A M Chimneys Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06790837

A M Chimneys Ltd

Filleted Unaudited Financial Statements

31 March 2025

A M Chimneys Ltd

Officers and Professional Advisers

Director	A Payne

Registered office	3a The Wenta Business Centre
	Colne Way
	Watford
	Herts
	WD24 7ND

Accountants	Warners
	Chartered Accountants
	3a The Wenta Business Centre
	Colne Way
	Watford
	WD24 7ND

A M Chimneys Ltd

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		8,674	10,540

Current assets

Debtors	7	7,415	35,041
Cash at bank and in hand		97,787	136,516
		---------	---------
		105,202	171,557

Creditors: amounts falling due within one year	8	50,474		66,081
		---------		---------
Net current assets			54,728	105,476
			--------	---------
Total assets less current liabilities			63,402	116,016

Provisions

Taxation including deferred tax	1,995	2,529
	--------	---------
Net assets	61,407	113,487
	--------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	61,307	113,387
	--------	---------
Shareholders funds	61,407	113,487
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 July 2026 , and are signed on behalf of the board by:

A Payne _______________ Director

Company registration number: 06790837

A M Chimneys Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3a The Wenta Business Centre, Colne Way, Watford, Herts, WD24 7ND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the amount earned for work carried out during the year and takes account of the stage of completion of the work.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computers	-	30% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024	38,000
Additions	–
Disposals	( 38,000)
	--------
At 31 March 2025	–
	--------
Amortisation
At 1 April 2024	38,000
Charge for the year	–
Disposals	( 38,000)
	--------
At 31 March 2025	–
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6. Tangible assets

	Computer equipment	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	6,630	17,495	17,988	42,113
Additions	584	–	2,497	3,081
Disposals	( 960)	–	( 7,201)	( 8,161)
	-------	--------	--------	--------
At 31 March 2025	6,254	17,495	13,284	37,033
	-------	--------	--------	--------
Depreciation
At 1 April 2024	5,513	11,959	14,101	31,573
Charge for the year	750	1,384	2,813	4,947
Disposals	( 960)	–	( 7,201)	( 8,161)
	-------	--------	--------	--------
At 31 March 2025	5,303	13,343	9,713	28,359
	-------	--------	--------	--------
Carrying amount
At 31 March 2025	951	4,152	3,571	8,674
	-------	--------	--------	--------
At 31 March 2024	1,117	5,536	3,887	10,540
	-------	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	5,577	31,123
Prepayments and accrued income	1,063	942
Amounts recoverable on contracts	775	2,140
Other debtors	–	836
	-------	--------
	7,415	35,041
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,233	–
Trade creditors	3,098	8,990
Accruals and deferred income	7,815	3,842
Corporation tax	24,508	36,825
Social security and other taxes	2,424	6,676
Director loan accounts	4,063	2,143
Deposits held	–	7,335
Other creditors	333	270
	--------	--------
	50,474	66,081
	--------	--------

9. Transactions with directors

During the year dividends of £126,000 (2024: £130,000) were paid to the director and close family.