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REGISTERED NUMBER: 04677191 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

A1 Concrete Products (Cymru) Limited

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A1 Concrete Products (Cymru) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S G James
E L T James





SECRETARY: S G James





REGISTERED OFFICE: Lluest
Bronwydd
Carmarthen
Carmarthenshire
SA33 6JA





REGISTERED NUMBER: 04677191 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 352,366 378,311

CURRENT ASSETS
Stocks 173,520 142,700
Debtors 5 92,338 93,956
Cash at bank 28,887 40,253
294,745 276,909
CREDITORS
Amounts falling due within one year 6 104,210 129,797
NET CURRENT ASSETS 190,535 147,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,901

525,423

CREDITORS
Amounts falling due after more than one
year

7

(74,983

)

(112,502

)

PROVISIONS FOR LIABILITIES (66,950 ) (56,641 )
NET ASSETS 400,968 356,280

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 400,966 356,278
400,968 356,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Balance Sheet - continued
28 February 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:





S G James - Director


A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

A1 Concrete Products (Cymru) 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.

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.

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

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 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.

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.

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 634,527
Additions 40,678
At 28 February 2023 675,205
DEPRECIATION
At 1 March 2022 256,216
Charge for year 66,623
At 28 February 2023 322,839
NET BOOK VALUE
At 28 February 2023 352,366
At 28 February 2022 378,311

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 257,500
Additions 9,544
Transfer to ownership (28,000 )
At 28 February 2023 239,044
DEPRECIATION
At 1 March 2022 78,413
Charge for year 47,601
Transfer to ownership (14,000 )
At 28 February 2023 112,014
NET BOOK VALUE
At 28 February 2023 127,030
At 28 February 2022 179,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 90,478 79,633
Other debtors 1,860 14,323
92,338 93,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 30,000 45,442
Trade creditors 26,143 40,295
Taxation and social security 32,681 7,872
Other creditors 15,386 36,188
104,210 129,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 52,083 80,002
Other creditors 22,900 32,500
74,983 112,502

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
E L T James and S G James
Balance outstanding at start of year (14,019 ) (109 )
Amounts advanced 11,872 110
Amounts repaid - (14,020 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,147 ) (14,019 )