SALISBURY ENGINEERING AND COMPLIANCE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The directors present their report and the financial statements for the year ended 31 December 2023.
The company is dormant and has not traded during the year to 31 December 2023. The Directors are not aware, at the date of this report, of any likely major changes in the Company's activities in the next year.
The Company has not traded during the year to 31 December 2023, the financial position at the year-end was considered satisfactory by the Directors.
The directors who served during the year were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 27 September 2024 and signed on its behalf.
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SALISBURY ENGINEERING AND COMPLIANCE LIMITED
REGISTERED NUMBER: 09351857
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
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Debtors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
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 were approved and authorised for issue by the board and were signed on its behalf on 27 September 2024.
The notes on pages 5 to 6 form part of these financial statements.
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SALISBURY ENGINEERING AND COMPLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Salisbury Engineering and Compliance Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 7 Diamond Court, Opal Drive, Fox Milne, Milton Keynes, MK15 0DU.
The company was dormant during the year, but previously specialised in combined facilities support activities.
2.Accounting policies
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Basis of preparation of financial statements
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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.
Following a group restructure on 1 January 2023, the Directors have no future plans for the company and expect to dissolve the company in the foreseeable future.
The Directors, therefore, do not consider that the going concern basis is appropriate for these financial statements and have instead prepared the financial statements on a basis other than going concern. This basis included all assets at their recoverable amounts rather than their historical costs: and makes provisions for the costs of disposals of the assets. All assets and liabilities are treated as recoverable and payable within one year.
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
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The directors received no remuneration during the year (2022 - £Nil)
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SALISBURY ENGINEERING AND COMPLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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100 ordinary shares of £1 each
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Related party transactions
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The company has taken advantage of the exemption in Financial Reporting Standard 102 not to disclose
any transactions with other wholly owned members of the group.
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The Company's immediate parent company is Salisbury Holdings Limited and the ultimate parent company is Atlas FM Group (formerly known as Atlas FM Limited). Consolidated accounts can be obtained from the registered office located at Riding Court House, Riding Court Road, Datchet, Berkshire, England, SL3 9JT. This is the only company for which consolidated accounts are prepared.
The directors of Atlas FM Group Limited are of the opinion that N J Earley and R W Empson are the ultimate controlling parties.
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