Registered number
11148764
A H Paving Limited
Filleted Accounts
31 January 2023
A H Paving Limited
Registered number: 11148764
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,419 44,446
Current assets
Debtors 4 183,310 65,251
Cash at bank and in hand 116,266 84,498
299,576 149,749
Creditors: amounts falling due within one year 5 (102,598) (29,601)
Net current assets 196,978 120,148
Total assets less current liabilities 224,397 164,594
Creditors: amounts falling due after more than one year 6 (33,333) (43,333)
Net assets 191,064 121,261
Capital and reserves
Called up share capital 100 100
Profit and loss account 190,964 121,161
Shareholder's funds 191,064 121,261
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 member has 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.
Mr A Hutchinson
Director
Approved by the board on 17 October 2023
A H Paving Limited
Notes to the Accounts
for the year ended 31 January 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 taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Office equipment 20% straight line
Motor vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and Machinery Office Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 4,932 1,593 55,996 62,521
Additions 274 - - 274
Disposals - - (7,000) (7,000)
At 31 January 2023 5,206 1,593 48,996 55,795
Depreciation
At 1 February 2022 995 644 16,436 18,075
Charge for the year 1,233 319 13,999 15,551
On disposals - - (5,250) (5,250)
At 31 January 2023 2,228 963 25,185 28,376
Net book value
At 31 January 2023 2,978 630 23,811 27,419
At 31 January 2022 3,937 949 39,560 44,446
4 Debtors 2023 2022
£ £
Trade debtors 165,255 59,849
CIS debtor 4,002 3,470
Other debtors 14,053 1,932
183,310 65,251
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 57,782 12,490
Accruals 1,100 1,000
Corporation tax 34,657 15,751
Other creditors 9,059 360
102,598 29,601
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,333 43,333
7 Events after the reporting date
There are no known events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
8 Contingent liabilities
There are no known contingent liabilities which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
9 Related party transactions
Total dividends of £61,000 were paid during the year to the shareholders of the company. As at the year end the company owed £17 to the shareholders of the company. The loan is interest free with no fixed date for repayment.
10 Controlling party
The company is under the control of Mr Hutchinson, being director and shareholder of the company.
11 Other information
A H Paving Limited is a private company limited by shares and incorporated in England. Its registered office is:
Old Dairy Farm Craft Centre
Main Street, Upper Stowe
Northampton
Northamptonshire
NN7 4SH
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