Registered number
05916166
ANGLO GROUND SERVICES LTD
Filleted Accounts
31 August 2024
ANGLO GROUND SERVICES LTD
Registered number: 05916166
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 52,947 47,902
Current assets
Stocks 300 300
Debtors 5 44,303 38,876
Cash at bank and in hand 194,619 196,177
239,222 235,353
Creditors: amounts falling due within one year 6 (51,953) (53,558)
Net current assets 187,269 181,795
Total assets less current liabilities 240,216 229,697
Provisions for liabilities (10,060) (9,102)
Net assets 230,156 220,595
Capital and reserves
Called up share capital 100 100
Profit and loss account 230,056 220,495
Shareholder's funds 230,156 220,595
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 Paul Matthews
Director
Approved by the board on 12 September 2024
ANGLO GROUND SERVICES LTD
Notes to the Accounts
for the year ended 31 August 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons,including the director employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 60,000
At 31 August 2024 60,000
Amortisation
At 1 September 2023 60,000
At 31 August 2024 60,000
Net book value
At 31 August 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 44,831 44,787 89,618
Additions 1,978 26,000 27,978
Disposals - (18,238) (18,238)
At 31 August 2024 46,809 52,549 99,358
Depreciation
At 1 September 2023 26,459 15,257 41,716
Charge for the year 5,153 8,070 13,223
On disposals - (8,528) (8,528)
At 31 August 2024 31,612 14,799 46,411
Net book value
At 31 August 2024 15,197 37,750 52,947
At 31 August 2023 18,372 29,530 47,902
5 Debtors 2024 2023
£ £
Trade debtors 41,710 36,696
Other debtors 2,593 2,180
44,303 38,876
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,295 1,399
Taxation and social security costs 20,350 18,297
Other creditors 30,308 33,862
51,953 53,558
7 Other information
ANGLO GROUND SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
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