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REGISTERED NUMBER: 01030819 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AMCOL ENGINEERING LTD

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMCOL ENGINEERING LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr G D Folwell
Mrs J M Folwell





SECRETARY: Mr G D Folwell





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Fountain Court
2 Victoria Square
Victoria Street
St Albans
Herts
AL1 3TF





REGISTERED NUMBER: 01030819 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,423 88,531

CURRENT ASSETS
Debtors 5 664,235 515,122
Cash at bank 1,365,723 1,198,023
2,029,958 1,713,145
CREDITORS
Amounts falling due within one year 6 351,872 240,171
NET CURRENT ASSETS 1,678,086 1,472,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,782,509

1,561,505

PROVISIONS FOR LIABILITIES 26,106 22,133
NET ASSETS 1,756,403 1,539,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,756,303 1,539,272
SHAREHOLDERS' FUNDS 1,756,403 1,539,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





Mr G D Folwell - Director


AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Amcol Engineering Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 303,740 3,095 178,933 20,621 506,389
Additions 25,975 - 41,885 4,424 72,284
Disposals - - (37,771 ) - (37,771 )
At 31 March 2024 329,715 3,095 183,047 25,045 540,902
DEPRECIATION
At 1 April 2023 258,481 3,095 138,012 18,270 417,858
Charge for year 26,541 - 27,228 2,623 56,392
Eliminated on disposal - - (37,771 ) - (37,771 )
At 31 March 2024 285,022 3,095 127,469 20,893 436,479
NET BOOK VALUE
At 31 March 2024 44,693 - 55,578 4,152 104,423
At 31 March 2023 45,259 - 40,921 2,351 88,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 549,005 474,893
Other debtors 100,000 25,833
Prepayments 15,230 14,396
664,235 515,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 146,306 110,667
Corporation tax 98,371 39,264
Taxation and social security 8,142 8,647
VAT 36,762 18,602
Director's current account 60,897 61,547
Accrued expenses 1,394 1,444
351,872 240,171

AMCOL ENGINEERING LTD (REGISTERED NUMBER: 01030819)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

7. ULTIMATE CONTROLLING PARTY

Mr G D Folwell and Mrs J M Folwell have ultimate control of the company