Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false62023-06-01falseThe Company's principal activity during the year was that of sheet metal engineering.6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04765121 2023-06-01 2024-05-31 04765121 2022-06-01 2023-05-31 04765121 2024-05-31 04765121 2023-05-31 04765121 c:CompanySecretary1 2023-06-01 2024-05-31 04765121 c:Director1 2023-06-01 2024-05-31 04765121 c:Director2 2023-06-01 2024-05-31 04765121 c:RegisteredOffice 2023-06-01 2024-05-31 04765121 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 04765121 d:Buildings d:ShortLeaseholdAssets 2024-05-31 04765121 d:Buildings d:ShortLeaseholdAssets 2023-05-31 04765121 d:PlantMachinery 2023-06-01 2024-05-31 04765121 d:PlantMachinery 2024-05-31 04765121 d:PlantMachinery 2023-05-31 04765121 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04765121 d:MotorVehicles 2023-06-01 2024-05-31 04765121 d:MotorVehicles 2024-05-31 04765121 d:MotorVehicles 2023-05-31 04765121 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04765121 d:FurnitureFittings 2023-06-01 2024-05-31 04765121 d:FurnitureFittings 2024-05-31 04765121 d:FurnitureFittings 2023-05-31 04765121 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04765121 d:OfficeEquipment 2023-06-01 2024-05-31 04765121 d:OfficeEquipment 2024-05-31 04765121 d:OfficeEquipment 2023-05-31 04765121 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04765121 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04765121 d:CurrentFinancialInstruments 2024-05-31 04765121 d:CurrentFinancialInstruments 2023-05-31 04765121 d:Non-currentFinancialInstruments 2024-05-31 04765121 d:Non-currentFinancialInstruments 2023-05-31 04765121 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04765121 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04765121 d:ShareCapital 2024-05-31 04765121 d:ShareCapital 2023-05-31 04765121 d:RetainedEarningsAccumulatedLosses 2024-05-31 04765121 d:RetainedEarningsAccumulatedLosses 2023-05-31 04765121 c:OrdinaryShareClass1 2023-06-01 2024-05-31 04765121 c:OrdinaryShareClass1 2024-05-31 04765121 c:OrdinaryShareClass1 2023-05-31 04765121 c:OrdinaryShareClass2 2023-06-01 2024-05-31 04765121 c:OrdinaryShareClass2 2024-05-31 04765121 c:OrdinaryShareClass2 2023-05-31 04765121 c:OrdinaryShareClass3 2023-06-01 2024-05-31 04765121 c:OrdinaryShareClass3 2024-05-31 04765121 c:OrdinaryShareClass3 2023-05-31 04765121 c:OrdinaryShareClass4 2023-06-01 2024-05-31 04765121 c:OrdinaryShareClass4 2024-05-31 04765121 c:OrdinaryShareClass4 2023-05-31 04765121 c:FRS102 2023-06-01 2024-05-31 04765121 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04765121 c:FullAccounts 2023-06-01 2024-05-31 04765121 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04765121 2 2023-06-01 2024-05-31 04765121 7 2023-06-01 2024-05-31 04765121 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 04765121 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 04765121 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04765121










AMR SHEET METAL FABRICATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
AMR SHEET METAL FABRICATION LIMITED
 
 
COMPANY INFORMATION


Directors
R J Thompson 
A C Thompson 




Company secretary
R J Thompson



Registered number
04765121



Registered office
White Horse Business Park
Ware Road

Stanford In The Vale

Faringdon

Oxfordshire

SN7 8NY




Accountants
AMX Accountants Limited
Chartered Certified Accountants

Paje House

164 West Wycombe Road

High Wycombe

Buckinghamshire

HP12 3AE





 
AMR SHEET METAL FABRICATION LIMITED
 

CONTENTS



Page
Accountants' Report
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 12


 
AMR SHEET METAL FABRICATION LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AMR SHEET METAL FABRICATION LIMITED
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AMR Sheet Metal Fabrication 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 Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of Directors of AMR Sheet Metal Fabrication Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2014Our work has been undertaken solely to prepare for your approval the financial statements of AMR Sheet Metal Fabrication Limited and state those matters that we have agreed to state to the Board of Directors of AMR Sheet Metal Fabrication Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AMR Sheet Metal Fabrication Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that AMR Sheet Metal Fabrication 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 AMR Sheet Metal Fabrication Limited. You consider that AMR Sheet Metal Fabrication Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of AMR Sheet Metal Fabrication 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.

  



AMX Accountants Limited
 
Chartered Certified Accountants
  
Paje House
164 West Wycombe Road
High Wycombe
Buckinghamshire
HP12 3AE
13 February 2025
Page 1

 
AMR SHEET METAL FABRICATION LIMITED
REGISTERED NUMBER: 04765121

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
71,320
13,544

  
71,320
13,544

Current assets
  

Stocks
 5 
59,176
54,440

Debtors: amounts falling due after more than one year
 6 
-
600

Debtors: amounts falling due within one year
 6 
136,497
121,700

Cash at bank and in hand
 7 
472,815
433,270

  
668,488
610,010

Creditors: amounts falling due within one year
 8 
(101,042)
(76,759)

Net current assets
  
 
 
567,446
 
 
533,251

Total assets less current liabilities
  
638,766
546,795

Provisions for liabilities
  

Deferred tax
 9 
(17,710)
(2,774)

  
 
 
(17,710)
 
 
(2,774)

Net assets
  
621,056
544,021

Page 2

 
AMR SHEET METAL FABRICATION LIMITED
REGISTERED NUMBER: 04765121
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 10 
1,100
1,100

Profit and loss account
  
619,956
542,921

  
621,056
544,021


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 February 2025.








................................................
R J Thompson
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

AMR Sheet Metal Fabrication Limited is a Company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the Company Information pages at the start of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows -.

Depreciation is provided on the following basis:

Leasehold Property Improvements
-
10%
straight line
Plant & machinery
-
15%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
straight line
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.12

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 7

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Leasehold Property Improvem'ts
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 June 2023
1,158
375,031
18,012
26,982
10,255


Additions
-
65,725
-
-
239


Disposals
-
(64,142)
-
-
-



At 31 May 2024

1,158
376,614
18,012
26,982
10,494



Depreciation


At 1 June 2023
560
371,585
12,432
25,512
7,806


Charge for the year on owned assets
116
5,198
1,395
855
623


Disposals
-
(64,142)
-
-
-



At 31 May 2024

676
312,641
13,827
26,367
8,429



Net book value



At 31 May 2024
482
63,973
4,185
615
2,065



At 31 May 2023
598
3,446
5,581
1,470
2,449
Page 8

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 June 2023
431,438


Additions
65,964


Disposals
(64,142)



At 31 May 2024

433,260



Depreciation


At 1 June 2023
417,895


Charge for the year on owned assets
8,187


Disposals
(64,142)



At 31 May 2024

361,940



Net book value



At 31 May 2024
71,320



At 31 May 2023
13,544

Page 9

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
15,410
17,764

Work in progress (goods to be sold)
43,766
36,676

59,176
54,440



6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
-
600

-
600


2024
2023
£
£

Due within one year

Trade debtors
125,205
89,197

Other debtors
2,355
23,505

Prepayments and accrued income
8,937
8,998

136,497
121,700



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
472,815
433,270

472,815
433,270


Page 10

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,892
13,633

Taxation and social security
80,733
57,581

Other creditors
504
945

Accruals and deferred income
12,913
4,600

101,042
76,759



9.


Deferred taxation




2024


£






At beginning of year
(2,774)


Charged to profit or loss
(14,936)



At end of year
(17,710)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(17,710)
(2,774)

(17,710)
(2,774)

Page 11

 
AMR SHEET METAL FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



99 (2023 - 99) Ordinary shares of £1.00 each
99
99
500 (2023 - 500) A Ordinary shares of £1.00 each
500
500
500 (2023 - 500) B Ordinary shares of £1.00 each
500
500
1 (2023 - 1) C Ordinary share of £1.00
1
1

1,100

1,100


 
Page 12