Company Registration No. 07242811 (England and Wales)
Ampella Maintenance Limited
Unaudited accounts
for the year ended 31 March 2017
Ampella Maintenance Limited
Unaudited accounts
Contents
Ampella Maintenance Limited
Company Information
for the year ended 31 March 2017
Directors
K K Hawkins
J A Hawkins
S J Hawkins
A Hawkins
Company Number
07242811 (England and Wales)
Registered Office
NORFOLK HOUSE
14 STATION ROAD
LISS
HAMPSHIRE
GU33 7DT
Accountants
Hampshire Accountancy Services
College Court
15 Bowen Lane
Petersfield
Hampshire
GU31 4DR
Ampella Maintenance Limited
Statement of financial position
as at
31 March 2017
Tangible assets
27,830
8,985
Cash at bank and in hand
74,038
98,853
Creditors: amounts falling due within one year
(184,634)
(190,941)
Net current assets
57,826
53,842
Total assets less current liabilities
85,656
62,827
Creditors: amounts falling due after more than one year
(19,997)
-
Provisions for liabilities
Deferred tax
(5,284)
(1,797)
Called up share capital
201
201
Profit and loss account
60,174
60,829
Shareholders' funds
60,375
61,030
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 December 2017.
A Hawkins
Director
Company Registration No. 07242811
Ampella Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2017
Ampella Maintenance Limited is a private company, limited by shares, registered in England and Wales, registration number 07242811. The registered office is NORFOLK HOUSE, 14 STATION ROAD, LISS, HAMPSHIRE, GU33 7DT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: -
Improvements to Leaseholds - 10% straight line
Office Equipment - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Plant & Equipment - 25% on reducing balance
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme with nest for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ampella Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2016
-
4,897
-
5,094
6,637
16,628
Additions
5,033
695
24,678
-
504
30,910
Disposals
-
-
-
(5,074)
-
(5,074)
At 31 March 2017
5,033
5,592
24,678
20
7,141
42,464
At 1 April 2016
-
2,400
-
1,274
3,969
7,643
Charge for the year
504
798
6,170
-
793
8,265
On disposals
-
-
-
(1,274)
-
(1,274)
At 31 March 2017
504
3,198
6,170
-
4,762
14,634
At 31 March 2017
4,529
2,394
18,508
20
2,379
27,830
At 31 March 2016
-
2,497
-
3,820
2,668
8,985
Trade debtors
102,447
135,823
Amounts due from group undertakings etc.
48,152
-
Other debtors
12,112
6,146
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
3
-
Obligations under finance leases and hire purchase contracts
4,469
-
Trade creditors
106,044
97,208
Taxes and social security
45,074
57,873
Other creditors
9,873
9,815
Loans from directors
1,985
26,045
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
19,997
-
Ampella Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2017
9
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
101 Ordinary A Shares of £1 each
101
101
The company operates a defined contribution pension scheme with NEST, for all directors and employees, The assets of the scheme are held separately from these of the company in an independently administered fund. At the balance sheet date unpaid contribution of £476 (2016-Nil) were due to the fund. They are included in other creditors.
11
Transactions with related parties
During the year the company paid rent of £5,220 (2016 £4750) to Ampella Property Ltd, a company conttrolled by K and J Hawkins, who were directors and shareholders of Ampella Maintenance Ltd up to 31st October 2016.
Ampella Maintenance Ltd purchased goods and services from Ampella Ltd which is wholly owned subsidiary of Ampella Property Ltd. The value of which was £12,439 (2016 £61,881)
Ampella Maintenance Ltd also supplied goods and services to Ampella Ltd to the value of £958 (2016 £24137).
The company is now a wholly owned subsidiary of Ampella Holdings Ltd which is a private company limited by shares and incorporated in England. Its registered office is 1-2 Pendarvis Court, Crossways Road, Grayshott, Hampshire GU26 6HG.
During the year Ampella Maintenance paid rent to Ampella Holdings of £6,535
At the year end the company owed £1,965 to the directors repayable on demand and included in other creditors due within one year.
12
Average number of employees
During the year the average number of employees was 18 (2016: 15).