Ammann UK Limited - Accounts to registrar (filleted) - small 18.2
Ammann UK Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Ammann UK Limited |
| Financial Statements |
| for the Year Ended 31 December 2019 |
| Ammann UK Limited (Registered number: 02406359) |
| Contents of the Financial Statements |
| for the year ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 6 |
| Ammann UK Limited |
| Company Information |
| for the year ended 31 December 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 13 The Courtyard |
| Timothy's Bridge Road |
| Stratford Upon Avon |
| Warwickshire |
| CV37 9NP |
| Ammann UK Limited (Registered number: 02406359) |
| Balance Sheet |
| 31 December 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements |
| for the year ended 31 December 2019 |
| 1. | STATUTORY INFORMATION |
| Ammann UK Limited is a |
| 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 |
| The parent company has confirmed that sufficient financial support will be provided to enable this |
| company to continue its operations for a period of not less than 12 months from the date the balance |
| sheet is signed and accordingly the financial statements are prepared on a going concern basis. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
| 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
| party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Part sales are recognised when the significant risk and rewards of ownership are transferred to the |
| buyer. |
| Service sales are recognised at the stage of completion and when the amount of revenue can be |
| measured reliably. |
| Retrofit sales are recognised when the goods have been installed and the risk and rewards of |
| ownership have been transferred to the buyer. |
| Commission sales are recognised when the contract of sale has been approved by the customer. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stock and Work in progress are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| Cost is calculated using the average cost basis and includes all purchase, transport, and handling costs |
| in bringing stocks to their present location and condition. |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
| Income and Retained Earnings, 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. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2019 |
| Additions |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | DEFERRED TAX |
| £ |
| Balance at 1 January 2019 | ( |
) |
| Charge to Statement of Income and Retained Earnings during year |
| Balance at 31 December 2019 | ( |
) |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | CONTINGENT LIABILITIES |
| There is an ongoing Legal Dispute with a Customer which as at the date of these accounts remains |
| unresolved. The outcome is currently uncertain and total claim is £501,442, however the Directors |
| believe that any potential liability will be covered by the Company insurance policy if required. |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |