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REGISTERED NUMBER: 01545263 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Anglia Handling Services Limited

Anglia Handling Services Limited (Registered number: 01545263)






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


Anglia Handling Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M G Burgess
Mr K Logue
Mr A Jefferies
Mr P S Acton





SECRETARY: Mr K Logue





REGISTERED OFFICE: Unit 3
Montgomery Way
Stratton Business Park
Biggleswade
Bedfordshire
SG18 8QB





REGISTERED NUMBER: 01545263 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD

Anglia Handling Services Limited (Registered number: 01545263)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 48,698 27,951

CURRENT ASSETS
Stocks 76,442 56,587
Debtors 6 300,311 310,564
Cash at bank and in hand 665,606 498,655
1,042,359 865,806
CREDITORS
Amounts falling due within one year 7 252,871 213,921
NET CURRENT ASSETS 789,488 651,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

838,186

679,836

PROVISIONS FOR LIABILITIES 12,905 5,311
NET ASSETS 825,281 674,525

CAPITAL AND RESERVES
Called up share capital 37,000 37,000
Share premium 12,400 12,400
Capital redemption reserve 5,000 5,000
Retained earnings 770,881 620,125
SHAREHOLDERS' FUNDS 825,281 674,525

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.

Anglia Handling Services Limited (Registered number: 01545263)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr M G Burgess - Director


Anglia Handling Services Limited (Registered number: 01545263)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Anglia Handling Services 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of lifting equipment and associated products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from equipment hire, inspection, repair, serving and testing is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the proportion of the total service complete at that point.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Anglia Handling Services Limited (Registered number: 01545263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 60,859 69,656 193,286 323,801
Additions 7,167 - 38,375 45,542
Disposals - - (17,715 ) (17,715 )
At 31 March 2023 68,026 69,656 213,946 351,628
DEPRECIATION
At 1 April 2022 60,859 65,054 169,937 295,850
Charge for year 1,433 2,455 20,907 24,795
Eliminated on disposal - - (17,715 ) (17,715 )
At 31 March 2023 62,292 67,509 173,129 302,930
NET BOOK VALUE
At 31 March 2023 5,734 2,147 40,817 48,698
At 31 March 2022 - 4,602 23,349 27,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 272,060 287,346
Other debtors 28,251 23,218
300,311 310,564

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,401 72,674
Taxation and social security 137,516 107,393
Other creditors 92,954 33,854
252,871 213,921

Anglia Handling Services Limited (Registered number: 01545263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £468,300.