AHCI Limited 31/07/2022 iXBRL
AHCI Limited 31/07/2022 iXBRL
Company registration number:
09135644
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors | |||
|
|||
|
|||
|
|||
|
(Resigned 22 November 2022) | ||
Company number |
|
||
Registered office |
|
||
|
|||
|
|||
Business address |
|
||
|
|||
|
|||
|
|||
|
|||
Accountants |
|
||
Parkgates | |||
Bury New Road | |||
Prestwich | |||
M25 0JW | |||
Bankers |
|
|
1 Spinningfields Square | ||
Manchester | ||
M3 3AP | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of AHCI Limited
Year ended 31 July 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AHCI Limited for the year ended 31 July 2022 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of AHCI Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of AHCI Limited and state those matters that we have agreed to state to the board of directors of AHCI Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AHCI Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that AHCI Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AHCI Limited. You consider that AHCI Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of AHCI Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Accountants and registered auditors
Parkgates
Bury New Road
Prestwich
M25 0JW
10 March 2023
Abridged statement of financial position
31 July 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 9 |
|
|
||||||
Investments | 10 |
|
|
||||||
_______ | _______ | ||||||||
|
|
||||||||
Current assets | |||||||||
Stocks |
|
|
|||||||
Debtors |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net current assets |
|
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
|
|
|||||||
_______ | _______ | ||||||||
Net assets |
|
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
|
|||||||
_______ | _______ | ||||||||
Shareholders funds |
|
|
|||||||
_______ | _______ | ||||||||
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 March 2023
, and are signed on behalf of the board by:
Director
Company registration number:
09135644
Notes to the financial statements
Year ended 31 July 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 4B Dewhurst Road, Warrington, WA3 7GB.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
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:
Fittings fixtures and equipment | - |
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Government grants
Construction contracts
Financial instruments
Defined contribution plans
4.
Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5.
Other operating income
2022 | 2021 | |||
£ | £ | |||
Government grant income | - |
|
||
_______ | _______ | |||
6.
Operating profit
Operating profit is stated after charging/(crediting):
2022 | 2021 | ||||
£ | £ | ||||
Depreciation of tangible assets |
|
|
|||
Operating lease rentals |
|
|
|||
_______ | _______ | ||||
7.
Staff costs
The aggregate payroll costs incurred during the year were:
2022 | 2021 | |||
£ | £ | |||
Wages and salaries |
|
|
||
Social security costs |
|
|
||
Other pension costs |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
8.
Employee numbers
The average number of persons employed by the company during the year amounted to
40
(2021:
41
).
9.
Tangible assets
£ | ||
Cost | ||
At 1 August 2021 |
|
|
Additions |
|
|
_______ | ||
At 31 July 2022 |
|
|
_______ | ||
Depreciation | ||
At 1 August 2021 |
|
|
Charge for the year |
|
|
_______ | ||
At 31 July 2022 |
|
|
_______ | ||
Carrying amount | ||
At 31 July 2022 |
|
|
_______ | ||
At 31 July 2021 |
|
|
_______ | ||
10.
Investments
£ | ||
Cost | ||
At 1 August 2021 and 31 July 2022 |
|
|
_______ | ||
Impairment | ||
At 1 August 2021 and 31 July 2022 | - | |
_______ | ||
Carrying amount | ||
At 31 July 2022 |
|
|
_______ | ||
At 31 July 2021 |
|
|
_______ | ||
11.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2022 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
(
|
|
(
|
|
|
|
(
|
|
(
|
|
|
|
(
|
|
(
|
|
|
_______ | _______ | _______ | _______ | ||
(
|
|
(
|
|
||
_______ | _______ | _______ | _______ | ||
2021 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
(
|
|
(
|
(
|
|
|
(
|
|
(
|
(
|
|
|
(
|
|
(
|
(
|
|
_______ | _______ | _______ | _______ | ||
(
|
|
(
|
(
|
||
_______ | _______ | _______ | _______ | ||
The directors have confirmed that all overdrawn directors loan accounts will be repaid within 9 months of the year end.