Registered number
12518432
AS Construction Group Ltd
Filleted Accounts
31 March 2023
AS Construction Group Ltd
Registered number: 12518432
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 32,599 25,249
Current assets
Debtors 4 4,208 100
Cash at bank and in hand 210,238 85,879
214,446 85,979
Creditors: amounts falling due within one year 5 (104,576) (33,088)
Net current assets 109,870 52,891
Net assets 142,469 78,140
Capital and reserves
Called up share capital 100 100
Profit and loss account 142,369 78,040
Shareholder's funds 142,469 78,140
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 her 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.
Amrit Singh
Director
Approved by the board on 20 November 2023
AS Construction Group 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 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:
Motor Vehicles 20% Reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2022 36,151
Additions 15,500
At 31 March 2023 51,651
Depreciation
At 1 April 2022 10,902
Charge for the year 8,150
At 31 March 2023 19,052
Net book value
At 31 March 2023 32,599
At 31 March 2022 25,249
4 Debtors 2023 2022
£ £
Other debtors 4,208 100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director loan 24,062 189
Taxation and social security costs 48,790 27,503
Other creditors 31,724 5,396
104,576 33,088
6 Other information
AS Construction Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 6, Lizafiled Court
Holly Lane
Smethwich
West Miidlands
B66 1QL
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