Able Removals And Storage Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08924137 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ABLE REMOVALS AND STORAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs SA Sawbridge

Mr S Foster

REGISTERED OFFICE:

Unit E

Wilson Road

South Wigston

Leicester

LE18 4TP

REGISTERED NUMBER:

08924137 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

25,379

35,940

25,379

35,940

CURRENT ASSETS

Debtors

6

20,044

19,584

Cash at bank

38,998

48,056

59,042

67,640

CREDITORS

Amounts falling due within one year

7

56,516

79,320

NET CURRENT ASSETS/(LIABILITIES)

2,526

(11,680

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,905

24,260

CREDITORS

Amounts falling due after more than one year

8

-

5,002

NET ASSETS

27,905

19,258

CAPITAL AND RESERVES

Called up share capital

9

101

Retained earnings

27,804

19,157

SHAREHOLDERS' FUNDS

27,905

19,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 June 2026 and were signed on its behalf by:

Mr MA Sawbridge - Director

Mrs SA Sawbridge - Director

1.	STATUTORY INFORMATION

Able Removals And Storage Limited 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

Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of services, except in respect of service contracts where revenue is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Website

-

33% on cost

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.

Hire purchase and leasing commitments

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

300,000

AMORTISATION

At 1 April 2025

and 31 March 2026

300,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Website

Totals

£

COST

At 1 April 2025

75,417

27,849

62,956

12,237

178,459

Disposals

-

(10,641

)

-

(10,641

)

At 31 March 2026

75,417

27,849

52,315

12,237

167,818

DEPRECIATION

At 1 April 2025

75,417

21,786

33,079

12,237

142,519

Charge for year

-

2,642

7,469

-

10,111

Eliminated on disposal

-

(10,191

)

-

(10,191

)

At 31 March 2026

75,417

24,428

30,357

12,237

142,439

NET BOOK VALUE

At 31 March 2026

-

3,421

21,958

-

25,379

At 31 March 2025

-

6,063

29,877

-

35,940

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

3,488

9,949

Other debtors

16,556

9,635

20,044

19,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

5,000

10,000

Trade creditors

3,955

7,881

Taxation and social security

26,554

29,381

Other creditors

21,007

32,058

56,516

79,320

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

-

5,002

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

£1

100

1

Ordinary A

£1

1

101