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Registered Number: 03902802
England and Wales

 

 

 

ANTON SAWS & MACHINERY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Directors Mr M J Paraman
Mr D Campbell
Registered Number 03902802
Registered Office 1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
Accountants Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
1
Report to the directors on the preparation of the unaudited statutory accounts of Anton Saws & Machinery Ltd for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Anton Saws & Machinery Ltd for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Anton Saws & Machinery Ltd, as a body, in accordance with the terms of our engagement letter dated 15 May 2024 Our work has been undertaken solely to prepare for your approval the accounts of Anton Saws & Machinery Ltd and state those matters that we have agreed to state to the Board of Directors of Anton Saws & Machinery Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anton Saws & Machinery Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Anton Saws & Machinery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Anton Saws & Machinery Ltd. You consider that Anton Saws & Machinery Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Anton Saws & Machinery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 January 2024



....................................................
Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
15 May 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 38,717    42,288 
38,717    42,288 
Current assets      
Stocks 4 57,039    68,410 
Debtors 5 105,534    128,341 
Cash at bank and in hand 68,988    98,182 
231,561    294,933 
Creditors: amount falling due within one year 6 (242,651)   (261,548)
Net current assets (11,090)   33,385 
 
Total assets less current liabilities 27,627    75,673 
Creditors: amount falling due after more than one year 7 (54,772)   (80,356)
Provisions for liabilities 8 (7,356)   (8,035)
Net assets (34,501)   (12,718)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (34,601)   (12,818)
Shareholder's funds (34,501)   (12,718)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 May 2024 and were signed on its behalf by:


-------------------------------
Mr M J Paraman
Director
3
General Information
Anton Saws & Machinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 03902802, registration address 1 Andromeda House, Calleva Park, Aldermaston, Berkshire, RG7 8AP. The trading address of the company is Unit 1 Parnell Court, East Portway, Andover, Hampshire, SP10 3LX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Computer Equipment 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 9).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 February 2023 18,029    77,153    9,828    105,010 
Additions   14,990      14,990 
Disposals   (31,045)     (31,045)
At 31 January 2024 18,029    61,098    9,828    88,955 
Depreciation
At 01 February 2023 16,763    40,735    5,224    62,722 
Charge for year 316    9,878    1,469    11,663 
On disposals   (24,147)     (24,147)
At 31 January 2024 17,079    26,466    6,693    50,238 
Net book values
Closing balance as at 31 January 2024 950    34,632    3,135    38,717 
Opening balance as at 01 February 2023 1,266    36,418    4,604    42,288 

The net book value of Motor Vehicles includes £ 34,632 (2023 £49,570) in respect of assets leased under finance leases or hire purchase contracts.

4.

Stocks

2024
£
  2023
£
Stocks 57,039    68,410 
57,039    68,410 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 97,134    121,891 
Prepayments & Accrued Income 1,950   
Other Debtors 6,450    6,450 
105,534    128,341 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 141,935    146,893 
Bank Loans & Overdrafts 23,000    21,000 
Corporation Tax 238    8,103 
PAYE & Social Security 3,659    5,706 
Accrued Expenses 9,900    5,450 
Other Creditors 21,027    29,582 
Obligations under HP/Financial Leases 13,098    10,845 
Directors' Current Accounts 144   
VAT 29,650    33,966 
242,651    261,548 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 31,776    54,953 
Obligations Under HP/Financial Leases 22,996    25,403 
54,772    80,356 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 7,356    8,035 
7,356    8,035 

4