Aegis Building Contractors Ltd 04768903 false 2021-06-01 2022-05-31 2022-05-31 The principal activity of the company is that of the provision of building and construction services. Digita Accounts Production Advanced 6.30.9574.0 true 04768903 2021-06-01 2022-05-31 04768903 2022-05-31 04768903 bus:OrdinaryShareClass1 2022-05-31 04768903 core:CurrentFinancialInstruments 2022-05-31 04768903 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 04768903 core:MotorVehicles 2022-05-31 04768903 core:OfficeEquipment 2022-05-31 04768903 core:PlantMachinery 2022-05-31 04768903 bus:SmallEntities 2021-06-01 2022-05-31 04768903 bus:AuditExemptWithAccountantsReport 2021-06-01 2022-05-31 04768903 bus:FullAccounts 2021-06-01 2022-05-31 04768903 bus:SmallCompaniesRegimeForAccounts 2021-06-01 2022-05-31 04768903 bus:RegisteredOffice 2021-06-01 2022-05-31 04768903 bus:CompanySecretary1 2021-06-01 2022-05-31 04768903 bus:Director1 2021-06-01 2022-05-31 04768903 bus:Director2 2021-06-01 2022-05-31 04768903 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 04768903 bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 04768903 bus:Agent1 2021-06-01 2022-05-31 04768903 core:MotorVehicles 2021-06-01 2022-05-31 04768903 core:OfficeEquipment 2021-06-01 2022-05-31 04768903 core:PlantMachinery 2021-06-01 2022-05-31 04768903 countries:AllCountries 2021-06-01 2022-05-31 04768903 2021-05-31 04768903 core:MotorVehicles 2021-05-31 04768903 core:OfficeEquipment 2021-05-31 04768903 core:PlantMachinery 2021-05-31 04768903 2020-06-01 2021-05-31 04768903 2021-05-31 04768903 bus:OrdinaryShareClass1 2021-05-31 04768903 core:CurrentFinancialInstruments 2021-05-31 04768903 core:CurrentFinancialInstruments core:WithinOneYear 2021-05-31 04768903 core:MotorVehicles 2021-05-31 04768903 core:OfficeEquipment 2021-05-31 04768903 core:PlantMachinery 2021-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04768903

Aegis Building Contractors Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2022

 

Aegis Building Contractors Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Aegis Building Contractors Ltd

Company Information

Directors

Mr K Carson

Mr G Wheatley

Company secretary

Miss C C Gilham

Registered office

Unit 12
Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

Accountants

Fuller & Roper Limited
Chartered Accountants
Unit 12 Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Aegis Building Contractors Ltd
for the Year Ended 31 May 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aegis Building Contractors Ltd for the year ended 31 May 2022 as set out on pages 3 to 9 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Aegis Building Contractors Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Aegis Building Contractors Ltd and state those matters that we have agreed to state to the Board of Directors of Aegis Building Contractors Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aegis Building Contractors Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Aegis Building Contractors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aegis Building Contractors Ltd. You consider that Aegis Building Contractors Ltd 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 accounts of Aegis Building Contractors Ltd. 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 accounts.

......................................

Fuller & Roper Limited
Chartered Accountants
Unit 12 Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

18 August 2022

 

Aegis Building Contractors Ltd

(Registration number: 04768903)
Balance Sheet as at 31 May 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

13,240

16,622

Current assets

 

Stocks

5

13,690

10,000

Debtors

6

-

1,608

Cash at bank and in hand

 

2,605

5,973

 

16,295

17,581

Creditors: Amounts falling due within one year

7

(27,818)

(33,205)

Net current liabilities

 

(11,523)

(15,624)

Net assets

 

1,717

998

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,715

996

Shareholders' funds

 

1,717

998

For the financial year ending 31 May 2022 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 August 2022 and signed on its behalf by:
 

 

Aegis Building Contractors Ltd

(Registration number: 04768903)
Balance Sheet as at 31 May 2022

.........................................
Mr G Wheatley
Director

 

Aegis Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

1

General information

Aegis Building Contractors Ltd is a private company, limited by shares, domiciled in England and Wales. The company’s registration number is 04768903. The registered office is Unit 12 Old Mills Industrial Estate, Paulton, Bristol, BS39 7SU.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aegis Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office equipment

25% reducing balance

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Aegis Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

 

Aegis Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2021

4,166

2,083

43,560

49,809

At 31 May 2022

4,166

2,083

43,560

49,809

Depreciation

At 1 June 2021

4,043

1,069

28,075

33,187

Charge for the year

31

254

3,097

3,382

At 31 May 2022

4,074

1,323

31,172

36,569

Carrying amount

At 31 May 2022

92

760

12,388

13,240

At 31 May 2021

123

1,014

15,485

16,622

5

Stocks

2022
£

2021
£

Work in progress

13,690

10,000

6

Debtors

Current

2022
£

2021
£

Trade debtors

-

108

Other debtors

-

1,500

 

-

1,608

 

Aegis Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

trade creditors

777

5,186

Taxation and social security

14,053

12,080

Accruals and deferred income

2,590

2,435

Other creditors

10,398

13,504

27,818

33,205

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

9

Related party transactions

Included within other creditors is a loan of £7,073 (2021 - £5,360) from Mr G Wheatley, a director of the company. This loan is unsecured, interest free and repayable on demand.