Company Registration No. 01971174 (England and Wales)
A.M.K. Maintenance Leeds Limited
Unaudited accounts
for the year ended 30 November 2023
A.M.K. Maintenance Leeds Limited
Unaudited accounts
Contents
A.M.K. Maintenance Leeds Limited
Statement of financial position
as at 30 November 2023
Tangible assets
187,077
164,027
Cash at bank and in hand
122,110
88,032
Creditors: amounts falling due within one year
(403,711)
(389,303)
Net current assets
177,546
140,629
Total assets less current liabilities
364,623
304,656
Creditors: amounts falling due after more than one year
(97,110)
(168,469)
Provisions for liabilities
Deferred tax
(32,664)
(27,652)
Net assets
234,849
108,535
Called up share capital
100
100
Profit and loss account
234,749
108,435
Shareholders' funds
234,849
108,535
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by
Mr N W Appleton
Director
Company Registration No. 01971174
A.M.K. Maintenance Leeds Limited
Notes to the Accounts
for the year ended 30 November 2023
A.M.K. Maintenance Leeds Limited is a private company, limited by shares, registered in England and Wales, registration number 01971174. The registered office is Seaton House , 3 Aberford Road, Garforth, Leeds, LS25 1PZ, England.
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.
The accounts are presented in £ sterling.
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.
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:
Stock and Work in progress
Stock and Work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
A.M.K. Maintenance Leeds Limited
Notes to the Accounts
for the year ended 30 November 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
The directors recognise and have considered the impact of Covid-19 on the business and have concluded that the company remains a going concern.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
26,514
286,550
97,151
410,215
Additions
3,254
106,941
2,399
112,594
Disposals
-
(39,990)
-
(39,990)
At 30 November 2023
29,768
353,501
99,550
482,819
At 1 December 2022
21,014
129,378
95,796
246,188
Charge for the year
1,985
55,479
1,254
58,718
On disposals
-
(9,164)
-
(9,164)
At 30 November 2023
22,999
175,693
97,050
295,742
At 30 November 2023
6,769
177,808
2,500
187,077
At 30 November 2022
5,500
157,172
1,355
164,027
Amounts falling due within one year
Trade debtors
424,147
420,917
Other debtors
35,000
20,983
A.M.K. Maintenance Leeds Limited
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
43,816
43,816
Obligations under finance leases and hire purchase contracts
60,366
55,784
Trade creditors
119,725
100,049
Taxes and social security
121,322
132,495
Other creditors
53,482
52,159
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
43,475
66,383
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Deferred taxation
2023
2022
Accelerated capital allowances
32,664
27,652
Provision at start of year
27,652
17,554
Charged to the profit and loss account
5,012
10,098
Provision at end of year
32,664
27,652
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Average number of employees
During the year the average number of employees was 29 (2022: 29).