Amos Services Hadleigh Limited Filleted accounts for Companies House (small and micro)

AMOS SERVICES HADLEIGH LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04611475

Amos Services Hadleigh Limited

Filleted Unaudited Abridged Financial Statements

31 May 2021

Amos Services Hadleigh Limited

Abridged Statement of Financial Position

31 May 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	6		12,702	13,802

Current assets

Debtors	129,261	75,521
Cash at bank and in hand	300,881	68,765
	---------	---------
	430,142	144,286

Creditors: amounts falling due within one year	209,887		119,208
	---------		---------
Net current assets		220,255	25,078
		---------	--------
Total assets less current liabilities		232,957	38,880

Creditors: amounts falling due after more than one year		24,000	30,000

Provisions

Taxation including deferred tax	1,795	–
	---------	--------
Net assets	207,162	8,880
	---------	--------

Capital and reserves

Called up share capital	105	105
Profit and loss account	207,057	8,775
	---------	-------
Shareholders funds	207,162	8,880
	---------	-------

These abridged 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 abridged statement of comprehensive income has not been delivered.

For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

Amos Services Hadleigh Limited

Abridged Statement of Financial Position (continued)

31 May 2021

These abridged financial statements were approved by the board of directors and authorised for issue on 25 October 2021 , and are signed on behalf of the board by:

Mr D Dukes	Mr C MacLean
Director	Director

Company registration number: 04611475

Amos Services Hadleigh Limited

Notes to the Abridged Financial Statements

Year ended 31 May 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 319 London Road, Hadleigh, Essex, SS7 2BN.

2. Statement of compliance

These abridged 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 abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Corporation tax

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.

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	-	20% 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:

Short Leasehold Property	-	20% straight line
Fixtures & Fittings	-	25% reducing balance
Computer Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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 statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2020: 12 ).

5. Intangible assets

	£
Cost
At 1 June 2020 and 31 May 2021	110,000
	---------
Amortisation
At 1 June 2020 and 31 May 2021	110,000
	---------
Carrying amount
At 31 May 2021	–
	---------
At 31 May 2020	–
	---------

6. Tangible assets

	£
Cost
At 1 June 2020	49,386
Additions	5,061
	--------
At 31 May 2021	54,447
	--------
Depreciation
At 1 June 2020	35,584
Charge for the year	6,161
	--------
At 31 May 2021	41,745
	--------
Carrying amount
At 31 May 2021	12,702
	--------
At 31 May 2020	13,802
	--------

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D Dukes	37,181	( 37,185)	( 4)
Mr C MacLean	4,019	( 28,585)	( 24,566)
	--------	--------	--------
	41,200	( 65,770)	( 24,570)
	--------	--------	--------

	2020
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D Dukes	32,726	4,455	37,181
Mr C MacLean	9,394	( 5,376)	4,018
	--------	-------	--------
	42,120	( 921)	41,199
	--------	-------	--------