Anglia Transformers Limited - Accounts to registrar (filleted) - small 23.2.5

Anglia Transformers Limited - Accounts to registrar (filleted) - small 23.2.5

ANGLIA TRANSFORMERS LIMITED - Company Information

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REGISTERED NUMBER: 00833248 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ANGLIA TRANSFORMERS LIMITED
ANGLIA TRANSFORMERS LIMITED (REGISTERED NUMBER: 00833248)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANGLIA TRANSFORMERS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: N Garrett





SECRETARY: N Garrett





REGISTERED OFFICE: Grange Road, Tongham
Farnham
Surrey
GU10 1DJ





REGISTERED NUMBER: 00833248 (England and Wales)





ACCOUNTANTS: Fox & Co (Accountants) Ltd
The Clock House
Western Court
Bishop's Sutton.
Alresford
Hampshire
SO24 0AA
Page 1
ANGLIA TRANSFORMERS LIMITED (REGISTERED NUMBER: 00833248)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,227 8,977

CURRENT ASSETS
Stocks 41,615 80,446
Debtors 5 30,977 11,109
Cash at bank and in hand 10,974 37,450
83,566 129,005
CREDITORS
Amounts falling due within one year 6 89,471 33,620
NET CURRENT (LIABILITIES)/ASSETS (5,905 ) 95,385
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,322
104,362

CAPITAL AND RESERVES
Called up share capital 49,000 49,000
Share premium 352 352
Retained earnings (47,030 ) 55,010
2,322 104,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 June 2024 and were signed by:





N Garrett - Director


The notes form part of these financial statements

Page 2
ANGLIA TRANSFORMERS LIMITED (REGISTERED NUMBER: 00833248)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Anglia Transformers 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.

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
Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

Plant & Machinery- Straight line over 40 and 10 years
Fixtures & Fittings- Straight line over 20 and 10 years
Motor Vehicles- Straight line over 5 years
Equipment- Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Page 3 continued...
ANGLIA TRANSFORMERS LIMITED (REGISTERED NUMBER: 00833248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

Trading losses
In accordance with FRS 102 Section 1A, the company accounts for surrendered tax losses to its parent company by recognising compensation received as other income at the time the compensation is agreed and legally enforceable. No income is recognised where no compensation is received. The impact of any loss surrender on the company's tax charge is recognised in the period in which the surrender affects the actual tax liability or creates a change in deferred tax assets or liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 101,367
DEPRECIATION
At 1 October 2022 92,390
Charge for year 750
At 30 September 2023 93,140
NET BOOK VALUE
At 30 September 2023 8,227
At 30 September 2022 8,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,560 10,359
Other debtors 8,417 750
30,977 11,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,326 6,212
Amounts owed to group undertakings 79,014 17,100
Taxation and social security 1,881 9,058
Other creditors 1,250 1,250
89,471 33,620

Page 4 continued...
ANGLIA TRANSFORMERS LIMITED (REGISTERED NUMBER: 00833248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

7. OTHER FINANCIAL COMMITMENTS

At the close of the accounting period, the company had total other financial commitments amounting to £9,000 (2022: £9000).

8. RELATED PARTY DISCLOSURES

During the year, Anglia Transformers Limited entered into transactions with its parent company Annicom Limited, which is also its ultimate controlling party. The total amount of these transactions was £79,000. These transactions were conducted in the ordinary course of business and on normal commercial terms.
The balance at the end of the accounting period related to transactions with parent company amounted to £79,000. This amount represents loan balance which is interest-free and repayable on demand.

The directors consider the terms of these transactions to be fair and reasonable in relation to the business and the context of the market conditions under which the transactions were made.
This disclosure ensures transparency regarding the financial interactions with the parent company and provides stakeholders with insights into potential impacts on the financial statements.

Page 5