Registered number
05684560
AHM LTD
Filleted Accounts
31 January 2023
CLH Accounting
Masons Business Centre
159a Wellgate
Rotherham
S60 2NN
AHM LTD
Registered number: 05684560
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16,992 7,252
Current assets
Stocks 2,048 198
Debtors 4 5,560 4,570
Cash at bank and in hand 1,021 6,148
8,629 10,916
Creditors: amounts falling due within one year 5 (15,991) (15,272)
Net current liabilities (7,362) (4,356)
Total assets less current liabilities 9,630 2,896
Creditors: amounts falling due after more than one year 6 (16,931) (10,266)
Provisions for liabilities (3,228) (1,378)
Net liabilities (10,529) (8,748)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,629) (8,848)
Shareholders' funds (10,529) (8,748)
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 members have 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.
S Goreham
Director
Approved by the board on 24 October 2023
AHM LTD
Notes to the Accounts
for the year ended 31 January 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.
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 20% 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 5,724 17,229 22,953
Additions 210 20,512 20,722
Disposals - (17,229) (17,229)
At 31 January 2023 5,934 20,512 26,446
Depreciation
At 1 February 2022 3,923 11,778 15,701
Charge for the year 403 5,128 5,531
On disposals - (11,778) (11,778)
At 31 January 2023 4,326 5,128 9,454
Net book value
At 31 January 2023 1,608 15,384 16,992
At 31 January 2022 1,801 5,451 7,252
4 Debtors 2023 2022
£ £
Trade debtors - 376
Other debtors 5,560 4,194
5,560 4,570
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,000 2,000
Obligations under finance lease and hire purchase contracts 3,426 2,666
Trade creditors - 912
Taxation and social security costs 8,036 6,912
Other creditors 3,529 2,782
15,991 15,272
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,084 6,530
Obligations under finance lease and hire purchase contracts 10,847 3,736
16,931 10,266
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 14,273 6,402
Obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Goreham
Unsecured interest free loan (3,643) (5,930) 4,356 (5,217)
(3,643) (5,930) 4,356 (5,217)
9 Controlling party
The company is wholly controlled by Mr S Goreham who is the only director and shareholder.
10 Other information
AHM LTD is a private company limited by shares and incorporated in England. Its registered office is:
27 Mattersey Road
Lound
Retford
DN22 8RP
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