REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AESSEAL (MCK) Limited |
|
Financial Statements |
|
For The Year Ended 31 December 2019 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AESSEAL (MCK) Limited |
|
Financial Statements |
|
For The Year Ended 31 December 2019 |
|
|
|
|
|
AESSEAL (MCK) Limited (Registered number: NI017307) |
|
|
|
|
|
|
Contents of the Financial Statements |
For The Year Ended 31 December 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
AESSEAL (MCK) Limited |
|
Company Information |
For The Year Ended 31 December 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Chartered Accountants |
Statutory Auditor |
Unit 6, Acorn Business Park |
Woodseats Close |
Sheffield |
South Yorkshire |
S8 0TB |
AESSEAL (MCK) Limited (Registered number: NI017307) |
|
Balance Sheet |
31 December 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
|
|
|
|
|
|
|
AESSEAL (MCK) Limited (Registered number: NI017307) |
|
Notes to the Financial Statements |
For The Year Ended 31 December 2019 |
|
1. | STATUTORY INFORMATION |
|
AESSEAL (MCK) Limited is a
|
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 |
|
|
The financial statements are presented in sterling which is the functional currency of the company and rounded to |
the nearest £. |
|
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been applied consistently to all years presented unless otherwise stated. |
|
Turnover |
Turnover represents the amount received or receivable for goods and services provided to customers during the |
year, excluding value added tax. |
|
Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation |
|
Depreciation is calculated at rates intended to write off the cost of the fixed assets over the expected useful lives |
of the assets concerned. The principal annual rates are: |
|
Short leasehold property - Equal instalments over the period of the lease |
Plant and equipment - 10% straight line |
Fixtures and fittings - 15% straight line |
Computer equipment - 20% straight line |
|
Stocks |
Stock is stated at the lower of cost and net realisable value. Cost is determined using a first in first out basis and |
includes transport and handling costs. |
|
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. |
AESSEAL (MCK) Limited (Registered number: NI017307) |
|
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2019 |
|
2. | ACCOUNTING POLICIES - continued |
|
Foreign currencies |
Transactions denominated in foreign currencies are translated into sterling using the exchange rate ruling at the |
date of the transaction. Assets and liabilities denominated in foreign currency have been translated into sterling |
at the closing rates. All revaluation differences and realised foreign exchange differences are taken to the profit |
and loss account. |
|
Pension costs and other post-retirement benefits |
The company operates defined contribution pension schemes. The charge in the profit and loss account for |
pension costs is the amount of the company's contributions payable to the pension schemes for the year. |
|
Leasing commitments |
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
|
Investments |
Investments in group undertakings are shown in the accounts at cost less any amounts written off for permanent |
diminution in value. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | AUDITORS' REMUNERATION |
2019 | 2018 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's
financial statements |
4,806 |
5,185 |
|
5. | TANGIBLE FIXED ASSETS |
Short | Plant and |
leasehold | machinery | Totals |
£ | £ | £ |
COST |
At 1 January 2019 |
|
|
|
Additions |
|
|
|
Disposals |
|
( |
) | ( |
) |
At 31 December 2019 |
|
|
|
DEPRECIATION |
At 1 January 2019 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
( |
) | ( |
) |
At 31 December 2019 |
|
|
|
NET BOOK VALUE |
At 31 December 2019 |
|
|
|
At 31 December 2018 |
|
|
|
|
6. | FIXED ASSET INVESTMENTS |
|
The company holds a 1.5% holding in a fellow group company, AESSEAL Colombia S.A., which was acquired |
in 2014 at no cost to the company. |
AESSEAL (MCK) Limited (Registered number: NI017307) |
|
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2019 |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
Prepayments and accrued income |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Accruals and deferred income |
|
|
|
|
|
9. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
10. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary | £1 | 16,000 | 16,000 |
|
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
12. | COMMITMENTS ON BEHALF OF GROUP COMPANIES |
|
Along with the other group undertakings based in the United Kingdom, the company has given security in favour |
of HSBC Bank plc against group borrowings by way of an unlimited multilateral company guarantee to secure all |
liabilities of each other, and a debenture giving fixed and floating charges over assets of the company. At 31 |
December 2019 the overdraft balance in the company was £nil (2018: £nil). The combined net overdraft of the |
companies covered by the guarantee at 31 December 2019 was £nil (2018: £nil). |
|
In the opinion of the directors, no loss will arise in respect of this matter. |
AESSEAL (MCK) Limited (Registered number: NI017307) |
|
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2019 |
|
13. | ULTIMATE PARENT COMPANY |
|
AES Engineering Limited, a company registered in England and Wales, is the company's only parent undertaking |
and ultimate holding company. |
|
Copies of the accounts of AES Engineering Limited can be obtained from the Registered Office at Global |
Technology Centre, Mill Close, Bradmarsh Business Park, Rotherham S60 1BZ, United Kingdom. |