Registered number: 03860114
A - Z Engineering Limited
Filleted Accounts
31 December 2024
A - Z Engineering Limited
Registered number: 03860114
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,141,155 913,128
Current assets
Stocks 79,000 79,000
Debtors 4 285,369 396,164
Cash at bank and in hand 120,940 428,367
485,309 903,531
Creditors: amounts falling due within one year 5 (361,916) (487,818)
Net current assets 123,393 415,713
Total assets less current liabilities 1,264,548 1,328,841
Creditors: amounts falling due after more than one year 6 (367,730) (268,284)
Provisions for liabilities (211,065) (165,378)
Net assets 685,753 895,179
Capital and reserves
Called up share capital 200 200
Profit and loss account 685,553 894,979
Shareholders' funds 685,753 895,179
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.
Mr Roger Jones
Director
Approved by the board on 19 September 2025
A - Z Engineering Limited
Notes to the Accounts
for the year ended 31 December 2024
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:
Property improvements 10% Reducing balance
Plant & Machinery 20% & 50% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 50% 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.
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. 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.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 19
3 Tangible fixed assets
Property Improvements Plant and machinery etc Motor vehicles Computer equipment
£ £ £ £
Cost
At 1 January 2024 14,714 2,242,109 99,111 37,167
Additions - 463,641 2,000 14,628
Disposals - (16,000) (15,000) -
At 31 December 2024 14,714 2,689,750 86,111 51,795
Depreciation
At 1 January 2024 1,471 1,409,799 42,406 35,418
Charge for the year 1,324 223,118 14,207 8,193
On disposals - (12,435) (13,123) -
At 31 December 2024 2,795 1,620,482 43,490 43,611
Net book value
At 31 December 2024 11,919 1,069,268 42,621 8,184
At 31 December 2023 13,243 832,310 56,705 1,749
Fixtures and fittings Total
£ £
Cost
At 1 January 2024 75,266 2,468,367
Additions 2,330 482,599
Surplus on revaluation - -
Disposals - (31,000)
At 31 December 2024 77,596 2,919,966
Depreciation
At 1 January 2024 66,145 1,555,239
Charge for the year 2,288 249,130
Surplus on revaluation - -
On disposals - (25,558)
At 31 December 2024 68,433 1,778,811
Net book value
At 31 December 2024 9,163 1,141,155
At 31 December 2023 9,121 913,128
4 Debtors 2024 2023
£ £
Trade debtors 278,603 365,355
Other debtors 6,766 30,809
285,369 396,164
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,592 3,001
Obligations under finance lease and hire purchase contracts 226,640 190,011
Trade creditors 118,491 217,730
Taxation and social security costs 5,665 61,628
Other creditors 9,528 15,448
361,916 487,818
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 367,730 268,284
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Roger Jones
Loan repaid after year end 27,873 (27,873) -
27,873 - (27,873) -
8 Other information
A - Z Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit I Cargotec Industrial Park
Elson Road
Ellesmere
Shropshire
SY12 9JW
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