Allison Machinery Solutions Limited Accounts

ALLISON MACHINERY SOLUTIONS LIMITED - Company Information






Allison Machinery Solutions Limited

	Company No. 09271328
		Information for Filing with The Registrar
		31 October 2020

The Directors present their report and the accounts for the year ended 31 October 2020.

Principal activities
The principal activity of the company during the year under review was engineering.




Directors

The Directors who served at any time during the year were as follows:

H. Allison
M. Allison




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

H. Allison
Director
29 June 2021

at	31 October 2020
Company No.		09271328	Notes	2020	2019
				£	£






Current assets

	Debtors		4	-	1,840

	Cash at bank and in hand			2,886	1,197
				2,886	3,037
Creditors: Amount falling due within one year			5	(25,895)	(32,541)
Net current liabilities				(23,009)	(29,504)
Total assets less current liabilities				(23,009)	(29,504)




Net liabilities				(23,009)	(29,504)

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		6	(23,109)	(29,604)

Total equity				(23,009)	(29,504)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 October 2020 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 June 2021
And signed on its behalf by:
H. Allison
Director
29 June 2021

for the year ended 31 October 2020

General information

Its registered number is: 09271328

Its registered office is:

Forge Cottage Station Road

Scruton

Northallerton

North Yorkshire

DL7 0QP

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% straight line

Motor vehicles

25% straight line

Furniture, fittings and equipment

33.33% straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2020	2019
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	1

4	Debtors
			2020	2019
			£	£
		Trade debtors	-	1,840







			-	1,840

5	Creditors:
		amounts falling due within one year
			2020	2019
			£	£




		Trade creditors	-	2,496



		Loans from directors	25,355	28,553

		Accruals and deferred income	540	1,492
			25,895	32,541

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.