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REGISTERED NUMBER: 01030819 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AMCOL ENGINEERING LTD

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMCOL ENGINEERING LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: Mr G D Folwell
Mrs J M Folwell





SECRETARY: Mr G D Folwell





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Fountain Court
2 Victoria Square
Victoria Street
St Albans
Herts
AL1 3TF





REGISTERED NUMBER: 01030819 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,531 110,966

CURRENT ASSETS
Debtors 5 515,122 408,054
Cash at bank 1,198,023 1,244,740
1,713,145 1,652,794
CREDITORS
Amounts falling due within one year 6 240,171 277,758
NET CURRENT ASSETS 1,472,974 1,375,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,561,505

1,486,002

PROVISIONS FOR LIABILITIES 22,133 21,084
NET ASSETS 1,539,372 1,464,918

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,539,272 1,464,818
SHAREHOLDERS' FUNDS 1,539,372 1,464,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Mr G D Folwell - Director


AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Amcol Engineering Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 303,740 3,095 130,603 17,128 454,566
Additions - - 48,330 3,493 51,823
At 31 March 2023 303,740 3,095 178,933 20,621 506,389
DEPRECIATION
At 1 April 2022 220,629 3,095 103,116 16,760 343,600
Charge for year 49,935 - 22,813 1,510 74,258
At 31 March 2023 270,564 3,095 125,929 18,270 417,858
NET BOOK VALUE
At 31 March 2023 33,176 - 53,004 2,351 88,531
At 31 March 2022 83,111 - 27,487 368 110,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 474,893 370,016
Other debtors 25,833 25,000
Prepayments 14,396 13,038
515,122 408,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 110,667 103,252
Corporation tax 39,264 45,509
Taxation and social security 8,647 10,598
VAT 18,602 17,908
Director's current account 61,547 99,197
Accrued expenses 1,444 1,294
240,171 277,758

7. ULTIMATE CONTROLLING PARTY

Mr G D Folwell and Mrs J M Folwell have ultimate control of the company