Concrete Lay Ltd
Filleted Accounts
for the year ended 30 June 2023
Company Registration No: 10807317
AAK Accounting Services Ltd
Battle House
1 East Barnet Road
Hertfordshire
EN4 8RR
Concrete Lay Ltd
Registered number: 10807317
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 109,122 93,113
Current assets
Debtors 4 248,497 713,985
Cash at bank and in hand 1,040,669 112,096
1,289,166 826,081
Creditors: amounts falling due within one year 5 (553,506) (417,876)
Net current assets 735,660 408,205
Total assets less current liabilities 844,782 501,318
Creditors: amounts falling due after more than one year 6 (24,940) (42,781)
Provisions for liabilities (3,426) (3,426)
Net assets 816,416 455,111
Capital and reserves
Called up share capital 1 1
Profit and loss account 816,415 455,110
Shareholders' funds 816,416 455,111
The directors are 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 directors acknowledge their 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.
Makhan Singh
Director
Approved by the board on 31 October 2023
Concrete Lay Ltd
Notes to the Accounts
for the year ended 30 June 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.
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:
Furniture,fixture & equipment etc 20% reducing balance
Motor vehicles 20% reducing balance
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 23 5
3 Tangible fixed assets
Furniture,fixture & equipment etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 3,584 127,086 130,670
Additions - 43,289 43,289
At 30 June 2023 3,584 170,375 173,959
Depreciation
At 1 July 2022 2,033 35,524 37,557
Charge for the year 310 26,970 27,280
At 30 June 2023 2,343 62,494 64,837
Net book value
At 30 June 2023 1,241 107,881 109,122
At 30 June 2022 1,551 91,562 93,113
4 Debtors 2023 2022
£ £
Trade debtors 246,926 705,525
Other debtors 1,571 8,460
248,497 713,985
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 17,841 33,962
Trade creditors 394,469 243,154
Taxation and social security costs 119,149 98,685
Other creditors 22,047 42,075
553,506 417,876
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 24,940 42,781
7 Other information
Concrete Lay Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Regal Court
42-44 High Street
Slough
Berkshire
SL1 1EL
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