Company Registration No. NI607378 (Northern Ireland)
A N E Solutions Ltd
Unaudited accounts
for the year ended 31 May 2022
A N E Solutions Ltd
Unaudited accounts
Contents
A N E Solutions Ltd
Company Information
for the year ended 31 May 2022
Directors
Martin McQuillian
Christina McQuillian
Company Number
NI607378 (Northern Ireland)
Registered Office
25 Tuftarney Road
Newtown Crommelin
Ballymena
Antrim
BT43 6RZ
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
A N E Solutions Ltd
Statement of financial position
as at 31 May 2022
Tangible assets
70,765
3,719
Inventories
44,800
116,879
Cash at bank and in hand
42,575
20,480
Creditors: amounts falling due within one year
(145,005)
(258,663)
Net current assets
92,701
196,193
Total assets less current liabilities
163,466
199,912
Creditors: amounts falling due after more than one year
(98,926)
(40,476)
Called up share capital
2
2
Profit and loss account
64,538
159,434
Shareholders' funds
64,540
159,436
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2022 and were signed on its behalf by
Martin McQuillian
Director
Company Registration No. NI607378
A N E Solutions Ltd
Notes to the Accounts
for the year ended 31 May 2022
A N E Solutions Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI607378. The registered office is 25 Tuftarney Road, Newtown Crommelin, Ballymena, Antrim, BT43 6RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight line
Plant & machinery
17.5% straight line
Motor vehicles
17.5% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Expenditure on research and development is written off in the year in which it is incurred.
A N E Solutions Ltd
Notes to the Accounts
for the year ended 31 May 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2021
-
30,034
12,120
42,154
Additions
5,969
70,715
-
76,684
At 31 May 2022
5,969
100,749
12,120
118,838
At 1 June 2021
-
26,315
12,120
38,435
Charge for the year
484
9,154
-
9,638
At 31 May 2022
484
35,469
12,120
48,073
At 31 May 2022
5,485
65,280
-
70,765
At 31 May 2021
-
3,719
-
3,719
Amounts falling due within one year
Trade debtors
145,381
271,187
Accrued income and prepayments
4,950
-
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
131,399
134,434
Trade creditors
40,059
43,227
Taxes and social security
(95,360)
(25,398)
Other creditors
41,565
74,669
Loans from directors
14,177
19,578
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 18 (2021: 18).