REGISTERED NUMBER: 12480704 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Ability Facilities Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M A Wood

J H Wood

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

12480704 (England and Wales)

ACCOUNTANTS:

Michael J Ventham

11 Lincoln Way

Maldon

Essex

CM9 6GL

FIXED ASSETS

Tangible assets

4

57,336

64,208

CURRENT ASSETS

Debtors

5

114,425

68,719

Cash at bank

279,226

254,342

393,651

323,061

CREDITORS

Amounts falling due within one year

6

311,811

172,770

NET CURRENT ASSETS

81,840

150,291

TOTAL ASSETS LESS CURRENT LIABILITIES

139,176

214,499

CREDITORS

Amounts falling due after more than one year

7

(15,362

)

(70,146

)

PROVISIONS FOR LIABILITIES

9

(13,139

)

(14,564

)

NET ASSETS

110,675

129,789

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

11

60,675

79,789

SHAREHOLDERS' FUNDS

110,675

129,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

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:

M A Wood - Director

1.	STATUTORY INFORMATION

Ability Facilities Management 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.

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 each asset over its estimated useful life.

Plant & Machinery

25% WDV

Fixtures & Fittings

25% WDV

Computer Equipment

25% WDV

Motor Vehicles

25% WDV

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

The company has also made a substantial contribution to the Self Invested Pension Plan of one of the directors.

Hire purchase commitments

Fixed assets obtained through hire purchase agreements are capitalised on the date at which the asset came into use. Interest on the lease is charged to profit or loss in the period to which it relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Fixtures

Motor

Computer

machinery

& Fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

462

295

100,483

8,797

110,037

Additions

-

-

11,225

500

11,725

At 30 June 2025

462

295

111,708

9,297

121,762

DEPRECIATION

At 1 July 2024

310

167

41,545

3,807

45,829

Charge for year

38

56

17,248

1,255

18,597

At 30 June 2025

348

223

58,793

5,062

64,426

NET BOOK VALUE

At 30 June 2025

114

72

52,915

4,235

57,336

At 30 June 2024

152

128

58,938

4,990

64,208

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

97,520

53,088

Other debtors

3,200

3,200

Prepayments and accrued income

13,705

12,431

114,425

68,719

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts (see note 8)

9,167

10,000

Hire purchase contracts

45,618

11,447

Trade creditors

50,614

20,827

Tax

36,741

57,594

Social security and other taxes

2,210

2,083

VAT

37,916

33,988

Other creditors

94,613

-

Directors' loan accounts

22,748

24,849

Accruals and deferred income

12,184

9,798

Accrued expenses

-

2,184

311,811

172,770

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans (see note 8)

-

9,167

Hire purchase contracts

15,362

60,979

15,362

70,146

8.

LOANS

An analysis of the maturity of loans is given below:

30.6.25

30.6.24

£

£

Amounts falling due within one year or on demand:

Bank loans

9,167

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

9,167

The Coronavirus Bounceback loan was introduced in May 2020. It carries an interest rate of 2.5% per annum and is repayable over six years with no repayments due in the first 12 months. The first repayment was made on 7th June 2021.

9.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

13,139

14,564

Deferred

tax

£

Balance at 1 July 2024

14,564

Credit to Income Statement during year

(1,425

)

Balance at 30 June 2025

13,139

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

76

Ordinary 'A'

1

38,000

38,000

24

Ordinary 'B'

1

12,000

12,000

50,000

50,000

11.

RESERVES

Retained

earnings

£

At 1 July 2024

79,789

Profit for the year

106,066

Dividends

(125,180

)

At 30 June 2025

60,675

12.	RELATED PARTY DISCLOSURES

At the year end the company owed M A Wood, a Director, £12,441 (2024: £13,392) and J H Wood, also a Director, £10,307 (2024: £11,457).

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Wood by virtue of his shareholding.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ability Facilities Management Ltd for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ability Facilities Management Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ability Facilities Management Ltd and state those matters that we have agreed to state to the Board of Directors of Ability Facilities Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ability Facilities Management Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ability Facilities Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ability Facilities Management Ltd. You consider that Ability Facilities Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ability Facilities Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Michael J Ventham

11 Lincoln Way

Maldon

Essex

CM9 6GL

12 November 2025