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REGISTERED NUMBER: 06299489 (England and Wales)





ANGLIA COMPOSITES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






ANGLIA COMPOSITES LIMITED (REGISTERED NUMBER: 06299489)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


ANGLIA COMPOSITES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr R A Brine





SECRETARY: Mr J R Batih





REGISTERED OFFICE: Unit 2 Warner Way, Chilton Industrial
Estate
Sudbury
Suffolk
CO10 2GG





REGISTERED NUMBER: 06299489 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ANGLIA COMPOSITES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anglia Composites Limited for the year ended 30 June 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Anglia Composites 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 Anglia Composites Limited. You consider that Anglia Composites 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 Anglia Composites 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.






ApC
Chartered Accountants
7 St John Street

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ANGLIA COMPOSITES LIMITED


Mansfield
Nottinghamshire
NG18 1QH


12 February 2025

ANGLIA COMPOSITES LIMITED (REGISTERED NUMBER: 06299489)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 683,725 685,638

CURRENT ASSETS
Stocks 245,731 223,776
Debtors 6 99,745 138,997
Cash at bank 103,489 215,330
448,965 578,103
CREDITORS
Amounts falling due within one year 7 370,208 460,922
NET CURRENT ASSETS 78,757 117,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

762,482

802,819

CREDITORS
Amounts falling due after more than one
year

8

(72,845

)

(159,472

)

PROVISIONS FOR LIABILITIES (62,973 ) (44,262 )
NET ASSETS 626,664 599,085

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 173,097 181,210
Retained earnings 453,467 417,775
626,664 599,085

ANGLIA COMPOSITES LIMITED (REGISTERED NUMBER: 06299489)

BALANCE SHEET - continued
30 JUNE 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2025 and were signed by:





Mr R A Brine - Director


ANGLIA COMPOSITES LIMITED (REGISTERED NUMBER: 06299489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Anglia Composites 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of goods and services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ANGLIA COMPOSITES LIMITED (REGISTERED NUMBER: 06299489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

ANGLIA COMPOSITES LIMITED (REGISTERED NUMBER: 06299489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 650,000 65,716 53,617 769,333
Additions - 9,933 - 9,933
Disposals - (2,398 ) - (2,398 )
At 30 June 2024 650,000 73,251 53,617 776,868
DEPRECIATION
At 1 July 2023 - 45,448 38,247 83,695
Charge for year - 7,403 3,843 11,246
Eliminated on disposal - (1,798 ) - (1,798 )
At 30 June 2024 - 51,053 42,090 93,143
NET BOOK VALUE
At 30 June 2024 650,000 22,198 11,527 683,725
At 30 June 2023 650,000 20,268 15,370 685,638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,727 132,287
Other debtors 200 -
Prepayments and accrued income 7,818 6,710
99,745 138,997

ANGLIA COMPOSITES LIMITED (REGISTERED NUMBER: 06299489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,995 28,071
Hire purchase contracts - 1,200
Trade creditors 180,593 302,405
Corporation tax 64,219 47,193
Social security and other taxes 27,658 20,403
Other creditors 66,925 61,650
Accruals and deferred income 1,818 -
370,208 460,922

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 26,036 55,498
Other creditors 46,809 103,974
72,845 159,472

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 181,210
Movement in valuation (8,113 )

At 30 June 2024 173,097