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REGISTERED NUMBER: 05097659 (England and Wales)















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: Mr A P Cooper
Mrs S L Cooper





SECRETARY: Mrs S L Cooper





REGISTERED OFFICE: Atlantic House
8 Bell Lane
Uckfield
East Sussex
TN22 1QL





REGISTERED NUMBER: 05097659 (England and Wales)





ACCOUNTANTS: Swindells LLP
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 4 339 270

CURRENT ASSETS
Stocks 2,000 1,000
Debtors 5 7,612 5,957
Cash at bank 13,755 16,484
23,367 23,441
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

24,917

21,598
NET CURRENT (LIABILITIES)/ASSETS (1,550 ) 1,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,211

)

2,113

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (1,311 ) 2,013
SHAREHOLDERS' FUNDS (1,211 ) 2,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 7 September 2022 and were signed on its behalf by:





Mr A P Cooper - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 May 2021 150 11,052 11,202
Additions - 132 132
At 30 April 2022 150 11,184 11,334
DEPRECIATION
At 1 May 2021 - 10,932 10,932
Charge for year - 63 63
At 30 April 2022 - 10,995 10,995
NET BOOK VALUE
At 30 April 2022 150 189 339
At 30 April 2021 150 120 270

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 7,326 5,787
Other debtors 286 170
7,612 5,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,473 3,381
Taxation and social security 3,110 2,889
Other creditors 20,334 15,328
24,917 21,598

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 May 2021 2,013
Deficit for the year (324 )
Dividends (3,000 )
At 30 April 2022 (1,311 )

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.