Able Engineering Products Limited

Registered number

05722184

Filleted Accounts

30 April 2026

Able Engineering Products Limited
Registered number:		05722184
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		-			3,000
Tangible assets	4		36,712			32,195
			36,712			35,195

Current assets
Stocks		17,238			15,615
Debtors	5	184,159			208,162
Cash at bank and in hand		399,272			269,904
		600,669			493,681

Creditors: amounts falling due within one year	6	(183,256)			(150,010)

Net current assets			417,413			343,671

Total assets less current liabilities			454,125			378,866


Provisions for liabilities			(2,905)			(5,920)


Net assets			451,220			372,946

Capital and reserves
Called up share capital			100			100
Profit and loss account			451,120			372,846

Shareholders' funds			451,220			372,946

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Martin
Director
Approved by the board on 13 October 2026

Able Engineering Products Limited
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					7		7


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2025							60,000
	At 30 April 2026							60,000

	Amortisation
	At 1 May 2025							57,000
	Provided during the year							3,000
	At 30 April 2026							60,000

	Net book value
	At 30 April 2026							-
	At 30 April 2025							3,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2025	3,190		107,228		73,897		184,315
	Additions	-		-		14,995		14,995
	Disposals	-		-		(15,956)		(15,956)
	At 30 April 2026	3,190		107,228		72,936		183,354

	Depreciation
	At 1 May 2025	3,070		93,134		55,916		152,120
	Charge for the year	30		2,114		8,214		10,358
	On disposals	-		-		(15,836)		(15,836)
	At 30 April 2026	3,100		95,248		48,294		146,642

	Net book value
	At 30 April 2026	90		11,980		24,642		36,712
	At 30 April 2025	120		14,094		17,981		32,195


5	Debtors					2026		2025
£							£

	Trade debtors					183,062		207,256
	Other debtors					1,097		906
						184,159		208,162


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					47,857		31,541
	Taxation and social security costs					127,940		111,792
	Other creditors					7,459		6,677
						183,256		150,010


7	Events after the reporting date

	The directors approved the financial statements for issue on 13 October 2026. They were not aware of any adjusting and non-adjusting events between 30 April 2026 and this date.


8	Related party transactions

	During the period under review dividends were paid to Mr D Martin £47,500 (2025 - £87,611), Mrs M Martin £47,500 (2025 - £87,611), Mr D Malpass £35,138 (2025 - £39,000) and Mrs G Malpass £35,138 (2025 - £39,000).


9	Controlling party

	During the period under review the company was under the control of Mr D & Mrs M Martin who are each 26% shareholders and directors in Able Engineering Products Limited.


10	Other information

	Able Engineering Products Limited is a private company limited by shares and incorporated in England. Its registered office is:
	102 Amos Lane
	Wolverhampton
	West Midlands
	WV11 1LZ