Anglia Suspended Ceilings Limited 07276237 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Installation of ceilings Digita Accounts Production Advanced 6.30.9574.0 true true 07276237 2022-07-01 2023-06-30 07276237 2023-06-30 07276237 bus:Director1 2023-06-30 07276237 bus:Revised 2023-06-30 07276237 core:CurrentFinancialInstruments 2023-06-30 07276237 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07276237 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 07276237 core:MotorVehicles 2023-06-30 07276237 core:OfficeEquipment 2023-06-30 07276237 core:PlantMachinery 2023-06-30 07276237 bus:SmallEntities 2022-07-01 2023-06-30 07276237 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07276237 bus:FullAccounts 2022-07-01 2023-06-30 07276237 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07276237 bus:RegisteredOffice 2022-07-01 2023-06-30 07276237 bus:Director1 2022-07-01 2023-06-30 07276237 bus:Director2 2022-07-01 2023-06-30 07276237 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07276237 core:CommercialMotorVehicles 2022-07-01 2023-06-30 07276237 core:MotorVehicles 2022-07-01 2023-06-30 07276237 core:OfficeEquipment 2022-07-01 2023-06-30 07276237 core:PlantMachinery 2022-07-01 2023-06-30 07276237 countries:England 2022-07-01 2023-06-30 07276237 2022-06-30 07276237 core:MotorVehicles 2022-06-30 07276237 core:OfficeEquipment 2022-06-30 07276237 core:PlantMachinery 2022-06-30 07276237 2021-07-01 2022-06-30 07276237 2022-06-30 07276237 core:CurrentFinancialInstruments 2022-06-30 07276237 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 07276237 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 07276237 core:MotorVehicles 2022-06-30 07276237 core:OfficeEquipment 2022-06-30 07276237 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 07276237

Anglia Suspended Ceilings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Anglia Suspended Ceilings Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Anglia Suspended Ceilings Limited

Company Information

Director

David Mulley

Registered office

Unit 11
Brickworks Business Estate Old Stowmarket Road
Woolpit
Bury St. Edmunds
Suffolk
IP30 9QS

Accountants

CG ACCOUNTING & TAX LTD
4 Ashingdon Heights
Rochford
Essex
SS43TH

 

Anglia Suspended Ceilings Limited

Director's Report for the Year Ended 30 June 2023

Directors of the company

The directors who held office during the year were as follows:

Mark Shephard (ceased 12 October 2022)

David Mulley

Principal activity

The principal activity of the company is Installation of ceilings

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 March 2024
 

.........................................
David Mulley
Director

 

Anglia Suspended Ceilings Limited

(Registration number: 07276237)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

37,923

90,109

Current assets

 

Stocks

5

210,199

637,990

Debtors

6

237,935

293,320

Cash at bank and in hand

 

2,732

18,428

 

450,866

949,738

Creditors: Amounts falling due within one year

7

(317,860)

(688,139)

Net current assets

 

133,006

261,599

Total assets less current liabilities

 

170,929

351,708

Creditors: Amounts falling due after more than one year

7

(162,500)

(153,904)

Provisions for liabilities

(1,768)

(18,886)

Net assets

 

6,661

178,918

Capital and reserves

 

Called up share capital

50

100

Capital redemption reserve

50

-

Retained earnings

6,561

178,818

Shareholders' funds

 

6,661

178,918

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Anglia Suspended Ceilings Limited

(Registration number: 07276237)
Balance Sheet as at 30 June 2023

Approved and authorised by the director on 8 March 2024
 

.........................................
David Mulley
Director

 

Anglia Suspended Ceilings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 11
Brickworks Business Estate Old Stowmarket Road
Woolpit
Bury St. Edmunds
Suffolk
IP30 9QS

These financial statements were authorised for issue by the director on 8 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Anglia Suspended Ceilings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Vans

20% reducing balance

Office equipment

20% reducing balance

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Anglia Suspended Ceilings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Anglia Suspended Ceilings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 4).

 

Anglia Suspended Ceilings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

-

32,646

195,165

227,811

Additions

1,400

141

-

1,541

Disposals

-

-

(75,382)

(75,382)

At 30 June 2023

1,400

32,787

119,783

153,970

Depreciation

At 1 July 2022

-

21,141

116,561

137,702

Charge for the year

-

2,301

8,594

10,895

Eliminated on disposal

-

-

(32,550)

(32,550)

At 30 June 2023

-

23,442

92,605

116,047

Carrying amount

At 30 June 2023

1,400

9,345

27,178

37,923

At 30 June 2022

-

11,505

78,604

90,109

5

Stocks

2023
£

2022
£

Raw materials and consumables

120,000

120,000

Work in progress

90,199

517,990

210,199

637,990

6

Debtors

Current

2023
£

2022
£

Trade debtors

237,935

290,549

Other debtors

-

2,771

 

237,935

293,320

 

Anglia Suspended Ceilings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

14,765

115,935

Trade creditors

 

64,875

260,223

Taxation and social security

 

43,959

35,142

Accruals and deferred income

 

9,904

74,616

Other creditors

 

184,357

202,223

 

317,860

688,139

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

162,500

153,904

8

Related party transactions

 

Anglia Suspended Ceilings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

50,000

48,000