REGISTERED NUMBER: 03812124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

FOR

ABILITY KITCHENS LTD

TRADING AS

KITCHEN CREATIONS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Cartwright

C E Norbury

REGISTERED OFFICE:

Unit 4 & 5

Brymau 4 Industrial Estate

River Lane

Saltney

Chester

CH4 8RF

REGISTERED NUMBER:

03812124 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

Unit 2, The Forum Shopping Centre

Northgate Street

Chester

CH1 2BY

FIXED ASSETS

Tangible assets

4

341,252

309,984

CURRENT ASSETS

Stocks

5

137,826

127,485

Debtors

6

40,041

71,107

Cash at bank and in hand

480,113

514,614

657,980

713,206

CREDITORS

Amounts falling due within one year

7

174,517

159,049

NET CURRENT ASSETS

483,463

554,157

TOTAL ASSETS LESS CURRENT LIABILITIES

824,715

864,141

CREDITORS

Amounts falling due after more than one year

8

(56,918

)

(23,014

)

PROVISIONS FOR LIABILITIES

10

(26,636

)

(54,650

)

NET ASSETS

741,161

786,477

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

741,159

786,475

SHAREHOLDERS' FUNDS

741,161

786,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th October 2025 and were signed on its behalf by:

C E Norbury - Director

S R Cartwright - Director

1.	STATUTORY INFORMATION

Ability Kitchens Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Machinery

-

15% on cost

Fixtures & fittings

-

10% on cost

Motor vehicles

-

20% on cost

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

property

improvements

Machinery

£

£

£

COST

At 1st June 2024

80,260

6,967

362,538

Additions

84

-

1,399

Disposals

-

-

-

At 31st May 2025

80,344

6,967

363,937

DEPRECIATION

At 1st June 2024

-

5,206

173,254

Charge for year

-

577

39,568

Eliminated on disposal

-

-

-

At 31st May 2025

-

5,783

212,822

NET BOOK VALUE

At 31st May 2025

80,344

1,184

151,115

At 31st May 2024

80,260

1,761

189,284

Fixtures

Motor

Kitchen

& fittings

vehicles

displays

Totals

£

£

£

£

COST

At 1st June 2024

32,291

179,427

24,468

685,951

Additions

-

89,857

2,322

93,662

Disposals

-

(52,601

)

-

(52,601

)

At 31st May 2025

32,291

216,683

26,790

727,012

DEPRECIATION

At 1st June 2024

16,043

156,996

24,468

375,967

Charge for year

3,099

18,453

697

62,394

Eliminated on disposal

-

(52,601

)

-

(52,601

)

At 31st May 2025

19,142

122,848

25,165

385,760

NET BOOK VALUE

At 31st May 2025

13,149

93,835

1,625

341,252

At 31st May 2024

16,248

22,431

-

309,984

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

Motor

vehicles

£

COST

At 1st June 2024

99,551

Additions

89,857

Transfer to ownership

(81,155

)

At 31st May 2025

108,253

DEPRECIATION

At 1st June 2024

99,551

Charge for year

8,986

Transfer to ownership

(81,155

)

At 31st May 2025

27,382

NET BOOK VALUE

At 31st May 2025

80,871

At 31st May 2024

-

5.

STOCKS

31.5.25

31.5.24

£

£

Stocks

54,233

46,385

Work-in-progress

83,593

81,100

137,826

127,485

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

32,878

52,359

Other debtors

90

80

Tax

-

11,631

VAT

-

1,207

Prepayments and accrued income

7,073

5,830

40,041

71,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

18,413

10,800

Trade creditors

42,212

60,838

Social security and other taxes

2,120

4,098

Pension control account

798

873

VAT

16,577

-

Other creditors

56,657

44,774

Directors' current accounts

30,040

29,523

Accrued expenses

7,700

8,143

174,517

159,049

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

56,918

23,014

9.	SECURED DEBTS

Finance leases are secured on the assets concerned.

10.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

Accelerated capital allowances

41,065

56,992

Tax losses carried forward

(14,429

)

(2,342

)

26,636

54,650

Deferred

tax

£

Balance at 1st June 2024

54,650

Movement in the year due to:

change in tax allowances

(15,927

)

changes in tax rates

changes in tax losses

(12,087

)

Balance at 31st May 2025

26,636

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

2

Ordinary

£1

2

2

12.	CAPITAL COMMITMENTS

31.5.25

31.5.24

£

£

Contracted but not provided for in the

financial statements

-

-