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Company Registration No. 14558918 (England and Wales)
Able Electrical Solutions Ltd Unaudited accounts for the year ended 31 December 2025
Able Electrical Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Able Electrical Solutions Ltd Company Information for the year ended 31 December 2025
Directors
Jasmine Spear Perry Speer
Company Number
14558918 (England and Wales)
Registered Office
2 Ribbon Pond Drive Newark-On-Trent NG24 3WW United Kingdom
Accountants
Peter Harvey T/A Saviour Accounting 5 Spring Drive Fernwood, Newark Nottinghamshire NG24 3JS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Able Electrical Solutions Ltd for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Able Electrical Solutions Ltd for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Able Electrical Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 7 January 2025. Our work has been undertaken solely to prepare for your approval the accounts of Able Electrical Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Able Electrical Solutions Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Able Electrical Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Able Electrical Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Able Electrical Solutions Ltd. You consider that Able Electrical Solutions 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 accounts of Able Electrical Solutions 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 accounts.
Peter Harvey T/A Saviour Accounting Member in Practice 5 Spring Drive Fernwood, Newark Nottinghamshire NG24 3JS 12 August 2026
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Able Electrical Solutions Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
5,205
Investment property
5
-
77,069
-
82,274
Current assets
Inventories
6
103,203
-
Debtors
7
1,750
3,658
Cash at bank and in hand
13,058
30,789
118,011
34,447
Creditors: amounts falling due within one year
8
(118,009)
(14,855)
Net current assets
2
19,592
Total assets less current liabilities
2
101,866
Creditors: amounts falling due after more than one year
9
-
(100,874)
Provisions for liabilities
Deferred tax
-
(990)
Net assets
2
2
Capital and reserves
Called up share capital
2
2
Shareholders' funds
2
2
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 12 August 2026 and were signed on its behalf by
Jasmine Spear Director Company Registration No. 14558918
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Able Electrical Solutions Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Able Electrical Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14558918. The registered office is 2 Ribbon Pond Drive, Newark-On-Trent, NG24 3WW, United Kingdom.
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.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25% per annum on a 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 completion.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
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Able Electrical Solutions Ltd Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 January 2025
9,995
Disposals
(9,995)
At 31 December 2025
-
Depreciation
At 1 January 2025
4,790
On disposals
(4,790)
At 31 December 2025
-
Net book value
At 31 December 2025
-
At 31 December 2024
5,205
5
Investment property
2025
£
Fair value at 1 January 2025
77,069
Disposals
(77,069)
At 31 December 2025
-
6
Inventories
2025
2024
£
£
Work in progress
103,203
-
103,203
-
7
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
1,043
Trade debtors
1,187
-
Other debtors
563
2,615
1,750
3,658
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,607
1,956
Taxes and social security
7,820
5,717
Other creditors
100,000
4,601
Accruals
8,582
2,581
118,009
14,855
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Able Electrical Solutions Ltd Notes to the Accounts for the year ended 31 December 2025
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
100,000
Loans from directors
-
874
-
100,874
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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