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REGISTERED NUMBER: 02834132 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Assistmost Enterprises Limited

Assistmost Enterprises Limited (Registered number: 02834132)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Assistmost Enterprises Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr C Sheppard
Mr A J Sheppard





SECRETARY: Mr C Sheppard





REGISTERED OFFICE: Drummau Farm
Drummau Road
Skewen
NEATH
SA10 6NW





REGISTERED NUMBER: 02834132 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Assistmost Enterprises Limited (Registered number: 02834132)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 474,061 844,110
Investments 5 75,000 75,000
549,061 919,110

CURRENT ASSETS
Stocks 19,033 19,033
Debtors 6 662,835 716,908
Cash at bank 419,252 22,996
1,101,120 758,937
CREDITORS
Amounts falling due within one year 7 356,925 442,039
NET CURRENT ASSETS 744,195 316,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,293,256

1,236,008

PROVISIONS FOR LIABILITIES 99,936 115,845
NET ASSETS 1,193,320 1,120,163

Assistmost Enterprises Limited (Registered number: 02834132)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,193,318 1,120,161
SHAREHOLDERS' FUNDS 1,193,320 1,120,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





Mr C Sheppard - Director


Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Assistmost Enterprises 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 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.

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.

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 300,000 635,117 75,000
Additions - 1,099 -
Disposals (300,000 ) (95,153 ) (75,000 )
At 31 July 2024 - 541,063 -
DEPRECIATION
At 1 August 2023 - 351,095 -
Charge for year - 69,160 -
Eliminated on disposal - (87,402 ) -
At 31 July 2024 - 332,853 -
NET BOOK VALUE
At 31 July 2024 - 208,210 -
At 31 July 2023 300,000 284,022 75,000

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 406,964 20,923 1,438,004
Additions 157,898 - 158,997
Disposals (17,627 ) - (487,780 )
At 31 July 2024 547,235 20,923 1,109,221
DEPRECIATION
At 1 August 2023 224,480 18,319 593,894
Charge for year 69,569 651 139,380
Eliminated on disposal (10,712 ) - (98,114 )
At 31 July 2024 283,337 18,970 635,160
NET BOOK VALUE
At 31 July 2024 263,898 1,953 474,061
At 31 July 2023 182,484 2,604 844,110

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 75,000
NET BOOK VALUE
At 31 July 2024 75,000
At 31 July 2023 75,000

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,760 121,219
Intercompany - 180,000
Other debtors 588,075 413,000
VAT - 2,689
662,835 716,908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 44,500 56,500
Trade creditors 11,005 10,160
Tax 6,364 69,401
Social security and other taxes - 1,865
VAT 4,532 -
Other creditors 216,500 -
Intercompany creditors 70,000 300,000
Directors' current accounts 423 422
Accrued expenses 3,601 3,691
356,925 442,039

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr C Sheppard
Balance outstanding at start of year - 141,479
Amounts repaid - (141,479 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr A J Sheppard
Balance outstanding at start of year (422 ) (1,614 )
Amounts advanced - 1,192
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (422 ) (422 )

Assistmost Enterprises Limited (Registered number: 02834132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. RELATED PARTY DISCLOSURES

Monolithic Environmental Services Ltd

Mr C Sheppard & Mr A Sheppard are directors and shareholders of this company.

As at 31 July 2024 there was a £70,000 (2023- £120,000) creditor balance due to Monolithic Environmental Services Ltd.

During the year the company made sales to Monolithic Environmental Services Ltd totalling £40,855 (2023- £92,360). As at the year end included in trade debtors is an amount of £6,000 (2023 - £20,472) due from Monolithic Environmental Ltd.

Monolithic Refractories Ltd

Mr C Sheppard is a director & Mr A Sheppard is a shareholder of this company.

As at 31 July 2024 there was a £0 (2023- £180,000) creditor balance due to Monolithic Refractories Ltd.

During the year the company made sales to Monolithic Refractories Ltd totalling £453,843 (2023- £430,880). As at the year end included in trade debtors is an amount of £62,460 (2023 - £92,280) due from Monolithic Refractories Ltd.

During the year the company made rental payments to Monolithic Refractories totalling £114,000 (2023-£0).

Glyn Clydach Hotel

Mr A Sheppard is a director and shareholder of this company.

As at 31 July 2024 there was a £0 (2023 - £180,000) debtor balance outstanding from Glyn Clydach Hotel Ltd.

During the year the company made sales to Glyn Clydach Hotel Ltd totalling £1,734 (2023- £3,606). As at the year end included in trade debtors is an amount of £0 (2023 - £691) due from Glyn Clydach Hotel Ltd.

All transactions between related parties were at an arms length basis.