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COMPANY REGISTRATION NUMBER: 05928764
A & H Safety Consultants Limited
Filleted Unaudited Financial Statements
30 September 2018
A & H Safety Consultants Limited
Financial Statements
Year ended 30 September 2018
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
The following pages do not form part of the financial statements
Chartered accountants and business advisers report to the board of directors on the preparation of the unaudited statutory financial statements
8
A & H Safety Consultants Limited
Statement of Financial Position
30 September 2018
2018
2017
Note
£
£
£
Fixed assets
Tangible assets
6
9,286
11,702
Current assets
Debtors
7
29,424
25,443
Cash at bank and in hand
55,142
35,951
--------
--------
84,566
61,394
Creditors: amounts falling due within one year
8
23,847
18,128
--------
--------
Net current assets
60,719
43,266
--------
--------
Total assets less current liabilities
70,005
54,968
Creditors: amounts falling due after more than one year
9
75
Provisions
Taxation including deferred tax
1,764
2,340
--------
--------
Net assets
68,241
52,553
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
68,141
52,453
--------
--------
Members funds
68,241
52,553
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 .
A & H Safety Consultants Limited
Statement of Financial Position (continued)
30 September 2018
These financial statements were approved by the board of directors and authorised for issue on 5 December 2018 , and are signed on behalf of the board by:
Mr A R Williams
Director
Company registration number: 05928764
A & H Safety Consultants Limited
Notes to the Financial Statements
Year ended 30 September 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Parkend Walk, Rhostyllen, Wrexham, LL14 4EX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
-
50% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant & Machinery
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2017 and 30 September 2018
5,000
-------
Amortisation
At 1 October 2017 and 30 September 2018
5,000
-------
Carrying amount
At 30 September 2018
-------
6. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 October 2017
7,953
14,193
22,146
Additions
1,291
1,291
Disposals
( 1,459)
( 1,459)
-------
--------
--------
At 30 September 2018
7,785
14,193
21,978
-------
--------
--------
Depreciation
At 1 October 2017
4,234
6,210
10,444
Charge for the year
1,005
1,996
3,001
Disposals
( 753)
( 753)
-------
--------
--------
At 30 September 2018
4,486
8,206
12,692
-------
--------
--------
Carrying amount
At 30 September 2018
3,299
5,987
9,286
-------
--------
--------
At 30 September 2017
3,719
7,983
11,702
-------
--------
--------
7. Debtors
2018
2017
£
£
Trade debtors
26,453
22,201
Other debtors
2,971
3,242
--------
--------
29,424
25,443
--------
--------
8. Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
3,345
1,958
Social security and other taxes
19,684
15,022
Other creditors
818
1,148
--------
--------
23,847
18,128
--------
--------
9. Creditors: amounts falling due after more than one year
2018
2017
£
£
Other creditors
75
----
----
10. Directors' advances, credits and guarantees
In the year the company paid £42,000 dividends to directors who are also shareholders. The directors operate a current account with the company. As follows:
2018
£
Balance B/Fwd 1,487
Movements (1,487)
-------
Balance C/Fwd
-------
11. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 section 33.
A & H Safety Consultants Limited
Management Information
Year ended 30 September 2018
The following pages do not form part of the financial statements.
A & H Safety Consultants Limited
Chartered Accountants and Business Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of A & H Safety Consultants Limited
Year ended 30 September 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A & H Safety Consultants Limited for the year ended 30 September 2018, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of A & H Safety Consultants Limited, as a body, in accordance with the terms of our engagement letter dated 8 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of A & H Safety Consultants Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & H Safety Consultants Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that A & H Safety Consultants 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 A & H Safety Consultants Limited. You consider that A & H Safety Consultants 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 A & H Safety Consultants 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.
BRUCE ROBERTS & CO LIMITED Chartered Accountants and Business Advisers
Unit 10, Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT
5 December 2018