Company registration number 02689804 (England and Wales)
A & T ENCLOSURES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
A & T ENCLOSURES LIMITED
COMPANY INFORMATION
Directors
Mr T J King
Mr C R Taylor
Mr W Mansell
(Appointed 1 December 2023)
Mrs T Owens
(Appointed 1 December 2023)
Company number
02689804
Registered office
Pedmore Road
Dudley
West Midlands
DY2 0RF
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
Caxton Gate
3 Corporation Street
Birmingham
B2 4LP
A & T ENCLOSURES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
A & T ENCLOSURES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A & T ENCLOSURES LIMITED FOR THE YEAR ENDED 31 MAY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A & T Enclosures Limited for the year ended 31 May 2024 which comprise, the balance sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of A & T Enclosures Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & T Enclosures Limited and state those matters that we have agreed to state to the board of directors of A & T Enclosures Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & T Enclosures Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that A & T Enclosures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & T Enclosures Limited. You consider that A & T Enclosures Limited 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 financial statements of A & T Enclosures Limited. 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 financial statements.

Ormerod Rutter Limited
11 November 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
A & T ENCLOSURES LIMITED
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
802,692
865,099
Current assets
Stocks
35,867
37,216
Debtors
4
2,164,793
1,977,752
Cash at bank and in hand
389,361
669,288
2,590,021
2,684,256
Creditors: amounts falling due within one year
5
(1,892,773)
(2,115,617)
Net current assets
697,248
568,639
Total assets less current liabilities
1,499,940
1,433,738
Creditors: amounts falling due after more than one year
6
(6,125)
(14,291)
Provisions for liabilities
8
(178,221)
(143,949)
Net assets
1,315,594
1,275,498
Capital and reserves
Called up share capital
9
300
300
Profit and loss reserves
1,315,294
1,275,198
Total equity
1,315,594
1,275,498

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

A & T ENCLOSURES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 1 November 2024 and are signed on its behalf by:
Mr T J King
Director
Company registration number 02689804 (England and Wales)
A & T ENCLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
1
Accounting policies
Company information

A & T Enclosures Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pedmore Road, Dudley, West Midlands, DY2 0RF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
2% on cost
Plant and machinery
15% on reducing balance
Fixtures, fittings and equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

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

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

A & T ENCLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

A & T ENCLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 6 -
1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.10

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
66
72
3
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2023
292,744
1,134,642
110,946
94,483
1,632,815
Additions
15,009
495
39,651
-
0
55,155
At 31 May 2024
307,753
1,135,136
150,598
94,483
1,687,970
Depreciation and impairment
At 1 June 2023
50,186
592,426
77,692
47,412
767,717
Depreciation charged in the year
6,155
81,407
18,231
11,768
117,561
At 31 May 2024
56,341
673,833
95,924
59,180
885,278
Carrying amount
At 31 May 2024
251,412
461,303
54,674
35,303
802,692
At 31 May 2023
242,558
542,216
33,254
47,071
865,099

 

A & T ENCLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 7 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,898,785
1,622,577
Other debtors
266,008
355,175
2,164,793
1,977,752
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
759,350
1,001,245
Amounts owed to group undertakings
554,022
543,059
Taxation and social security
319,630
310,131
Other creditors
259,771
261,182
1,892,773
2,115,617
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
6,125
14,291
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Hire purchase contracts
14,291
22,457
Hire purchase contracts are secured against the assets to which they relate.
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
178,221
143,949
A & T ENCLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 8 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
190
190
190
190
Ordinary B of £1 each
5
5
5
5
Ordinary C of £1 each
5
5
5
5
Ordinary Growth A of £1 each
100
100
100
100
300
300
300
300
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Control
Ultimate parent company

The ultimate parent company is T K Asset Management Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr T J King, by virtue of his controlling interest in the ultimate parent company.

 

 

2024-05-312023-06-01false11 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr T J KingMr C R TaylorMr W MansellMrs T Owensfalsefalse026898042023-06-012024-05-3102689804bus:Director12023-06-012024-05-3102689804bus:Director22023-06-012024-05-3102689804bus:Director32023-06-012024-05-3102689804bus:Director42023-06-012024-05-3102689804bus:RegisteredOffice2023-06-012024-05-3102689804bus:Agent12023-06-012024-05-31026898042024-05-31026898042023-05-3102689804core:LandBuildingscore:OwnedOrFreeholdAssets2024-05-3102689804core:PlantMachinery2024-05-3102689804core:FurnitureFittings2024-05-3102689804core:MotorVehicles2024-05-3102689804core:LandBuildingscore:OwnedOrFreeholdAssets2023-05-3102689804core:PlantMachinery2023-05-3102689804core:FurnitureFittings2023-05-3102689804core:MotorVehicles2023-05-3102689804core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3102689804core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3102689804core:Non-currentFinancialInstrumentscore:AfterOneYear2024-05-3102689804core:Non-currentFinancialInstrumentscore:AfterOneYear2023-05-3102689804core:CurrentFinancialInstruments2024-05-3102689804core:CurrentFinancialInstruments2023-05-3102689804core:ShareCapital2024-05-3102689804core:ShareCapital2023-05-3102689804core:RetainedEarningsAccumulatedLosses2024-05-3102689804core:RetainedEarningsAccumulatedLosses2023-05-3102689804core:ShareCapitalOrdinaryShares2024-05-3102689804core:ShareCapitalOrdinaryShares2023-05-3102689804core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-012024-05-3102689804core:PlantMachinery2023-06-012024-05-3102689804core:FurnitureFittings2023-06-012024-05-3102689804core:MotorVehicles2023-06-012024-05-31026898042022-06-012023-05-3102689804core:LandBuildingscore:OwnedOrFreeholdAssets2023-05-3102689804core:MotorVehicles2023-05-31026898042023-05-3102689804core:PlantMachinery2023-05-3102689804core:WithinOneYear2024-05-3102689804core:WithinOneYear2023-05-3102689804core:Non-currentFinancialInstruments2024-05-3102689804core:Non-currentFinancialInstruments2023-05-3102689804bus:PrivateLimitedCompanyLtd2023-06-012024-05-3102689804bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102689804bus:FRS1022023-06-012024-05-3102689804bus:AuditExemptWithAccountantsReport2023-06-012024-05-3102689804bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP