REGISTERED NUMBER: 10302031 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Able Commercial Finance Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

157,460

19,455

CURRENT ASSETS

Debtors

5

201,108

256,524

Cash at bank

2,139

23,650

203,247

280,174

CREDITORS

Amounts falling due within one year

6

178,098

172,621

NET CURRENT ASSETS

25,149

107,553

TOTAL ASSETS LESS CURRENT LIABILITIES

182,609

127,008

CREDITORS

Amounts falling due after more than one year

7

(95,231

)

(11,656

)

PROVISIONS FOR LIABILITIES

(8,595

)

(3,696

)

NET ASSETS

78,783

111,656

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

78,683

111,556

SHAREHOLDERS' FUNDS

78,783

111,656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

Mr P R Morgan - Director

1.	STATUTORY INFORMATION

Able Commercial Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10302031

Registered office:

Ebenezer House

Ryecroft

Newcastle

Staffordshire

ST5 2BE

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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

-

37,926

37,926

Additions

138,727

8,981

147,708

At 31 March 2025

138,727

46,907

185,634

DEPRECIATION

At 1 April 2024

-

18,471

18,471

Charge for year

2,312

7,391

9,703

At 31 March 2025

2,312

25,862

28,174

NET BOOK VALUE

At 31 March 2025

136,415

21,045

157,460

At 31 March 2024

-

19,455

19,455

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

Motor

vehicles

£

COST

Additions

138,727

At 31 March 2025

138,727

DEPRECIATION

Charge for year

2,312

At 31 March 2025

2,312

NET BOOK VALUE

At 31 March 2025

136,415

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,920

4,800

Other debtors

187,188

251,724

201,108

256,524

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

18,152

-

Trade creditors

2,820

63,754

Taxation and social security

9,590

558

Other creditors

137,536

98,309

178,098

172,621

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,656

11,656

Hire purchase contracts

93,575

-

95,231

11,656

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

111,727

-

The hire purchase liabilities are secured against the assets to which they relate.

9.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £4,340 (2024 - £4,340). These financial commitments represent the total amount of payments remaining on a lease ending in October 2025.