Registered number
07551579
Amron Windows and Doors Limited
Filleted Accounts
31 March 2024
Amron Windows and Doors Limited
Registered number: 07551579
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 66,794 30,654
Current assets
Stocks 51,109 37,154
Debtors 4 80,289 102,477
Cash at bank and in hand 310,311 312,820
441,709 452,451
Creditors: amounts falling due within one year 5 (121,390) (184,721)
Net current assets 320,319 267,730
Total assets less current liabilities 387,113 298,384
Creditors: amounts falling due after more than one year 6 (6,558) -
Provisions for liabilities (12,691) (5,825)
Net assets 367,864 292,559
Capital and reserves
Called up share capital 2 2
Profit and loss account 367,862 292,557
Shareholders' funds 367,864 292,559
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
S Oakes
Director
Approved by the board on 19 November 2024
Amron Windows and Doors Limited
Notes to the Accounts
for the year ended 31 March 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.
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 at the following rates:
Plant and machinery 15% 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 the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. 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 employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 45,125 3,000 48,125
Additions 12,974 37,973 50,947
Disposals - (3,000) (3,000)
At 31 March 2024 58,099 37,973 96,072
Depreciation
At 1 April 2023 14,696 2,775 17,471
Charge for the year 5,947 8,664 14,611
On disposals - (2,804) (2,804)
At 31 March 2024 20,643 8,635 29,278
Net book value
At 31 March 2024 37,456 29,338 66,794
At 31 March 2023 30,429 225 30,654
4 Debtors 2024 2023
£ £
Trade debtors 78,829 102,477
Other debtors 1,460 -
80,289 102,477
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,931 -
Trade creditors 62,040 135,959
Taxation and social security costs 55,657 45,233
Other creditors 1,762 3,529
121,390 184,721
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,558 -
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Oakes
Directors loan account 3,529 (52,467) 50,700 1,762
3,529 (52,467) 50,700 1,762
8 Controlling party
The company is controlled by the director.
9 Other information
Amron Windows and Doors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6, Shibdon Business Park
Cowen Road
Blaydon-On-Tyne
Tyne & Wear
NE21 5TX
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