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REGISTERED NUMBER: 04658688 (England and Wales)















ANCHOR REFRACTORIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2






ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANCHOR REFRACTORIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S Critchley
T J Critchley





SECRETARY: T J Critchley





REGISTERED OFFICE: Unit 13 Gisborne Close
Ireland Business Park
Staveley
Chesterfield
Derbyshire
S43 3JT





REGISTERED NUMBER: 04658688 (England and Wales)





ACCOUNTANTS: Ian R Collins & Co
The Bridge House
Mill Lane
Dronfield
Derbyshire
S18 2XL

ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,978 21,207
16,978 21,207

CURRENT ASSETS
Stocks 13,469 13,924
Debtors 6 76,649 170,759
Cash at bank and in hand 201,809 152,468
291,927 337,151
CREDITORS
Amounts falling due within one
year

7

(144,208

)

(151,873

)
NET CURRENT ASSETS 147,719 185,278
TOTAL ASSETS LESS
CURRENT LIABILITIES

164,697

206,485

ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 164,596 206,384
SHAREHOLDERS' FUNDS 164,697 206,485

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th May 2024 and were signed on its behalf by:





D Critchley - Director


ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Anchor Refractories Limited 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 25,000
AMORTISATION
At 1st April 2023
and 31st March 2024 25,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st April 2023 2,850 3,846 149
Additions - 1,226 -
At 31st March 2024 2,850 5,072 149
DEPRECIATION
At 1st April 2023 2,850 3,846 149
Charge for year - 38 -
At 31st March 2024 2,850 3,884 149
NET BOOK VALUE
At 31st March 2024 - 1,188 -
At 31st March 2023 - - -

ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 21,667 2,962 31,474
Additions - - 1,226
At 31st March 2024 21,667 2,962 32,700
DEPRECIATION
At 1st April 2023 460 2,962 10,267
Charge for year 5,417 - 5,455
At 31st March 2024 5,877 2,962 15,722
NET BOOK VALUE
At 31st March 2024 15,790 - 16,978
At 31st March 2023 21,207 - 21,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Trade debtors 66,305 115,103
Other debtors 10,344 55,656
76,649 170,759

7. CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Trade creditors 50,146 78,616
Taxation and social security 57,603 37,081
Other creditors 36,459 36,176
144,208 151,873

ANCHOR REFRACTORIES LIMITED (REGISTERED NUMBER: 04658688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is S Critchley.