Company Registration No. 14076089 (England and Wales)
APPROVED ENGINES LTD
Unaudited accounts
for the year ended 30 April 2024
APPROVED ENGINES LTD
Unaudited accounts
Contents
APPROVED ENGINES LTD
Company Information
for the year ended 30 April 2024
Directors
D Baker
Adam Culwick
Alexander Jackson
Company Number
14076089 (England and Wales)
Registered Office
Unit 2, Inca Business Park Melford Road
Acton,Sudbury
C0100BB
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
APPROVED ENGINES LTD
Statement of financial position
as at 30 April 2024
Tangible assets
165,226
15,453
Cash at bank and in hand
110,809
79,662
Creditors: amounts falling due within one year
(203,367)
(73,942)
Net current assets
33,742
5,720
Total assets less current liabilities
198,968
21,173
Creditors: amounts falling due after more than one year
(25,103)
-
Called up share capital
2
2
Profit and loss account
173,863
21,171
Shareholders' funds
173,865
21,173
For the year ending 30 April 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 10 January 2025 and were signed on its behalf by
D Baker
Director
Company Registration No. 14076089
APPROVED ENGINES LTD
Notes to the Accounts
for the year ended 30 April 2024
APPROVED ENGINES LTD is a private company, limited by shares, registered in England and Wales, registration number 14076089. The registered office is Unit 2, Inca Business Park Melford Road, Acton,Sudbury, C0100BB, England.
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.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
-
-
20,605
20,605
Additions
17,400
109,963
59,432
186,795
At 30 April 2024
17,400
109,963
80,037
207,400
At 1 May 2023
-
-
5,152
5,152
Charge for the year
4,350
17,021
15,651
37,022
At 30 April 2024
4,350
17,021
20,803
42,174
At 30 April 2024
13,050
92,942
59,234
165,226
At 30 April 2023
-
-
15,453
15,453
Amounts falling due within one year
APPROVED ENGINES LTD
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
58,964
-
Obligations under finance leases and hire purchase contracts
11,067
-
Taxes and social security
19,294
12,534
Loans from directors
82,839
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,103
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
-
(153,248)
(70,409)
(82,839)
-
(153,248)
(70,409)
(82,839)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).