Registered number
14775344
A2O Manufacturing Ltd
Filleted Accounts
31 December 2023
A2O Manufacturing Ltd
Registered number: 14775344
Balance Sheet
as at 31 December 2023
Notes 2023
£
Current assets
Debtors 3 11,481
Cash at bank and in hand 860
12,341
Creditors: amounts falling due within one year 4 (69,566)
Net current liabilities (57,225)
Net liabilities (57,225)
Capital and reserves
Called up share capital 1
Profit and loss account (57,226)
Shareholders' funds (57,225)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nigel Allman
Director
Approved by the board on 3 September 2024
A2O Manufacturing Ltd
Notes to the Accounts
for the period from 3 April 2023 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going concern
Notwithstanding the loss for the period and the negative reserves position, the accounts have been prepared on the going concern basis on the understanding that the directors will continue to support the company financially for the foreseeable future.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 2
3 Debtors 2023
£
Trade debtors 1,353
Other debtors 10,128
11,481
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 47,284
Amounts owed to group undertakings and undertakings in which the company has a participating interest 14,500
Other creditors 7,782
69,566
5 Related party transactions
The company has received an interest free loan from a company in the sum of £14,500 in which Mr Allman is a director and shareholder. Included within trade creditors is amounts owed to related parties to the sum of £42,631.
During the year a director loaned £15,000 to the company, the balance outstanding at the year end amounted to £5,296 and is included within other creditors. Interest at 8% is charged on the credit balance.
6 Other information
A2O Manufacturing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Innovation Centre
Keckwick Lane
Daresbury
Warrington
WA4 4FS
A2O Manufacturing Ltd 14775344 false 2023-04-03 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mr Nigel Allman No description of principal activity 14775344 2023-04-03 2023-12-31 14775344 bus:PrivateLimitedCompanyLtd 2023-04-03 2023-12-31 14775344 bus:AuditExemptWithAccountantsReport 2023-04-03 2023-12-31 14775344 bus:Director40 2023-04-03 2023-12-31 14775344 1 2023-04-03 2023-12-31 14775344 2 2023-04-03 2023-12-31 14775344 countries:England 2023-04-03 2023-12-31 14775344 bus:FRS102 2023-04-03 2023-12-31 14775344 bus:FilletedAccounts 2023-04-03 2023-12-31 14775344 2023-12-31 14775344 core:WithinOneYear 2023-12-31 14775344 core:ShareCapital 2023-12-31 14775344 core:RetainedEarningsAccumulatedLosses 2023-12-31 14775344 2023-04-02 iso4217:GBP xbrli:pure