Advanced Mini Piling Systems Limited 05444369 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is that of specialised piling and foundation engineering. Digita Accounts Production Advanced 6.30.9574.0 true 05444369 2022-02-01 2023-01-31 05444369 2023-01-31 05444369 core:CapitalRedemptionReserve 2023-01-31 05444369 core:RetainedEarningsAccumulatedLosses 2023-01-31 05444369 core:ShareCapital 2023-01-31 05444369 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 05444369 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 05444369 bus:SmallEntities 2022-02-01 2023-01-31 05444369 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 05444369 bus:FullAccounts 2022-02-01 2023-01-31 05444369 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 05444369 bus:RegisteredOffice 2022-02-01 2023-01-31 05444369 bus:Director1 2022-02-01 2023-01-31 05444369 bus:Director1 1 2022-02-01 2023-01-31 05444369 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 05444369 core:PlantMachinery 2022-02-01 2023-01-31 05444369 core:Vehicles 2022-02-01 2023-01-31 05444369 countries:AllCountries 2022-02-01 2023-01-31 05444369 2022-01-31 05444369 2021-02-01 2022-01-31 05444369 2022-01-31 05444369 core:CapitalRedemptionReserve 2022-01-31 05444369 core:RetainedEarningsAccumulatedLosses 2022-01-31 05444369 core:ShareCapital 2022-01-31 05444369 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 05444369 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 05444369

Advanced Mini Piling Systems Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2023

 

Advanced Mini Piling Systems Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Advanced Mini Piling Systems Limited

(Registration number: 05444369)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

161,558

206,978

Current assets

 

Stocks

6,150

5,600

Debtors

334,092

231,748

Cash at bank and in hand

 

452,997

386,317

 

793,239

623,665

Creditors: Amounts falling due within one year

(165,222)

(151,293)

Net current assets

 

628,017

472,372

Total assets less current liabilities

 

789,575

679,350

Creditors: Amounts falling due after more than one year

(35,974)

(80,122)

Provisions for liabilities

(32,751)

(21,025)

Net assets

 

720,850

578,203

Capital and reserves

 

Called up share capital

250

250

Capital redemption reserve

250

250

Profit and loss account

720,350

577,703

Total equity

 

720,850

578,203

 

Advanced Mini Piling Systems Limited

(Registration number: 05444369)
Abridged Balance Sheet as at 31 January 2023

For the financial year ending 31 January 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 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 and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 January 2024
 

Mr M Noakes

Director

 

Advanced Mini Piling Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

1

General information

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

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 18 January 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company 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.

The current 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 on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Advanced Mini Piling Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

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

Plant & Machinery

25% - Reducing Balance

Motor Vehicles

25% - Reducing Balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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 stocks 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 5).

 

Advanced Mini Piling Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Total
£

Cost or valuation

At 1 February 2022

328,334

At 31 January 2023

328,334

Depreciation

At 1 February 2022

121,355

Charge for the year

45,421

At 31 January 2023

166,776

Carrying amount

At 31 January 2023

161,558

At 31 January 2022

206,978

5

Related party transactions

Advances to directors


Mr M Noakes

During the period Mr M Noakes went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £77,085 (2022 - £Nil). At the year end the amount outstanding from Mr M Noakes was £52,302 (2022 - £). Interest has been charged at the commercial rate.