Almond & Mellor Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02070569 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

FOR

ALMOND & MELLOR SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P Almond

Mr S J Mellor

Mr M I Almond

REGISTERED OFFICE:

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

REGISTERED NUMBER:

02070569 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

BANKERS:

Barclays Bank Plc

8/14 Darwen Street

Blackburn

Lancashire

BB2 2BZ

FIXED ASSETS

Tangible assets

4

60,474

67,665

CURRENT ASSETS

Stocks

28,727

28,225

Debtors

5

190,819

274,443

Cash at bank

13,828

1,000

233,374

303,668

CREDITORS

Amounts falling due within one year

6

166,814

238,580

NET CURRENT ASSETS

66,560

65,088

TOTAL ASSETS LESS CURRENT LIABILITIES

127,034

132,753

CREDITORS

Amounts falling due after more than one year

7

(42,500

)

-

PROVISIONS FOR LIABILITIES

(11,424

)

(12,776

)

NET ASSETS

73,110

119,977

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

73,006

119,873

SHAREHOLDERS' FUNDS

73,110

119,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th October 2021 and were signed on its behalf by:

Mr M I Almond - Director

Mr S J Mellor - Director

1.	STATUTORY INFORMATION

Almond & Mellor Services Limited is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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 first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2020 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2020

202,180

26,900

229,080

Additions

4,305

-

4,305

At 31st March 2021

206,485

26,900

233,385

DEPRECIATION

At 1st April 2020

145,153

16,262

161,415

Charge for year

8,836

2,660

11,496

At 31st March 2021

153,989

18,922

172,911

NET BOOK VALUE

At 31st March 2021

52,496

7,978

60,474

At 31st March 2020

57,027

10,638

67,665

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

131,164

175,729

Other debtors

59,655

98,714

190,819

274,443

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

7,500

4,137

Trade creditors

54,445

77,622

Taxation and social security

74,057

63,642

Other creditors

30,812

93,179

166,814

238,580

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

42,500

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,500

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2021 and 31st March 2020:

31.3.21

31.3.20

£

£

Mrs P Almond

Balance outstanding at start of year

4,089

15,856

Amounts advanced

33,360

9,762

Amounts repaid

(34,529

)

(21,529

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,920

4,089

Mr M I Almond

Balance outstanding at start of year

31,874

36,533

Amounts advanced

20,974

39,341

Amounts repaid

(55,000

)

(44,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,152

)

31,874

Mr R Aspden

Balance outstanding at start of year

6,655

24,265

Amounts advanced

-

6,690

Amounts repaid

(6,655

)

(24,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,655

Mr S J Mellor

Balance outstanding at start of year

52,089

38,381

Amounts advanced

44,508

53,158

Amounts repaid

(50,450

)

(39,450

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

46,147

52,089

The above loans are unsecured, interest free and repayable on demand.