IRIS Accounts Production v24.1.9.2 01118343 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 20.9.24 true false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011183432022-12-31011183432023-12-31011183432023-01-012023-12-31011183432021-12-31011183432022-01-012022-12-31011183432022-12-3101118343ns15:EnglandWales2023-01-012023-12-3101118343ns14:PoundSterling2023-01-012023-12-3101118343ns10:Director12023-01-012023-12-3101118343ns10:Director22023-01-012023-12-3101118343ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101118343ns10:SmallEntities2023-01-012023-12-3101118343ns10:Audited2023-01-012023-12-3101118343ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101118343ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101118343ns10:FullAccounts2023-01-012023-12-3101118343ns10:OrdinaryShareClass12023-01-012023-12-3101118343ns10:Director32023-01-012023-12-3101118343ns10:Director52023-01-012023-12-3101118343ns10:CompanySecretary12023-01-012023-12-3101118343ns10:RegisteredOffice2023-01-012023-12-3101118343ns5:CurrentFinancialInstruments2023-12-3101118343ns5:CurrentFinancialInstruments2022-12-3101118343ns5:ShareCapital2023-12-3101118343ns5:ShareCapital2022-12-3101118343ns5:RetainedEarningsAccumulatedLosses2023-12-3101118343ns5:RetainedEarningsAccumulatedLosses2022-12-3101118343ns5:LeaseholdImprovements2022-12-3101118343ns5:PlantMachinery2022-12-3101118343ns5:FurnitureFittings2022-12-3101118343ns5:MotorVehicles2022-12-3101118343ns5:LeaseholdImprovements2023-01-012023-12-3101118343ns5:PlantMachinery2023-01-012023-12-3101118343ns5:FurnitureFittings2023-01-012023-12-3101118343ns5:MotorVehicles2023-01-012023-12-3101118343ns5:LeaseholdImprovements2023-12-3101118343ns5:PlantMachinery2023-12-3101118343ns5:FurnitureFittings2023-12-3101118343ns5:MotorVehicles2023-12-3101118343ns5:LeaseholdImprovements2022-12-3101118343ns5:PlantMachinery2022-12-3101118343ns5:FurnitureFittings2022-12-3101118343ns5:MotorVehicles2022-12-3101118343ns5:CostValuation2022-12-3101118343ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101118343ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101118343ns5:WithinOneYear2023-12-3101118343ns5:WithinOneYear2022-12-3101118343ns5:BetweenOneFiveYears2023-12-3101118343ns5:BetweenOneFiveYears2022-12-3101118343ns5:AllPeriods2023-12-3101118343ns5:AllPeriods2022-12-3101118343ns5:DeferredTaxation2022-12-3101118343ns5:DeferredTaxation2023-12-3101118343ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 01118343 (England and Wales)


























AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A & M ENERGY SOLUTIONS LIMITED

A & M ENERGY SOLUTIONS LIMITED (REGISTERED NUMBER: 01118343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A & M ENERGY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Atherton
Mr G K Mollard
Mrs S L Roldaan
Mr I M Holland



SECRETARY: Mr J J Mansfield



REGISTERED OFFICE: Environmental House
Sandwash Close
Rainford Ind Estate
Rainford
Merseyside
WA11 8LY



REGISTERED NUMBER: 01118343 (England and Wales)



AUDITORS: Livesey Spottiswood Ltd
Chartered Accountants and
Statutory Auditors
17 George Street
St Helens
Merseyside
WA10 1DB



BANKERS: National Westminster Bank Plc
5 Ormskirk Street
St Helens
Merseyside
WA10 1DR

A & M ENERGY SOLUTIONS LIMITED (REGISTERED NUMBER: 01118343)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 55,762 38,554
Investments 5 100 100
55,862 38,654

CURRENT ASSETS
Debtors 6 3,921,837 2,457,837
Cash at bank and in hand 39,438 349,525
3,961,275 2,807,362
CREDITORS
Amounts falling due within one year 7 (1,880,161 ) (1,183,268 )
NET CURRENT ASSETS 2,081,114 1,624,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,136,976

1,662,748

PROVISIONS FOR LIABILITIES 9 (13,941 ) (9,629 )
NET ASSETS 2,123,035 1,653,119

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,122,935 1,653,019
SHAREHOLDERS' FUNDS 2,123,035 1,653,119

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 19 September 2024 and were signed on its behalf by:




Mr G K Mollard - Director



Mr S Atherton - Director


A & M ENERGY SOLUTIONS LIMITED (REGISTERED NUMBER: 01118343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

A & M Energy Solutions 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

General information and basis of preparation
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about A & M Energy Solutions Limited as an individual company and do not contain consolidated information as the parent of a group. The company is exempt under section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, A & M Energy Group Limited, a company incorporated in England and Wales.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies as set out below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that may have a material effect on the amounts recognised in the financial statements are described below.

Bad debt provision
The company provides against debtors when the directors are made aware of specific issues but also based on the ageing of the debts. All post year end information, including credit notes, are considered in the directors calculation and any amounts considered irrecoverable are provided against in full.

Accrual for dilapidations
The company has numerous property leases whereby an accrual for dilapidations is calculated on a straight line basis over the term of the lease, and is based on the evaluation of future estimated costs to restore such properties to their original condition.

Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities described below.

Installations
Turnover from the installation of insulation materials is recognised upon completion of the installation, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the installation can be measured reliably.

Interest receivable
Interest income is recognised using the effective interest method.

A & M ENERGY SOLUTIONS LIMITED (REGISTERED NUMBER: 01118343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Improvements to property- Over the term of the lease
Plant and machinery- Straight line over 5 years
Office equipment and computers- Straight line over 3 years
Motor vehicles- Straight line over 5 years on original cost

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment in the financial statements.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Assets acquired under hire purchase contracts or finance leases are capitalised and depreciated over the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

A & M ENERGY SOLUTIONS LIMITED (REGISTERED NUMBER: 01118343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Related parties
For the purposes of these financial statements, a party is considered to be related to the company if:
1. the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in making financial and operating decisions, or has joint control over the company;
2. the company and the party are subject to common control;
3. the party is an associate of the company or a joint venture in which the company is a venturer;
4. the party is a member of key management personnel of the company or the company's parent, or close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;
5. the party is a close family member of a party referred to in (1) or is an entity under the control, joint control or significant influence of such individuals; or
6. the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.

Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Office
Improvements equipment
to Plant and and Motor
property machinery computers vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 193,325 510,107 268,498 41,900 1,013,830
Additions - 46,127 - - 46,127
At 31 December 2023 193,325 556,234 268,498 41,900 1,059,957
DEPRECIATION
At 1 January 2023 191,164 486,405 255,807 41,900 975,276
Charge for year 933 20,694 7,292 - 28,919
At 31 December 2023 192,097 507,099 263,099 41,900 1,004,195
NET BOOK VALUE
At 31 December 2023 1,228 49,135 5,399 - 55,762
At 31 December 2022 2,161 23,702 12,691 - 38,554


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

A & M ENERGY SOLUTIONS LIMITED (REGISTERED NUMBER: 01118343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,435,748 2,115,485
Other debtors 93,601 102,159
Amounts owed by group undertakings 1,198,982 -
Prepayments and accrued income 193,506 240,193
3,921,837 2,457,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 313,380 189,124
Corporation tax 55,866 107,590
Social security and other taxes 28,245 38,765
Other creditors 6,856 5,322
Amounts due to group undertakings 1,308,329 551,327
Accruals and deferred income 167,485 291,140
1,880,161 1,183,268

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 28,813 -
Between one and five years 141,347 258,344
170,160 258,344

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,941 9,629

Deferred
tax
£   
Balance at 1 January 2023 9,629
Movement in year 4,312
Balance at 31 December 2023 13,941

Deferred tax is solely in respect of accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Andrew McMinnis FCA FCCA (Senior Statutory Auditor)
for and on behalf of Livesey Spottiswood Ltd

A & M ENERGY SOLUTIONS LIMITED (REGISTERED NUMBER: 01118343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. CONTINGENT ASSETS & LIABILITIES

The industry has been defending claims alleging sub-standard survey or installation of cavity wall insulation.

The company continues to successfully defend all claims with the support of its insurance partners and industry stakeholders.

The volume of claims has reduced significantly with negligible claims received recently and most of the current activity relating to claims is concerned with recovery of defence costs where claims have been discontinued by the claimants.

Whilst the directors have included accruals for known costs and cost recoveries, there could be further costs and cost recoveries in respect of installations carried out before the end of the reporting period.

13. ULTIMATE PARENT COMPANY

The company's ultimate parent company is A & M Energy Group Limited, a company incorporated in England and Wales. The registered office of A & M Energy Group Limited is Environmental House, Sandwash Close, Rainford Industrial Estate, Rainford, Merseyside, WA11 8LY.