AET Engineering Limited Filleted accounts for Companies House (small and micro)
AET Engineering Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01155036
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FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2020
Contents |
Pages |
Balance sheet
1
Notes to the financial statements
2 to 5
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BALANCE SHEET |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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(
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
9 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
Directors' 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
;
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The directors acknowledge their 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
30 October 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
01155036
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 14 Beckbridge Road, Normanton Industrial Estate, Normanton, WF6 1TE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Foreign currencies
Tangible assets
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:
Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2019:
20
).
5.
Tangible assets
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2019 |
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Additions |
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– |
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At 31 March 2020 |
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Depreciation |
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At 1 April 2019 |
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Charge for the year |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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6.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Deferred tax asset |
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Prepayments and accrued income |
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Amounts owed by associated undertakings |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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8.
Deferred tax
The deferred tax included in the balance sheet is as follows:
2020 |
2019 |
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£ |
£ |
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Included in debtors (note 6) |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2020 |
2019 |
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£ |
£ |
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Accelerated capital allowances |
(
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(
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9.
Called up share capital
Issued, called up and fully paid
2020 |
2019 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2020 |
2019 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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11.
Controlling party
The company is a wholly-owned subsidiary of AET Holdings Limited, a company registered in England. This company is controlled by
A E Taylor
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