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REGISTERED NUMBER: 02354426 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

AHL Industrial Pipework
Specialists Limited

AHL Industrial Pipework
Specialists Limited (Registered number: 02354426)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AHL Industrial Pipework
Specialists Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: M J Hepple
C F Witt





SECRETARY: C F Witt





REGISTERED OFFICE: Lawson Street
North Shields
Tyne & Wear
NE29 6TG





REGISTERED NUMBER: 02354426 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

AHL Industrial Pipework
Specialists Limited (Registered number: 02354426)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,669 25,338
Tangible assets 5 2,420 2,876
15,089 28,214

CURRENT ASSETS
Stocks 6 15,793 15,032
Debtors 7 301,609 242,094
Cash at bank and in hand 124,480 168,719
441,882 425,845
CREDITORS
Amounts falling due within one year 8 212,361 198,516
NET CURRENT ASSETS 229,521 227,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,610

255,543

CREDITORS
Amounts falling due after more than one
year

9

11,600

21,502
NET ASSETS 233,010 234,041

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 232,910 233,941
SHAREHOLDERS' FUNDS 233,010 234,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

AHL Industrial Pipework
Specialists Limited (Registered number: 02354426)

Statement of Financial Position - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





C F Witt - Director


AHL Industrial Pipework
Specialists Limited (Registered number: 02354426)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

AHL Industrial Pipework Specialists 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents net invoiced sales of goods and services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than costs.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


AHL Industrial Pipework
Specialists Limited (Registered number: 02354426)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 63,345
AMORTISATION
At 1 May 2023 38,007
Amortisation for year 12,669
At 30 April 2024 50,676
NET BOOK VALUE
At 30 April 2024 12,669
At 30 April 2023 25,338

AHL Industrial Pipework
Specialists Limited (Registered number: 02354426)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 79,457
DEPRECIATION
At 1 May 2023 76,581
Charge for year 456
At 30 April 2024 77,037
NET BOOK VALUE
At 30 April 2024 2,420
At 30 April 2023 2,876

6. STOCKS
2024 2023
£    £   
Work-in-progress 15,793 15,032

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 296,990 239,279
Other debtors 4,619 2,815
301,609 242,094

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 143,216 116,881
Taxation and social security 57,345 53,835
Other creditors 1,800 17,800
212,361 198,516

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,600 21,502