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No description of principal activity
2023-10-01
Sage Accounts Production Advanced 2024 - FRS102_2024
21,800
21,800
178
58
120
xbrli:pure
xbrli:shares
iso4217:GBP
08678458
2023-10-01
2024-09-30
08678458
2024-09-30
08678458
2023-09-30
08678458
2022-10-01
2023-09-30
08678458
2023-09-30
08678458
2022-09-30
08678458
core:NetGoodwill
2023-10-01
2024-09-30
08678458
core:MotorVehicles
2023-10-01
2024-09-30
08678458
bus:Director1
2023-10-01
2024-09-30
08678458
core:NetGoodwill
2024-09-30
08678458
core:MotorVehicles
2023-09-30
08678458
core:MotorVehicles
2024-09-30
08678458
core:WithinOneYear
2024-09-30
08678458
core:WithinOneYear
2023-09-30
08678458
core:ShareCapital
2024-09-30
08678458
core:ShareCapital
2023-09-30
08678458
core:RetainedEarningsAccumulatedLosses
2024-09-30
08678458
core:RetainedEarningsAccumulatedLosses
2023-09-30
08678458
core:DeferredTaxation
2023-10-01
2024-09-30
08678458
core:AcceleratedTaxDepreciationDeferredTax
2024-09-30
08678458
core:AcceleratedTaxDepreciationDeferredTax
2023-09-30
08678458
core:MotorVehicles
2023-09-30
08678458
core:DeferredTaxation
2023-09-30
08678458
core:DeferredTaxation
2024-09-30
08678458
bus:SmallEntities
2023-10-01
2024-09-30
08678458
bus:AuditExemptWithAccountantsReport
2023-10-01
2024-09-30
08678458
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
08678458
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
08678458
bus:FullAccounts
2023-10-01
2024-09-30
08678458
core:FurnitureFittingsToolsEquipment
2023-10-01
2024-09-30
08678458
core:FurnitureFittingsToolsEquipment
2024-09-30
08678458
core:FurnitureFittingsToolsEquipment
2023-09-30
COMPANY REGISTRATION NUMBER:
08678458
ACCESS CATERING ENGINEERS LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
ACCESS CATERING ENGINEERS LIMITED |
|
STATEMENT OF FINANCIAL POSITION |
|
30 September 2024
FIXED ASSETS
Tangible assets |
5 |
|
629 |
|
936 |
|
|
|
|
|
|
CURRENT ASSETS
Stocks |
286 |
|
490 |
|
Debtors |
6 |
38,479 |
|
24,622 |
|
Cash at bank and in hand |
11,186 |
|
14,514 |
|
|
--------- |
|
--------- |
|
|
49,951 |
|
39,626 |
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year |
7 |
13,110 |
|
15,952 |
|
|
--------- |
|
--------- |
|
NET CURRENT ASSETS |
|
36,841 |
|
23,674 |
|
|
--------- |
|
--------- |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
37,470 |
|
24,610 |
|
|
|
|
|
|
PROVISIONS
Taxation including deferred tax |
8 |
|
120 |
|
178 |
|
|
--------- |
|
--------- |
NET ASSETS |
|
37,350 |
|
24,432 |
|
|
--------- |
|
--------- |
|
|
|
|
|
|
ACCESS CATERING ENGINEERS LIMITED |
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
30 September 2024
CAPITAL AND RESERVES
Called up share capital |
|
1,000 |
|
1,000 |
Profit and loss account |
|
36,350 |
|
23,432 |
|
|
--------- |
|
--------- |
SHAREHOLDERS FUNDS |
|
37,350 |
|
24,432 |
|
|
--------- |
|
--------- |
|
|
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 March 2025
, and are signed on behalf of the board by:
Company registration number:
08678458
ACCESS CATERING ENGINEERS LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 30 SEPTEMBER 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 Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements, accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for catering engineering services, stated net of discounts and of Value Added Tax.
Current and deferred 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
20% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
|
Motor vehicles |
- |
25% reducing balance |
|
Office equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4.
INTANGIBLE ASSETS
|
Goodwill |
|
£ |
Cost |
|
At 1 October 2023 and 30 September 2024 |
21,800 |
|
--------- |
Amortisation |
|
At 1 October 2023 and 30 September 2024 |
21,800 |
|
--------- |
Carrying amount |
|
At 30 September 2024 |
– |
|
--------- |
At 30 September 2023 |
– |
|
--------- |
|
|
5.
TANGIBLE ASSETS
|
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 October 2023 and 30 September 2024 |
16,003 |
941 |
16,944 |
|
--------- |
---- |
--------- |
Depreciation |
|
|
|
At 1 October 2023 |
15,164 |
844 |
16,008 |
Charge for the year |
210 |
97 |
307 |
|
--------- |
---- |
--------- |
At 30 September 2024 |
15,374 |
941 |
16,315 |
|
--------- |
---- |
--------- |
Carrying amount |
|
|
|
At 30 September 2024 |
629 |
– |
629 |
|
--------- |
---- |
--------- |
At 30 September 2023 |
839 |
97 |
936 |
|
--------- |
---- |
--------- |
|
|
|
|
6.
DEBTORS
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
5,244 |
6,182 |
Other debtors |
33,235 |
18,440 |
|
--------- |
--------- |
|
38,479 |
24,622 |
|
--------- |
--------- |
|
|
|
7.
CREDITORS:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
1,311 |
3,071 |
Corporation tax |
7,796 |
8,240 |
Social security and other taxes |
1,926 |
2,683 |
Other creditors |
2,077 |
1,958 |
|
--------- |
--------- |
|
13,110 |
15,952 |
|
--------- |
--------- |
|
|
|
8.
PROVISIONS
|
Deferred tax (note 9) |
|
£ |
At 1 October 2023 |
178 |
Charge against provision |
(
58) |
|
---- |
At 30 September 2024 |
120 |
|
---- |
|
|
9.
DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
|
2024 |
2023 |
|
£ |
£ |
Included in provisions (note 8) |
120 |
178 |
|
---- |
---- |
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
2024 |
2023 |
|
£ |
£ |
Accelerated capital allowances |
120 |
178 |
|
---- |
---- |
|
|
|
10.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors had an unsecured interest free loan with the company. The directors' were owed £17,575 at the start of the year. Advances of £34,420 and repayments of £20,000 were made during the year. Interest at the official rate of 2.25% was charged on an overdrawn balance, amounting to £533, during the year. As at 30 September 2024 the directors owed £32,528 to the company, which has been repaid since the year end.