Registered number
05916166
ANGLO GROUND SERVICES LTD
Filleted Accounts
31 August 2023
ANGLO GROUND SERVICES LTD
Registered number: 05916166
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 47,902 25,410
Current assets
Stocks 300 300
Debtors 5 38,872 35,451
Cash at bank and in hand 196,177 195,807
235,349 231,558
Creditors: amounts falling due within one year 6 (53,558) (51,539)
Net current assets 181,791 180,019
Total assets less current liabilities 229,693 205,429
Provisions for liabilities (9,102) (4,608)
Net assets 220,591 200,821
Capital and reserves
Called up share capital 100 100
Profit and loss account 220,491 200,721
Shareholder's funds 220,591 200,821
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 Paul Matthews
Director
Approved by the board on 12 October 2023
ANGLO GROUND SERVICES LTD
Notes to the Accounts
for the year ended 31 August 2023
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:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
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 2023 2022
Number Number
Average number of persons,including the director employed by the company 5 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 60,000
At 31 August 2023 60,000
Amortisation
At 1 September 2022 60,000
At 31 August 2023 60,000
Net book value
At 31 August 2023 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 32,025 46,155 78,180
Additions 15,796 21,800 37,596
Disposals (2,990) (23,168) (26,158)
At 31 August 2023 44,831 44,787 89,618
Depreciation
At 1 September 2022 24,108 28,662 52,770
Charge for the year 4,976 4,418 9,394
On disposals (2,625) (17,823) (20,448)
At 31 August 2023 26,459 15,257 41,716
Net book value
At 31 August 2023 18,372 29,530 47,902
At 31 August 2022 7,917 17,493 25,410
5 Debtors 2023 2022
£ £
Trade debtors 36,696 32,307
Other debtors 2,176 3,144
38,872 35,451
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,399 2,742
Taxation and social security costs 18,297 18,709
Other creditors 33,862 30,088
53,558 51,539
7 Other information
ANGLO GROUND SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
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