Company Registration No. 12443746 (England and Wales)
ATS Construction Limited
Unaudited accounts
for the year ended 28 February 2023
ATS Construction Limited
Unaudited accounts
Contents
ATS Construction Limited
Company Information
for the year ended 28 February 2023
Directors
Adam James Mainwaring
Steven Ray Norman
Trevor William Robinson
Company Number
12443746 (England and Wales)
Registered Office
10 Duncan Road
Alsager
Stoke-on-Trent
Staffordshire
ST7 2FG
GBR
Accountants
James Accountancy Services Ltd
3 Waterloo Grove
Kidsgrove
Stoke-on-Trent
Staffordshire
ST7 4SY
ATS Construction Limited
Statement of financial position
as at 28 February 2023
Tangible assets
25,690
13,260
Cash at bank and in hand
148,518
89,317
Creditors: amounts falling due within one year
(93,706)
(62,150)
Net current assets
117,791
56,080
Total assets less current liabilities
143,481
69,340
Provisions for liabilities
Deferred tax
(4,881)
(2,519)
Called up share capital
120
120
Profit and loss account
138,480
66,701
Shareholders' funds
138,600
66,821
For the year ending 28 February 2023 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 18 August 2023 and were signed on its behalf by
Adam James Mainwaring
Director
Company Registration No. 12443746
ATS Construction Limited
Notes to the Accounts
for the year ended 28 February 2023
ATS Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 12443746. The registered office is 10 Duncan Road, Alsager, Stoke-on-Trent, Staffordshire, ST7 2FG, GBR.
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.
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.
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
20% reducing balance method.
Motor vehicles
20% reducing balance method.
Computer equipment
20% reducing balance method.
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 completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
ATS Construction Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
1,515
16,450
708
18,673
Additions
1,328
19,500
415
21,243
Disposals
-
(8,000)
-
(8,000)
At 28 February 2023
2,843
27,950
1,123
31,916
At 1 March 2022
555
4,600
258
5,413
Charge for the year
328
2,600
135
3,063
On disposals
-
(2,250)
-
(2,250)
At 28 February 2023
883
4,950
393
6,226
At 28 February 2023
1,960
23,000
730
25,690
At 28 February 2022
960
11,850
450
13,260
Amounts falling due within one year
Trade debtors
52,948
22,249
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
21,755
4,896
Taxes and social security
70,932
46,367
Loans from directors
269
10,287
7
Deferred taxation
2023
2022
Accelerated capital allowances
4,881
2,519
Provision at start of year
2,519
3,154
Charged/(credited) to the profit and loss account
2,362
(635)
Provision at end of year
4,881
2,519
ATS Construction Limited
Notes to the Accounts
for the year ended 28 February 2023
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120
120
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).