Altrincham Building & Damp-Proofing Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05214334 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

ALTRINCHAM BUILDING AND

DAMP-PROOFING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Durkin

Mrs S C Durkin

REGISTERED OFFICE:

2nd Floor, Boulton House

17-21 Chorlton Street

Manchester

M1 3HY

REGISTERED NUMBER:

05214334 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

2nd Floor, Boulton House

17-21 Chorlton Street

Manchester

M1 3HY

FIXED ASSETS

Tangible assets

4

18,459

17,424

CURRENT ASSETS

Stocks

5

-

72,500

Debtors

6

65,729

21,556

Cash at bank

125,093

94,896

190,822

188,952

CREDITORS

Amounts falling due within one year

7

70,985

73,423

NET CURRENT ASSETS

119,837

115,529

TOTAL ASSETS LESS CURRENT LIABILITIES

138,296

132,953

CREDITORS

Amounts falling due after more than one year

8

(37,271

)

(46,134

)

PROVISIONS FOR LIABILITIES

9

(3,507

)

(3,310

)

NET ASSETS

97,518

83,509

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

97,516

83,507

SHAREHOLDERS' FUNDS

97,518

83,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 4 May 2023 and were signed on its behalf by:

R A Durkin - Director

1.	STATUTORY INFORMATION

Altrincham Building And Damp-Proofing 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2021

67,557

Additions

7,800

At 31 August 2022

75,357

DEPRECIATION

At 1 September 2021

50,133

Charge for year

6,765

At 31 August 2022

56,898

NET BOOK VALUE

At 31 August 2022

18,459

At 31 August 2021

17,424

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2021

and 31 August 2022

998

DEPRECIATION

At 1 September 2021

250

Charge for year

187

At 31 August 2022

437

NET BOOK VALUE

At 31 August 2022

561

At 31 August 2021

748

5.

STOCKS

31.8.22

31.8.21

£

£

Work-in-progress

-

72,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

61,749

2,304

Other debtors

315

-

Prepayments and accrued income

3,665

19,252

65,729

21,556

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans and overdrafts

9,586

3,932

Hire purchase contracts

67

798

Trade creditors

4,786

8,992

Tax

4,310

1,133

Social security and other taxes

5,652

10,129

VAT

29,767

34,046

Business card

2,343

3,939

Directors' loan accounts

11,096

7,504

Accrued expenses

3,378

2,950

70,985

73,423

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans - 1-2 years

9,829

9,606

Bank loans - 2-5 years

27,442

30,301

Bank loans more 5 yr by instal

-

6,160

Hire purchase contracts

-

67

37,271

46,134

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

6,160

9.	PROVISIONS FOR LIABILITIES

31.8.22

31.8.21

£

£

Deferred tax

3,507

3,310

Deferred

tax

£

Balance at 1 September 2021

3,310

Accelerated capital allowances

197

Balance at 31 August 2022

3,507

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.22

31.8.21

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 September 2021

83,507

Profit for the year

18,009

Dividends

(4,000

)

At 31 August 2022

97,516