Registered number
05449854
A S BUILDING CONTRACTORS LTD
Accounts
For the year ended 31 March 2023
A S BUILDING CONTRACTORS LTD
Registered number: 05449854
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 121,846 24,363
Investments 4 449,595 450,891
571,441 475,254
Current assets
Debtors 5 142,126 191,055
Cash at bank and in hand 1,492,454 1,358,150
1,634,580 1,549,205
Creditors: amounts falling due within one year 6 (158,382) (161,438)
Net current assets 1,476,198 1,387,767
Total assets less current liabilities 2,047,639 1,863,021
Provisions for liabilities (20,429) (1,733)
Net assets 2,027,210 1,861,288
Capital and reserves
Called up share capital 10 10
Profit and loss account 2,027,200 1,861,278
Shareholders' funds 2,027,210 1,861,288
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Sweet
Director
Approved by the board on 17 October 2023
A S BUILDING CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the rendering of services and supplies.
Tangible fixed assets
Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives.
Plant and equipment 20% reducing balance basis
Motor vehicles 25% reducing balance basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees and Directors 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2022 8,003 53,248 61,251
Additions - 148,940 148,940
Disposals - (26,000) (26,000)
At 31 March 2023 8,003 176,188 184,191
Depreciation
At 1 April 2022 6,091 30,797 36,888
Charge for the year 382 40,106 40,488
On disposals - (15,031) (15,031)
At 31 March 2023 6,473 55,872 62,345
Net book value
At 31 March 2023 1,530 120,316 121,846
At 31 March 2022 1,912 22,451 24,363
4 Investments
Listed
investments
£
Cost
At 1 April 2022 450,891
Additions (1,296)
At 31 March 2023 449,595
5 Debtors 2023 2022
£ £
Trade debtors 124,066 180,651
Other debtors 18,060 10,404
142,126 191,055
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,809 26,449
Taxation and social security costs 63,735 87,062
Other creditors 88,838 47,927
158,382 161,438
7 Other information
A S BUILDING CONTRACTORS LTD is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Portway House
Stream Road
Kingswinford
West Midlands
DY6 9NT
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