REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A.C. Sheetmetal Limited |
|
Unaudited Financial Statements for the Year Ended 30 April 2022 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A.C. Sheetmetal Limited |
|
Unaudited Financial Statements for the Year Ended 30 April 2022 |
|
|
|
|
|
A.C. Sheetmetal Limited (Registered number: 05097659) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 April 2022 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
A.C. Sheetmetal Limited |
|
Company Information |
for the Year Ended 30 April 2022 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Atlantic House |
8 Bell Lane |
Bellbrook Industrial Estate |
Uckfield |
East Sussex |
TN22 1QL |
A.C. Sheetmetal Limited (Registered number: 05097659) |
|
Balance Sheet |
30 April 2022 |
|
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR |
6 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
|
Retained earnings | 8 | ( |
) |
|
SHAREHOLDERS' FUNDS | ( |
) |
|
|
|
|
|
|
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. |
A.C. Sheetmetal Limited (Registered number: 05097659) |
|
Balance Sheet - continued |
30 April 2022 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
A.C. Sheetmetal Limited (Registered number: 05097659) |
|
Notes to the Financial Statements |
for the Year Ended 30 April 2022 |
|
1. | STATUTORY INFORMATION |
|
A.C. Sheetmetal Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
|
A.C. Sheetmetal Limited (Registered number: 05097659) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
Going concern |
We have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. This assessment has been required in the light of the significant uncertainty around the short to medium term impact of the spread of the Covid-19 virus. |
At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 May 2021 |
|
|
|
Additions |
|
|
|
At 30 April 2022 |
|
|
|
DEPRECIATION |
At 1 May 2021 |
|
|
|
Charge for year |
|
|
|
At 30 April 2022 |
|
|
|
NET BOOK VALUE |
At 30 April 2022 |
|
|
|
At 30 April 2021 |
|
|
|
A.C. Sheetmetal Limited (Registered number: 05097659) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
8. | RESERVES |
Retained |
earnings |
£ |
|
At 1 May 2021 |
|
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 30 April 2022 | ( |
) |
|
During the year dividends were paid in excess of the company's distributable reserves and may be required to be repaid to the company in certain circumstances. |
|
9. | OTHER FINANCIAL COMMITMENTS |
|
At the balance sheet date the company had total commitments under operating leases of £4,500 (2021: £4,382). |
A.C. Sheetmetal Limited (Registered number: 05097659) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
|
10. | RELATED PARTY DISCLOSURES |
|
At the balance sheet date the company owed to the directors amounts totalling £14,967 (2021 - £11,032). |
|
These loans are interest free, unsecured and repayable on demand. |