AHS Plastering Systems Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08335624 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AHS PLASTERING SYSTEMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Mr J F Smith

REGISTERED OFFICE:

279 Woodchurch Road

Birkenhead

Merseyside

CH42 9LE

REGISTERED NUMBER:

08335624 (England and Wales)

ACCOUNTANTS:

Dunhams

Chartered Accountants

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

FIXED ASSETS

Tangible assets

4

67,800

75,525

CURRENT ASSETS

Stocks

5

46,493

48,649

Debtors

6

125,786

10,824

Cash at bank and in hand

183,945

79,039

356,224

138,512

CREDITORS

Amounts falling due within one year

7

(259,130

)

(85,113

)

NET CURRENT ASSETS

97,094

53,399

TOTAL ASSETS LESS CURRENT LIABILITIES

164,894

128,924

CREDITORS

Amounts falling due after more than one
year

8

(15,124

)

(23,333

)

NET ASSETS

149,770

105,591

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

149,768

105,589

SHAREHOLDERS' FUNDS

149,770

105,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 July 2025 and were signed by:

Mr J F Smith - Director

1.	STATUTORY INFORMATION

AHS Plastering Systems Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the Company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The key judgements are as follows:

Work in Progress

This relates to contract works completed in the current financial year but not yet invoiced. It is based on inspection completed by qualified quantity surveyors.

Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors believe that there are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

Turnover

Turnover is the total amount receivable by the company in the ordinary course of business with outside

customers for the goods supplied and services provided excluding VAT. On long term contracts the estimated sales value of work performed in the period is included.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

65,723

27,701

4,405

97,829

DEPRECIATION

At 1 January 2024

-

18,700

3,604

22,304

Charge for year

-

6,925

800

7,725

At 31 December 2024

-

25,625

4,404

30,029

NET BOOK VALUE

At 31 December 2024

65,723

2,076

1

67,800

At 31 December 2023

65,723

9,001

801

75,525

5.

STOCKS

2024

2023

£

Work-in-progress

46,493

48,649

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,000

-

VAT

28,460

10,824

Prepayments and accrued income

96,326

-

125,786

10,824

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,508

12,261

Trade creditors

51,368

4,395

Tax

45,520

28,741

Social security and other taxes

(361

)

5,308

CIS

10,647

-

Other creditors

(1,000

)

-

Directors' current accounts

14,764

7,007

Accrued expenses

127,684

27,401

259,130

85,113

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

15,124

12,739

Bank loans - 2-5 years

-

10,594

15,124

23,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

25,632

35,594

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

Mrs A J Smith

Balance outstanding at start of year

-

(1,855

)

Amounts repaid

-

1,855

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J F Smith.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AHS Plastering Systems Ltd for the year ended 31 December 2024 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of AHS Plastering Systems Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AHS Plastering Systems Ltd and state those matters that we have agreed to state to the director of AHS Plastering Systems Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AHS Plastering Systems Ltd and its director for our work or for this report.

It is your duty to ensure that AHS Plastering Systems Ltd 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 AHS Plastering Systems Ltd. You consider that AHS Plastering Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AHS Plastering Systems Ltd. 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.

Dunhams

Chartered Accountants

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

16 July 2025