Company Registration No. 13419022 (England and Wales)
AMT Marsh Plumbing, Heating & Gas Ltd
Unaudited accounts
for the year ended 31 May 2024
AMT Marsh Plumbing, Heating & Gas Ltd
Unaudited accounts
Contents
AMT Marsh Plumbing, Heating & Gas Ltd
Company Information
for the year ended 31 May 2024
Directors
Mr A R Marsh
Mr A Marsh
Mr M J Marsh
Company Number
13419022 (England and Wales)
Registered Office
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
United Kingdom
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
AMT Marsh Plumbing, Heating & Gas Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
11,575
14,255
Cash at bank and in hand
24,030
12,382
Creditors: amounts falling due within one year
(25,974)
(30,113)
Net current assets
65,378
43,157
Total assets less current liabilities
76,953
57,412
Creditors: amounts falling due after more than one year
(5,716)
(8,214)
Provisions for liabilities
Deferred tax
(2,199)
(2,708)
Called up share capital
2
2
Profit and loss account
69,036
46,488
Shareholders' funds
69,038
46,490
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by
Mr A Marsh
Director
Company Registration No. 13419022
AMT Marsh Plumbing, Heating & Gas Ltd
Notes to the Accounts
for the year ended 31 May 2024
AMT Marsh Plumbing, Heating & Gas Ltd is a private company, limited by shares, registered in England and Wales, registration number 13419022. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% cost
Computer equipment
25% cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
AMT Marsh Plumbing, Heating & Gas Ltd
Notes to the Accounts
for the year ended 31 May 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
4,726
11,850
899
17,475
At 31 May 2024
4,825
12,594
899
18,318
At 1 June 2023
2,283
790
147
3,220
Charge for the year
1,184
2,114
225
3,523
At 31 May 2024
3,467
2,904
372
6,743
At 31 May 2024
1,358
9,690
527
11,575
At 31 May 2023
2,443
11,060
752
14,255
Amounts falling due within one year
Trade debtors
45,216
19,715
Other debtors
13,972
21,004
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,498
1,953
Trade creditors
9,701
12,643
Taxes and social security
13,043
13,752
Loans from directors
732
1,589
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,716
8,214
AMT Marsh Plumbing, Heating & Gas Ltd
Notes to the Accounts
for the year ended 31 May 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
DCA
1,537
(19,438)
-
(17,900)
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).