ABLE FINANCE AND LOANS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 5782762

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		22,500		22,500
Tangible Assets	5		5,916		5,346

			28,416		27,846
CURRENT ASSETS
Debtors	6	96,147		99,162
Cash at bank and in hand		4,930		13,083

		101,077		112,245
Creditors: Amounts Falling Due Within One Year	7	(54,451 )		(45,374 )

NET CURRENT ASSETS (LIABILITIES)			46,626		66,871

TOTAL ASSETS LESS CURRENT LIABILITIES			75,042		94,717

Creditors: Amounts Falling Due After More Than One Year	8		(1,500 )		(10,500 )

NET ASSETS			73,542		84,217

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			73,442		84,117

SHAREHOLDERS' FUNDS			73,542		84,217

Page 1

Page 2

ABLE FINANCE AND LOANS LIMITED

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr PAUL MAYWOOD

Director

11/05/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

ABLE FINANCE AND LOANS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 5782762 . The registered office is 16 WESTGATE, GRANTHAM, LINCS, NG31 6LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15%

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	2
Sales, marketing and distribution	1	1

	2	3

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	22,500

As at 31 March 2025	22,500

Net Book Value
As at 31 March 2025	22,500

As at 1 April 2024	22,500

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	19,369
Additions	1,614

As at 31 March 2025	20,983

...CONTINUED

Page 3

Page 4

ABLE FINANCE AND LOANS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	14,023
Provided during the period	1,044

As at 31 March 2025	15,067

Net Book Value
As at 31 March 2025	5,916

As at 1 April 2024	5,346

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	96,148	99,163
Other debtors	(1 )	(1 )

	96,147	99,162

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	-
Bank loans and overdrafts	9,000	9,000
Other taxes and social security (Current liabilities - creditors < 1 year)	8	8
Accruals and deferred income (Current liabilities - creditors < 1 year)	1,584	2,885
Directors' loan accounts	43,860	33,481

	54,451	45,374

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,500	10,500

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100