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No description of principal activity
2023-11-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
07798675
2023-11-01
2024-10-31
07798675
2024-10-31
07798675
2023-10-31
07798675
2022-11-01
2023-10-31
07798675
2023-10-31
07798675
2022-10-31
07798675
core:PlantMachinery
2023-11-01
2024-10-31
07798675
bus:Director1
2023-11-01
2024-10-31
07798675
bus:Director2
2023-11-01
2024-10-31
07798675
core:WithinOneYear
2024-10-31
07798675
core:WithinOneYear
2023-10-31
07798675
core:AfterOneYear
2024-10-31
07798675
core:AfterOneYear
2023-10-31
07798675
core:ShareCapital
2024-10-31
07798675
core:ShareCapital
2023-10-31
07798675
core:RetainedEarningsAccumulatedLosses
2024-10-31
07798675
core:RetainedEarningsAccumulatedLosses
2023-10-31
07798675
bus:SmallEntities
2023-11-01
2024-10-31
07798675
bus:AuditExemptWithAccountantsReport
2023-11-01
2024-10-31
07798675
bus:SmallCompaniesRegimeForAccounts
2023-11-01
2024-10-31
07798675
bus:PrivateLimitedCompanyLtd
2023-11-01
2024-10-31
07798675
bus:FullAccounts
2023-11-01
2024-10-31
COMPANY REGISTRATION NUMBER:
07798675
AHC Engineering & Site Services Ltd |
|
Filleted Unaudited Financial Statements |
|
AHC Engineering & Site Services Ltd |
|
Statement of Financial Position |
|
31 October 2024
Current assets
Debtors |
5 |
6,879 |
|
10,123 |
Cash at bank and in hand |
73 |
|
– |
|
------- |
|
-------- |
|
6,952 |
|
10,123 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
3,540 |
|
3,540 |
|
------- |
|
-------- |
Net current assets |
|
3,412 |
6,583 |
|
|
------- |
------- |
Total assets less current liabilities |
|
3,412 |
6,583 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
12,119 |
14,795 |
|
|
-------- |
-------- |
Net liabilities |
|
(
8,707) |
(
8,212) |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
(
8,807) |
(
8,312) |
|
|
------- |
------- |
Shareholders deficit |
|
(
8,707) |
(
8,212) |
|
|
------- |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
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
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
AHC Engineering & Site Services Ltd |
|
Statement of Financial Position (continued) |
|
31 October 2024
These financial statements were approved by the
board of directors
and authorised for issue on
12 December 2024
, and are signed on behalf of the board by:
Mr S P Adams |
Mr J N McLean |
Director |
Director |
|
|
Company registration number:
07798675
AHC Engineering & Site Services Ltd |
|
Notes to the Financial Statements |
|
Year ended 31 October 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Prince of Wales House, 18/19 Salmon Fields Business Village, Royton, Oldham, OL2 6HT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
|
|
|
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
6,879 |
10,123 |
|
------- |
-------- |
|
|
|
The directors' loan accounts were overdrawn £3,171 & £3,587 (2023: £4,928 & £5,194) respectively at the year end. The maximum overdrawn balance during the year was £4,928 & £5,194 (2023: £7,528 & £7,840) respectively. Interest is charged on balances exceeding £10,000 at the official rate of interest.
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
3,360 |
3,360 |
Other creditors |
180 |
180 |
|
------- |
------- |
|
3,540 |
3,540 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
12,119 |
14,795 |
|
-------- |
-------- |
|
|
|
8.
Directors' advances, credits and guarantees
Included within other debtors due within one year are loans to the directors totalling £6,759 (2023: £10,123) on which interest has been charged at the official rate of interest on any balances exceeding £10,000 each. The loans are repayable in full or in part on demand. Dividends totalling £Nil (2023: £Nil) were paid in the year in respect of shares held by the company's directors.
9.
Related party transactions
The company was under the control of Mr Stephen Adams and Mr John McLean, directors and each 50% shareholders, throughout the current year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.