,902)
Net current assets
11,301
17,285
Called up share capital
2
2
Profit and loss account
14,947
22,147
Shareholders' funds
14,949
22,149
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by
Richard Compton
Director
Company Registration No. 04670231
Able Law Ltd
Notes to the Accounts
for the year ended 31 March 2025
Able Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 04670231. The registered office is 1 Thirlmere Road, , BEXLEYHEATH, Kent, DA7 6PU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
- 20% p.a. on reducing balance
Computer equipment
- 25% p.a. on reducing balance
The accounts are presented in pound sterling.
Able Law Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
745
4,052
Loans from directors
(8,580)
-
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).