Registered number
05312006
Ampress Welding & Fabrications Limited
Filleted Accounts
31 January 2025
Ampress Welding & Fabrications Limited
Registered number: 05312006
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 55,196 74,565
Current assets
Stocks 4,875 34,730
Debtors 4 32,686 49,672
Cash at bank and in hand 5,532 475
43,093 84,877
Creditors: amounts falling due within one year 5 (80,239) (81,441)
Net current (liabilities)/assets (37,146) 3,436
Total assets less current liabilities 18,050 78,001
Creditors: amounts falling due after more than one year 6 (57,414) (18,333)
Net (liabilities)/assets (39,364) 59,668
Capital and reserves
Called up share capital 6 6
Profit and loss account (39,370) 59,662
Shareholders' funds (39,364) 59,668
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
LG Hicks
Director
Approved by the board on 15 April 2025
Ampress Welding & Fabrications Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 392,583 8,479 401,062
Additions 300 - 300
At 31 January 2025 392,883 8,479 401,362
Depreciation
At 1 February 2024 323,105 3,392 326,497
Charge for the year 17,974 1,695 19,669
At 31 January 2025 341,079 5,087 346,166
Net book value
At 31 January 2025 51,804 3,392 55,196
At 31 January 2024 69,478 5,087 74,565
4 Debtors 2025 2024
£ £
Trade debtors 15,027 41,643
Other debtors 17,659 8,029
32,686 49,672
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 17,833 16,247
Trade creditors 33,716 30,791
Taxation and social security costs 28,690 34,364
Other creditors - 39
80,239 81,441
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 57,414 18,333
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
LG Hicks
Loan 233 47,035 (42,960) 4,308
J Hicks
Loan 233 47,035 (42,960) 4,308
C Hicks
Loan (20) 10,317 (10,297) -
LE Hicks
Loan (20) 10,317 (10,297) -
426 114,704 (106,514) 8,616
8 Controlling party
The company is controlled by LG Hicks, J Hicks, C Hicks and LE Hicks.
9 Other information
Ampress Welding & Fabrications Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 340 Ampress Lane
Ampress Park
Southampton Road
Lymington
SO41 8JX
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