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REGISTERED NUMBER: 13948349 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 MARCH 2022 TO 31 MARCH 2023

FOR

A & M CONSTRUCTION SW LTD

A & M CONSTRUCTION SW LTD (REGISTERED NUMBER: 13948349)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 MARCH 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & M CONSTRUCTION SW LTD

COMPANY INFORMATION
FOR THE PERIOD 2 MARCH 2022 TO 31 MARCH 2023







DIRECTORS: P J Andrew
L F Milnes





REGISTERED OFFICE: 22 Percuil View
St Mawes
TRURO
Cornwall
TR2 5AU





REGISTERED NUMBER: 13948349 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

A & M CONSTRUCTION SW LTD (REGISTERED NUMBER: 13948349)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 20,864

CURRENT ASSETS
Stocks 250
Debtors 5 30,272
Cash at bank and in hand 39,405
69,927
CREDITORS
Amounts falling due within one year 6 55,096
NET CURRENT ASSETS 14,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,695

CREDITORS
Amounts falling due after more than one year 7 (17,337 )

PROVISIONS FOR LIABILITIES (3,964 )
NET ASSETS 14,394

RESERVES
Retained earnings 14,394
14,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 & M CONSTRUCTION SW LTD (REGISTERED NUMBER: 13948349)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





P J Andrew - Director


A & M CONSTRUCTION SW LTD (REGISTERED NUMBER: 13948349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 MARCH 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

A & M Construction SW Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to hourly rates of staff and contractors and costs of materials, as a proportion of total costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 & M CONSTRUCTION SW LTD (REGISTERED NUMBER: 13948349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 MARCH 2022 TO 31 MARCH 2023

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 27,752
At 31 March 2023 27,752
DEPRECIATION
Charge for period 6,888
At 31 March 2023 6,888
NET BOOK VALUE
At 31 March 2023 20,864

Assets with a carrying value of £20,066 (2022: £nil) are held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 655
Amounts recoverable on contracts 28,974
Other debtors 643
30,272

A & M CONSTRUCTION SW LTD (REGISTERED NUMBER: 13948349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 MARCH 2022 TO 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 4,838
Trade creditors 19,720
Taxation and social security 28,864
Other creditors 1,674
55,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 17,337

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 22,175