Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-313No description of principal activity32022-04-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12503095 2022-04-01 2023-03-31 12503095 2021-04-01 2022-03-31 12503095 2023-03-31 12503095 2022-03-31 12503095 c:Director1 2022-04-01 2023-03-31 12503095 d:MotorVehicles 2022-04-01 2023-03-31 12503095 d:MotorVehicles 2023-03-31 12503095 d:MotorVehicles 2022-03-31 12503095 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12503095 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12503095 d:FurnitureFittings 2022-04-01 2023-03-31 12503095 d:FurnitureFittings 2023-03-31 12503095 d:FurnitureFittings 2022-03-31 12503095 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12503095 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12503095 d:OfficeEquipment 2022-04-01 2023-03-31 12503095 d:OfficeEquipment 2023-03-31 12503095 d:OfficeEquipment 2022-03-31 12503095 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12503095 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12503095 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12503095 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12503095 d:CurrentFinancialInstruments 2023-03-31 12503095 d:CurrentFinancialInstruments 2022-03-31 12503095 d:Non-currentFinancialInstruments 2023-03-31 12503095 d:Non-currentFinancialInstruments 2022-03-31 12503095 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12503095 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12503095 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12503095 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12503095 d:ShareCapital 2023-03-31 12503095 d:ShareCapital 2022-03-31 12503095 d:RetainedEarningsAccumulatedLosses 2023-03-31 12503095 d:RetainedEarningsAccumulatedLosses 2022-03-31 12503095 c:FRS102 2022-04-01 2023-03-31 12503095 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12503095 c:FullAccounts 2022-04-01 2023-03-31 12503095 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12503095 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 12503095 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 12503095 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 12503095 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 12503095 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 12503095 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 12503095 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12503095









AMMAX IBERIA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
AMMAX IBERIA LTD
REGISTERED NUMBER: 12503095

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
58,167
74,818

Investments
 5 
43,524
-

  
101,691
74,818

Current assets
  

Debtors: amounts falling due after more than one year
 6 
6,022
2,468

Debtors: amounts falling due within one year
 6 
77,464
151,257

Cash at bank and in hand
  
5,530
3,318

  
89,016
157,043

Creditors: amounts falling due within one year
 7 
(41,408)
(46,947)

Net current assets
  
 
 
47,608
 
 
110,096

Total assets less current liabilities
  
149,299
184,914

Creditors: amounts falling due after more than one year
 8 
(15,167)
(22,167)

  

Net assets
  
134,132
162,747


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
134,032
162,647

  
134,132
162,747


Page 1

 
AMMAX IBERIA LTD
REGISTERED NUMBER: 12503095
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2024.




Frits Van Der Kramer
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AMMAX IBERIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Going concern

At the date of signing there is a degree of uncertainty about the full economic impact of COVID-19, the cost of living and wider geopolitical environment. The directors continue to monitor the position closely, however they believe that the company will continue at its current level of activity subject to their continued support and they therefore continue to adopt the going concern basis.

 
1.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
1.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AMMAX IBERIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
1.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
AMMAX IBERIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and the reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
1.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

Ammax Iberia Ltd is a company limited by shares and registered in England, registration number 12503095. The registered address is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
AMMAX IBERIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
93,090
426
1,757
95,273


Additions
-
-
905
905



At 31 March 2023

93,090
426
2,662
96,178



Depreciation


At 1 April 2022
19,668
175
612
20,455


Charge for the year on owned assets
5,249
107
665
6,021


Charge for the year on financed assets
11,535
-
-
11,535



At 31 March 2023

36,452
282
1,277
38,011



Net book value



At 31 March 2023
56,638
144
1,385
58,167



At 31 March 2022
73,422
251
1,145
74,818

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
46,141
57,676

Page 6

 
AMMAX IBERIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in associates

£



Cost or valuation


Additions
43,524



At 31 March 2023
43,524





Participating interests


The company owns 50% of the shares in Ammax Iberia (Nederland) B.V.

Page 7

 
AMMAX IBERIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Deferred tax asset
6,022
2,468


2023
2022
£
£

Due within one year

Trade debtors
2,856
24,716

Amounts owed by joint ventures and associated undertakings
46,938
57,939

Other debtors
27,350
68,602

Prepayments and accrued income
320
-

77,464
151,257


Included within other debtors due within one year is a loan to a director, amounting to £26,294 (2022 - £65,981). The main conditions were as follows:

The loan is interest free and repayable on demand.


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,474
4,818

Other taxation and social security
28,445
31,374

Obligations under finance lease and hire purchase contracts
7,000
7,000

Other creditors
89
-

Accruals and deferred income
1,400
3,755

41,408
46,947



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
15,167
22,167


Page 8

 
AMMAX IBERIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
7,000
7,000

Between 1-5 years
15,167
22,167

22,167
29,167


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,205 (2022 - £2,686). Contributions totalling £nil were payable to the fund at the balance sheet date.


11.


Related party transactions

At 31 March 2023 there is a balance owed by a company under common control of £46,938 (2022: £57,939)

 
Page 9