Registered number
08087680
A&R Utilities (North East) Limited
Filleted Accounts
31 March 2023
A&R Utilities (North East) Limited
Registered number: 08087680
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 73,209 62,682
Current assets
Debtors 5 47,621 129,460
Cash at bank and in hand 96,695 132,196
144,316 261,656
Creditors: amounts falling due within one year 6 (30,403) (87,028)
Net current assets 113,913 174,628
Total assets less current liabilities 187,122 237,310
Creditors: amounts falling due after more than one year 7 (35,281) (40,933)
Net assets 151,841 196,377
Capital and reserves
Called up share capital 100 100
Profit and loss account 151,741 196,277
Shareholder's funds 151,841 196,377
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.
G Mellor
Director
Approved by the board on 14 November 2023
A&R Utilities (North East) Limited
Notes to the Accounts
for the year ended 31 March 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 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicles 20% 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 10,100
At 31 March 2023 10,100
Amortisation
At 1 April 2022 10,100
At 31 March 2023 10,100
Net book value
At 31 March 2023 -
Goodwill is being 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 April 2022 26,987 68,015 95,002
Additions 23,000 5,829 28,829
At 31 March 2023 49,987 73,844 123,831
Depreciation
At 1 April 2022 10,403 21,917 32,320
Charge for the year 7,917 10,385 18,302
At 31 March 2023 18,320 32,302 50,622
Net book value
At 31 March 2023 31,667 41,542 73,209
At 31 March 2022 16,584 46,098 62,682
5 Debtors 2023 2022
£ £
Trade debtors - 6,714
Other debtors 47,621 122,746
47,621 129,460
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,795 10,000
Obligations under finance lease and hire purchase contracts 13,806 5,396
Taxation and social security costs 2,602 67,732
Other creditors 3,200 3,900
30,403 87,028
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,755 32,500
Obligations under finance lease and hire purchase contracts 14,526 8,433
35,281 40,933
8 Controlling party
The company was under the control of the director throughout the current and previous years.
9 Other information
A&R Utilities (North East) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beaumont House
Redburn Road
Newcastle Upon Tyne
NE5 1NB
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