Company Registration No. 6230021 (England and Wales)
Ability 1st Limited
Unaudited accounts
for the year ended 31 March 2022
Ability 1st Limited
Unaudited accounts
Contents
Ability 1st Limited
Company Information
for the year ended 31 March 2022
Company Number
6230021 (England and Wales)
Registered Office
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Ability 1st Limited
Statement of financial position
as at
31 March 2022
Tangible assets
6,677
13,353
Cash at bank and in hand
24,972
31,092
Creditors: amounts falling due within one year
2,490
(6,022)
Net current assets
29,641
32,454
Called up share capital
300
300
Profit and loss account
36,018
45,507
Shareholders' funds
36,318
45,807
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 17 May 2022 and were signed on its behalf by
Paul Moon
Director
Company Registration No. 6230021
Ability 1st Limited
Notes to the Accounts
for the year ended 31 March 2022
Ability 1st Limited is a private company, limited by shares, registered in England and Wales, registration number 6230021. The registered office is 41 Oldfields Road, Sutton, Surrey, SM1 2NB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% on cost
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Charge for the year
6,676
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
2,179
7,384
Ability 1st Limited
Notes to the Accounts
for the year ended 31 March 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
(3,567)
5,022
7
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary B Shares of £1 each
100
100
100 Ordinary C shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).