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Company Registration No. 08769352 (England and Wales)
ABLE MEDIA LTD Unaudited accounts for the year ended 31 December 2025
ABLE MEDIA LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
ABLE MEDIA LTD Company Information for the year ended 31 December 2025
Directors
Mr N. Barratt Mr E. Miles
Secretary
Mrs L. Barratt
Company Number
08769352 (England and Wales)
Registered Office
7 Lyme Street London NW1 0EH England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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ABLE MEDIA LTD Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,473
6,721
Current assets
Debtors
5
116,692
139,176
Cash at bank and in hand
-
41,232
116,692
180,408
Creditors: amounts falling due within one year
6
(67,495)
(129,674)
Net current assets
49,197
50,734
Total assets less current liabilities
51,670
57,455
Provisions for liabilities
Deferred tax
7
(470)
(1,277)
Net assets
51,200
56,178
Capital and reserves
Called up share capital
200
200
Profit and loss account
51,000
55,978
Shareholders' funds
51,200
56,178
For the year ending 31 December 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 17 March 2026 and were signed on its behalf by
Mr N. Barratt Director Company Registration No. 08769352
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ABLE MEDIA LTD Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
ABLE MEDIA LTD is a private company, limited by shares, registered in England and Wales, registration number 08769352. The registered office is 7 Lyme Street, London, NW1 0EH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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
25% Straight line basis
Computer equipment
25% Straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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ABLE MEDIA LTD Notes to the Accounts for the year ended 31 December 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
2,863
47,693
50,556
Additions
-
548
548
Disposals
-
(2,670)
(2,670)
At 31 December 2025
2,863
45,571
48,434
Depreciation
At 1 January 2025
2,863
40,972
43,835
Charge for the year
-
4,796
4,796
On disposals
-
(2,670)
(2,670)
At 31 December 2025
2,863
43,098
45,961
Net book value
At 31 December 2025
-
2,473
2,473
At 31 December 2024
-
6,721
6,721
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
114,814
134,370
Accrued income and prepayments
1,878
2,675
Other debtors
-
2,131
116,692
139,176
- 6 -
ABLE MEDIA LTD Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
731
-
VAT
15,730
20,655
Trade creditors
5,068
1,752
Taxes and social security
2,337
795
Loans from directors
37,233
100,073
Accruals
6,396
6,399
67,495
129,674
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
470
1,277
2025
2024
£
£
Provision at start of year
1,277
2,398
Credited to the profit and loss account
(807)
(1,121)
Provision at end of year
470
1,277
Provision for dilapidation costs
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mr E. Miles
Director's loan account
1,000
-
1,000
-
1,000
-
1,000
-
10
Average number of employees
During the year the average number of employees was 6 (2024: 7).
- 7 -