Company Registration No. 10090755 (England and Wales)
AMO STEEL DETAILING LIMITED
Unaudited accounts
for the year ended 31 March 2023
AMO STEEL DETAILING LIMITED
Unaudited accounts
Contents
AMO STEEL DETAILING LIMITED
Company Information
for the year ended 31 March 2023
Company Number
10090755 (England and Wales)
Registered Office
Unit 23
K3 Business Park
Hull
HU5 1SN
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
AMO STEEL DETAILING LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
6,178
5,455
Cash at bank and in hand
97,577
192,420
Creditors: amounts falling due within one year
(41,784)
(82,570)
Net current assets
113,129
188,120
Total assets less current liabilities
119,307
193,575
Creditors: amounts falling due after more than one year
(10,702)
(15,833)
Net assets
108,605
177,742
Called up share capital
50
100
Profit and loss account
108,555
177,642
Shareholders' funds
108,605
177,742
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
MR A OUTRAM
Director
Company Registration No. 10090755
AMO STEEL DETAILING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
AMO STEEL DETAILING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10090755. The registered office is Unit 23, K3 Business Park, Hull, HU5 1SN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on Cost
Computer equipment
20% on Cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
AMO STEEL DETAILING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
925
14,087
15,012
At 31 March 2023
925
17,274
18,199
At 1 April 2022
351
9,206
9,557
Charge for the year
181
2,283
2,464
At 31 March 2023
532
11,489
12,021
At 31 March 2023
393
5,785
6,178
At 31 March 2022
574
4,881
5,455
Amounts falling due within one year
Trade debtors
57,336
70,929
Amounts due from group undertakings etc.
-
7,341
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,066
5,000
Taxes and social security
9,438
40,417
Loans from directors
837
19
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
100
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).