Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 | ||||||
Current assets | |||||||
Stocks | 5 | ||||||
Debtors | 6 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 7 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 8 | ( |
( |
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Provisions for liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
William Hazell-Smith | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover and revenue recognition | ||||||||
The company recognises revenue in respect of installation projects when the project is completed. Deposits received in advance are treated as deferred income until the project is complete. Revenue in respect of the provision of equipment sales and equipment maintenance services is recognised in the period in which the equipment or service is delivered. |
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Government grants | ||||||||
Government grants received in respect of salary costs relating to employees under the Coronavirus Job Retention Scheme are treated as a reduction in salary costs. | ||||||||
Tangible fixed assets | ||||||||
Leasehold land and buildings | over the lease term | |||||||
Motor vehicles | 25% Reducing balance | |||||||
Office equipment, tools and other fixed assets | 4 - 10 years | |||||||
Stock and work in progress | ||||||||
Work in progress comprises the cost of equipment allocated to, and other direct costs incurred in respect of, ongoing installation projects. |
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Taxation | ||||||||
Leased assets and Hire Purchase assets | ||||||||
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the Profit and Loss account in the period in which they fall due. Assets held under Hire Purchase contracts are recognised as fixed assets at their underlying cost and depreciated over their estimated useful life. The corresponding liability is included in the Balance Sheet as a Hire Purchase obligation. Hire Purchase payments are apportioned between finance costs in the Profit and Loss account and reduction of of the Hire Purchase obligation so as to allocate the finance costs over the term of the Hire Purchase contract. |
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Pensions | ||||||||
3 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
4 | Tangible fixed assets | |||||||
Land and buildings | Office equipment, tools and other fixed assets | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 March 2022 | ||||||||
Additions | ||||||||
At 28 February 2023 | ||||||||
Depreciation | ||||||||
At 1 March 2022 | ||||||||
Charge for the year | ||||||||
At 28 February 2023 | ||||||||
Net book value | ||||||||
At 28 February 2023 | ||||||||
At 28 February 2022 | ||||||||
5 | Stock and Work in progress | 2023 | 2022 | |||||
£ | £ | |||||||
Stock | 1,841,729 | 1,363,131 | ||||||
Work in progress | 347,810 | 706,537 | ||||||
2,189,539 | 2,069,668 | |||||||
6 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts owed by group undertakings | ||||||||
Other debtors | ||||||||
7 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Obligations under hire purchase contracts | ||||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
8 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Obligations under hire purchase contracts | ||||||||
9 | Other financial commitments | 2023 | 2022 | |||||
£ | £ | |||||||
Total future minimum payments under non-cancellable operating leases | ||||||||
10 | Contingent liabilities | |||||||
The company has a contingent liability in respect of a debenture over its assets granted on 26 February 2021 as security for a loan to Ampco 159 Limited. The outstanding loan balance at 28 February 2023 was £700,000 (2022: £850,000). | ||||||||
11 | Related party transactions | |||||||
12 | Controlling party | |||||||
The registered office address of Ampco 159 Limited is: 1 Graylands Gateway Langhurstwood Road, Horsham, West Sussex, RH12 4QD. The group is exempt from preparing consolidated accounts. |
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13 | Other information | |||||||
Hague Dental Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
1 Graylands Gateway | ||||||||
Langhurstwood Road | ||||||||
Horsham | ||||||||
West Sussex | ||||||||
RH12 4QD |