IRIS Accounts Production v24.1.0.578 02834132 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028341322022-07-31028341322023-07-31028341322022-08-012023-07-31028341322021-07-31028341322021-08-012022-07-31028341322022-07-3102834132ns15:EnglandWales2022-08-012023-07-3102834132ns14:PoundSterling2022-08-012023-07-3102834132ns10:Director12022-08-012023-07-3102834132ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3102834132ns10:SmallEntities2022-08-012023-07-3102834132ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3102834132ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3102834132ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3102834132ns10:FullAccounts2022-08-012023-07-3102834132ns10:Director22022-08-012023-07-3102834132ns10:CompanySecretary12022-08-012023-07-3102834132ns10:RegisteredOffice2022-08-012023-07-3102834132ns5:CurrentFinancialInstruments2023-07-3102834132ns5:CurrentFinancialInstruments2022-07-3102834132ns5:ShareCapital2023-07-3102834132ns5:ShareCapital2022-07-3102834132ns5:RetainedEarningsAccumulatedLosses2023-07-3102834132ns5:RetainedEarningsAccumulatedLosses2022-07-3102834132ns5:PlantMachinery2022-08-012023-07-3102834132ns5:LandBuildings2022-07-3102834132ns5:PlantMachinery2022-07-3102834132ns5:FurnitureFittings2022-07-3102834132ns5:LandBuildings2022-08-012023-07-3102834132ns5:FurnitureFittings2022-08-012023-07-3102834132ns5:LandBuildings2023-07-3102834132ns5:PlantMachinery2023-07-3102834132ns5:FurnitureFittings2023-07-3102834132ns5:LandBuildings2022-07-3102834132ns5:PlantMachinery2022-07-3102834132ns5:FurnitureFittings2022-07-3102834132ns5:MotorVehicles2022-07-3102834132ns5:ComputerEquipment2022-07-3102834132ns5:MotorVehicles2022-08-012023-07-3102834132ns5:ComputerEquipment2022-08-012023-07-3102834132ns5:MotorVehicles2023-07-3102834132ns5:ComputerEquipment2023-07-3102834132ns5:MotorVehicles2022-07-3102834132ns5:ComputerEquipment2022-07-3102834132ns5:CostValuation2022-07-3102834132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3102834132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31028341321ns10:Director12022-07-31028341321ns10:Director12021-07-31028341321ns10:Director12022-08-012023-07-31028341321ns10:Director12021-08-012022-07-31028341321ns10:Director12023-07-31028341321ns10:Director12022-07-3102834132ns10:Director222022-07-3102834132ns10:Director222021-07-3102834132ns10:Director222022-08-012023-07-3102834132ns10:Director222021-08-012022-07-3102834132ns10:Director222023-07-3102834132ns10:Director222022-07-31
REGISTERED NUMBER: 02834132 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Assistmost Enterprises Limited

Assistmost Enterprises Limited (Registered number: 02834132)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Assistmost Enterprises Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr C Sheppard
Mr A J Sheppard





SECRETARY: Mr C Sheppard





REGISTERED OFFICE: Drummau Farm
Drummau Road
Skewen
NEATH
SA10 6NW





REGISTERED NUMBER: 02834132 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Assistmost Enterprises Limited (Registered number: 02834132)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 844,110 451,428
Investments 5 75,000 75,000
919,110 526,428

CURRENT ASSETS
Stocks 19,033 19,033
Debtors 6 716,908 420,800
Cash at bank 22,996 115,060
758,937 554,893
CREDITORS
Amounts falling due within one year 7 442,039 138,731
NET CURRENT ASSETS 316,898 416,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,236,008

942,590

PROVISIONS FOR LIABILITIES 115,845 81,882
NET ASSETS 1,120,163 860,708

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,120,161 860,706
SHAREHOLDERS' FUNDS 1,120,163 860,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Assistmost Enterprises Limited (Registered number: 02834132)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:





Mr C Sheppard - Director


Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Assistmost Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 - 605,082 -
Additions 300,000 30,035 75,000
Disposals - - -
At 31 July 2023 300,000 635,117 75,000
DEPRECIATION
At 1 August 2022 - 263,235 -
Charge for year - 87,860 -
At 31 July 2023 - 351,095 -
NET BOOK VALUE
At 31 July 2023 300,000 284,022 75,000
At 31 July 2022 - 341,847 -

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 292,248 19,773 917,103
Additions 160,286 1,150 566,471
Disposals (45,570 ) - (45,570 )
At 31 July 2023 406,964 20,923 1,438,004
DEPRECIATION
At 1 August 2022 184,702 17,738 465,675
Charge for year 39,778 581 128,219
At 31 July 2023 224,480 18,319 593,894
NET BOOK VALUE
At 31 July 2023 182,484 2,604 844,110
At 31 July 2022 107,546 2,035 451,428

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 75,000
NET BOOK VALUE
At 31 July 2023 75,000
At 31 July 2022 75,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,219 103,009
Intercompany 180,000 157,070
Other debtors 413,000 -
Directors' current accounts - 141,479
VAT 2,689 19,242
716,908 420,800

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 56,500 80,500
Trade creditors 10,160 50,773
Tax 69,401 1,528
Social security and other taxes 1,865 1,094
Intercompany creditors 300,000 -
Directors' current accounts 422 1,614
Accrued expenses 3,691 3,222
442,039 138,731

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr C Sheppard
Balance outstanding at start of year 141,479 (9,440 )
Amounts advanced - 300,000
Amounts repaid (141,479 ) (149,081 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 141,479

Mr A J Sheppard
Balance outstanding at start of year (1,614 ) (2,014 )
Amounts advanced 1,192 400
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (422 ) (1,614 )

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RELATED PARTY DISCLOSURES

Monolithic Environmental Services Ltd

Mr C Sheppard & Mr A Sheppard are directors and shareholders of this company.

As at 31 July 2023 there was a £120,000 (2022- £15,444 debtor) creditor balance due to Monolithic Environmental Services Ltd.

During the year the company made sales to Monolithic Environmental Services Ltd totalling £92,360 (2022- £174,838). As at the year end included in trade debtors is an amount of £20,472 (2022 - £20,472) due from Monolithic Environmental Ltd.


Monolithic Refractories Ltd

Mr C Sheppard is a director & Mr A Sheppard is a shareholder of this company.

As at 31 July 2023 there was a £180,000 (2021- £6,626 debtor) creditor balance due to Monolithic Refractories Ltd.

During the year the company made sales to Monolithic Refractories Ltd totalling £430,880 (2022- £400,135). As at the year end included in trade debtors is an amount of £92,280 (2022 - £74,826) due from Monolithic Refractories Ltd.


Glyn Clydach Hotel

Mr A Sheppard is a director and shareholder of this company.

As at 31 July 2023 there was a £180,000 (2022 - £130,000) debtor balance outstanding from Glyn Clydach Hotel Ltd.

During the year the company made sales to Glyn Clydach Hotel Ltd totalling £3,606 (2022- £nil). As at the year end included in trade debtors is an amount of £691 (2022 - £nil) due from Glyn Clydach Hotel Ltd.

All transactions between related parties were at an arms length basis.