Company registration number 04207808 (England and Wales)
A & R Sheet Metal Limited
Unaudited
financial statements
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
A & R Sheet Metal Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
A & R Sheet Metal Limited
Statement of Financial Position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,500
2,000
Tangible assets
4
32,116
38,340
33,616
40,340
Current assets
Stocks
15,000
12,417
Debtors
89,792
97,944
Cash at bank and in hand
4,212
104,792
114,573
Creditors: amounts falling due within one year
(108,253)
(116,759)
Net current liabilities
(3,461)
(2,186)
Total assets less current liabilities
30,155
38,154
Creditors: amounts falling due after more than one year
(30,109)
(35,504)
Net assets
46
2,650
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(54)
2,550
Total equity
46
2,650
A & R Sheet Metal Limited
Statement of Financial Position (continued)
as at 31 March 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 July 2024
A Foxton
Director
Company Registration No. 04207808
A & R Sheet Metal Limited
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the amount derived from the provisional of goods and services falling within the company's activities after deduction of trade discounts and value added tax. Turnover is recognised on supply of goods to customer.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
Straight line over the life of the lease
Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
10% Reducing balance
Motor vehicles
25% Reducing balance
Stocks
Stocks are stated at the lower of cost and net realisable value.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
7
8
A & R Sheet Metal Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 4 -
3
Intangible fixed assets
Total
£
Cost
At 1 April 2023 and 31 March 2024
5,000
Amortisation and impairment
At 1 April 2023
3,000
Amortisation charged for the year
500
At 31 March 2024
3,500
Carrying amount
At 31 March 2024
1,500
At 31 March 2023
2,000
4
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
10,054
146,978
19,026
10,000
186,058
Depreciation and impairment
At 1 April 2023
10,054
119,342
15,040
3,282
147,718
Depreciation charged in the year
4,145
399
1,680
6,224
At 31 March 2024
10,054
123,487
15,439
4,962
153,942
Carrying amount
At 31 March 2024
23,491
3,587
5,038
32,116
At 31 March 2023
27,636
3,986
6,718
38,340
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Company information
A & R Sheet Metal Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.