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Registration number: 02530653

Able Lifting Equipment (Southern) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Able Lifting Equipment (Southern) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Able Lifting Equipment (Southern) Limited

Company Information

Directors | Mr M H Dunning Mr S Dunning

Company secretary | Mrs L A Newton Miss M Scrimshaw

Registered office | Unit 6 & 7 Sovereign Business Park 48 Willis Way Poole Dorset BH15 3TB

Accountants | Wilkinsons Accountants Limited Chartered Certified Accountants The Old Exchange 521 Wimborne Road East Ferndown Dorset BH22 9NH

Able Lifting Equipment (Southern) Limited

(Registration number: 02530653)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 123,450 | 161,188
Current assets |  |  |
Stocks | 6 | 55,549 | 51,989
Debtors | 7 | 476,914 | 528,974
Cash at bank and in hand |  | 1,223,392 | 1,124,657
|  | 1,755,855 | 1,705,620
Creditors: Amounts falling due within one year | 8 | (383,555) | (477,272)
Net current assets |  | 1,372,300 | 1,228,348
Total assets less current liabilities |  | 1,495,750 | 1,389,536
Creditors: Amounts falling due after more than one year | 8 | (5,000) | (5,000)
Provisions for liabilities |  | (19,712) | (34,562)
Net assets |  | 1,471,038 | 1,349,974
Capital and reserves |  |  |
Called up share capital |  | 5,300 | 5,300
Retained earnings |  | 1,465,738 | 1,344,674
Shareholders' funds |  | 1,471,038 | 1,349,974

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 July 2026 and signed on its behalf by:

......................................... Mr M H Dunning Director

Able Lifting Equipment (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
Unit 6 & 7 Sovereign Business Park
48 Willis Way
Poole
Dorset
BH15 3TB
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Government grants

Government grants of a revenue nature are recognised when there is a reasonable assurance that conditions attaching to them have been met and the grants will be received. The accruals model has been adopted for recognition.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Able Lifting Equipment (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

2 | Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance
Fixtures and fittings | 15% reducing balance
Plant and machinery | 15% reducing balance
Leasehold property | over the period of the lease

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stock and work in progress is valued at the lower of cost and estimated net realisable value.
Cost of raw materials is determined on the first in first out basis. In the case of work in progress and
finished goods, cost includes all direct expenditure and production overheads based on the normal
level of activity. Net realisable value is the price at which the stock can be released in the normal
course of business, less further costs to completion of sale.

Able Lifting Equipment (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 15).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2024 | 3,328 | 3,328
At 31 October 2025 | 3,328 | 3,328
Amortisation
At 1 November 2024 | 3,328 | 3,328
At 31 October 2025 | 3,328 | 3,328
Carrying amount
At 31 October 2025 | - | -

Able Lifting Equipment (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 November 2024 | 9,346 | 119,637 | 311,554 | 49,205 | 489,742
Additions | - | 3,212 | 31,195 | - | 34,407
Disposals | - | - | (96,809) | - | (96,809)
At 31 October 2025 | 9,346 | 122,849 | 245,940 | 49,205 | 427,340
Depreciation
At 1 November 2024 | 9,346 | 101,836 | 172,013 | 45,360 | 328,555
Charge for the year | - | 3,152 | 33,241 | 577 | 36,970
Eliminated on disposal | - | - | (61,635) | - | (61,635)
At 31 October 2025 | 9,346 | 104,988 | 143,619 | 45,937 | 303,890
Carrying amount
At 31 October 2025 | - | 17,861 | 102,321 | 3,268 | 123,450
At 31 October 2024 | - | 17,802 | 139,541 | 3,845 | 161,188

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 55,549 | 51,989

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 422,751 | 460,001
Prepayments | 46,198 | 63,491
Other debtors | 7,965 | 5,482
| 476,914 | 528,974

Able Lifting Equipment (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 175,100 | 199,359
Taxation and social security | 159,696 | 194,026
Accruals and deferred income | 33,492 | 72,880
Other creditors | 15,267 | 11,007
| 383,555 | 477,272

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Other non-current financial liabilities | 5,000 | 5,000

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £44,850 (2024 - £41,400).

10 | Related party transactions

Transactions with directors

2025 | At 1 November 2024 £ | Advances to director £ | Repayments by director £ | At 31 October 2025 £
Mr S Dunning
Loan at official rate, unsecured and repayable on demand | - | 21,837 | (15,520) | 6,316