Company Registration No. 09093962 (England and Wales)
Agriculture Machinery Cleaning Ltd
Unaudited accounts
for the year ended 30 June 2020
Agriculture Machinery Cleaning Ltd
Unaudited accounts
Contents
Agriculture Machinery Cleaning Ltd
Company Information
for the year ended 30 June 2020
Directors
Miss Evija Abelite
Mr Peter Hrano
Company Number
09093962 (England and Wales)
Registered Office
60 Rotterdam Road
Hull
East Yorkshire
HU7 0XD
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Agriculture Machinery Cleaning Ltd
Statement of financial position
as at
30 June 2020
Tangible assets
403,016
329,174
Cash at bank and in hand
179,948
103,652
Creditors: amounts falling due within one year
(124,804)
(161,824)
Net current assets
175,993
73,092
Total assets less current liabilities
579,009
402,266
Creditors: amounts falling due after more than one year
(435,037)
(268,272)
Net assets
143,972
133,994
Called up share capital
100
100
Profit and loss account
143,872
133,894
Shareholders' funds
143,972
133,994
For the year ending 30 June 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2020 and were signed on its behalf by
Mr Peter Hrano
Director
Company Registration No. 09093962
Agriculture Machinery Cleaning Ltd
Notes to the Accounts
for the year ended 30 June 2020
Agriculture Machinery Cleaning Ltd is a private company, limited by shares, registered in England and Wales, registration number 09093962. The registered office is 60 Rotterdam Road, Hull , East Yorkshire , HU7 0XD .
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% cost
Fixtures & fittings
25% wdv
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Agriculture Machinery Cleaning Ltd
Notes to the Accounts
for the year ended 30 June 2020
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 July 2019
269,500
22,396
60,231
-
3,200
355,327
Additions
-
80,393
-
15,557
113
96,063
At 30 June 2020
269,500
102,789
60,231
15,557
3,313
451,390
At 1 July 2019
-
8,506
16,847
-
800
26,153
Charge for the year
-
12,224
8,677
692
628
22,221
At 30 June 2020
-
20,730
25,524
692
1,428
48,374
At 30 June 2020
269,500
82,059
34,707
14,865
1,885
403,016
At 30 June 2019
269,500
13,890
43,384
-
2,400
329,174
Trade debtors
94,787
129,943
Accrued income and prepayments
5,250
1,321
Total debtors less than one year
104,849
131,264
Total debtors
104,849
131,264
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
61,487
122,675
Obligations under finance leases and hire purchase contracts
2,868
7,387
Trade creditors
12,834
11,440
Taxes and social security
33,207
13,026
Loans from directors
14,283
6,571
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
413,613
242,597
Obligations under finance leases and hire purchase contracts
21,424
25,675
Agriculture Machinery Cleaning Ltd
Notes to the Accounts
for the year ended 30 June 2020
8
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 21 (2019: 39).