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REGISTERED NUMBER: 05378417 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

A.B.D. BUILDERS LIMITED

A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 9


A.B.D. BUILDERS LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2022







DIRECTOR: Mr L Fredson



SECRETARY: Mr L Fredson



REGISTERED OFFICE: Unit 16 St Michaels Industrial Estate
Widnes
Cheshire
WA8 8TL



REGISTERED NUMBER: 05378417 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: NatWest Bank Plc
Hillfoot Road
Hunt's Cross
Liverpool
Merseyside
L25 0NF

A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

REPORT OF THE DIRECTOR
for the Year Ended 28 February 2022

The director presents his report with the financial statements of the company for the year ended 28 February 2022.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of building contractors.

DIRECTOR
Mr L Fredson held office during the whole of the period from 1 March 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr L Fredson - Director


13 September 2022

A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

BALANCE SHEET
28 February 2022

28.2.22 28.2.21
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,349 36,799
37,349 36,799

CURRENT ASSETS
Stocks 6 37,206 34,578
Debtors 7 88,133 70,598
Cash at bank 111,035 44,595
236,374 149,771
CREDITORS
Amounts falling due within one year 8 (188,730 ) (115,852 )
NET CURRENT ASSETS 47,644 33,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,993

70,718

CREDITORS
Amounts falling due after more than one
year

9

(49,422

)

(62,621

)

PROVISIONS FOR LIABILITIES (6,698 ) (6,463 )
NET ASSETS 28,873 1,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,773 1,534
SHAREHOLDERS' FUNDS 28,873 1,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

BALANCE SHEET - continued
28 February 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





Mr L Fredson - Director


A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

A.B.D. Builders Limited is a private company, limited by shares , registered in England and Wales. The 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 33% on reducing balance

Government grants
During the period the company benefited from government grants in the form of the Coronavirus Job Retention Scheme. In accordance with our accounting policy this credit is included in other income within the Income Statement over the same period as the staff costs for which it compensates.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2021
and 28 February 2022 8,000
AMORTISATION
At 1 March 2021
and 28 February 2022 8,000
NET BOOK VALUE
At 28 February 2022 -
At 28 February 2021 -

A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2021 5,714 12,295 101,611 119,620
Additions - - 15,450 15,450
Disposals - - (15,291 ) (15,291 )
At 28 February 2022 5,714 12,295 101,770 119,779
DEPRECIATION
At 1 March 2021 4,754 11,252 66,815 82,821
Charge for year 317 234 14,088 14,639
Eliminated on disposal - - (15,030 ) (15,030 )
At 28 February 2022 5,071 11,486 65,873 82,430
NET BOOK VALUE
At 28 February 2022 643 809 35,897 37,349
At 28 February 2021 960 1,043 34,796 36,799

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2021 59,270
Additions 15,450
At 28 February 2022 74,720
DEPRECIATION
At 1 March 2021 29,329
Charge for year 12,487
At 28 February 2022 41,816
NET BOOK VALUE
At 28 February 2022 32,904
At 28 February 2021 29,941

6. STOCKS
28.2.22 28.2.21
£    £   
Work-in-progress 37,206 34,578

A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 83,851 50,247
Other debtors 4,282 20,351
88,133 70,598

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts 13,892 14,293
Hire purchase contracts (see note 10) 9,666 8,867
Trade creditors 101,271 76,413
Taxation and social security 60,225 10,082
Other creditors 3,676 6,197
188,730 115,852

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.22 28.2.21
£    £   
Bank loans 25,143 40,000
Hire purchase contracts (see note 10) 24,279 22,621
49,422 62,621

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

28.2.22 28.2.21
£    £   
Net obligations repayable:
Within one year 9,666 8,867
Between one and five years 24,279 22,621
33,945 31,488

11. SECURED DEBTS

The following secured debts are included within creditors:

28.2.22 28.2.21
£    £   
Hire purchase contracts 33,945 31,488

A.B.D. BUILDERS LIMITED (REGISTERED NUMBER: 05378417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021:

28.2.22 28.2.21
£    £   
Mr L Fredson
Balance outstanding at start of year 9,972 6,500
Amounts advanced - 3,472
Amounts repaid (6,098 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,874 9,972

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L Fredson.