Registered number
01634399
A.E SERVICES & SUPPLIES (KEIGHLEY) LIMITED
Filleted Accounts
31 March 2025
A.E SERVICES & SUPPLIES (KEIGHLEY) LIMITED
Registered number: 01634399
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 527,038 550,767
Current assets
Stocks 23,133 23,133
Debtors 4 24,024 11,134
Cash at bank and in hand 68,575 40,328
115,732 74,595
Creditors: amounts falling due within one year 5 (208,423) (158,199)
Net current liabilities (92,691) (83,604)
Total assets less current liabilities 434,347 467,163
Creditors: amounts falling due after more than one year 6 (8,244) (13,977)
Net assets 426,103 453,186
Capital and reserves
Called up share capital 10,100 10,100
Revaluation reserve 7 335,000 335,000
Profit and loss account 81,003 108,086
Shareholders' funds 426,103 453,186
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.
I M Cummins
Director
Approved by the board on 18 June 2025
A.E SERVICES & SUPPLIES (KEIGHLEY) LIMITED
Notes to the Accounts
for the year ended 31 March 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & Buildings in accordance with the property
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 600,193 147,846 41,219 789,258
Disposals - - (41,219) (41,219)
At 31 March 2025 600,193 147,846 - 748,039
Depreciation
At 1 April 2024 81,568 133,093 23,830 238,491
Charge for the year 2,652 3,688 - 6,340
On disposals - - (23,830) (23,830)
At 31 March 2025 84,220 136,781 - 221,001
Net book value
At 31 March 2025 515,973 11,065 - 527,038
At 31 March 2024 518,625 14,753 17,389 550,767
4 Debtors 2025 2024
£ £
Trade debtors 11,032 5,924
Other debtors 12,992 5,210
24,024 11,134
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 104,741 54,490
Corporation tax 9,487 8,564
Other creditors 94,195 95,145
208,423 158,199
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 8,244 13,977
7 Revaluation reserve 2025 2024
£ £
At 1 April 2024 335,000 335,000
At 31 March 2025 335,000 335,000
8 Other information
A.E SERVICES & SUPPLIES (KEIGHLEY) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Cote House
Skipton Road
Crosshills
Keighley
BD20 7DS
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