AB CONSTRUCTION (UK) LTD

Company Registration Number:
09338175 (England and Wales)

Unaudited statutory accounts for the year ended 30 December 2022

Period of accounts

Start date: 31 December 2021

End date: 30 December 2022

AB CONSTRUCTION (UK) LTD

Contents of the Financial Statements

for the Period Ended 30 December 2022

Directors report
Balance sheet
Additional notes
Balance sheet notes

AB CONSTRUCTION (UK) LTD

Directors' report period ended 30 December 2022

The directors present their report with the financial statements of the company for the period ended 30 December 2022

Principal activities of the company

The principal activity of the company is that of general building contractors.

Additional information

The report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
31 December 2021 to 30 December 2022

Avkash Halai
Bhavin Halai


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 March 2024

And signed on behalf of the board by:
Name: Avkash Halai
Status: Director

AB CONSTRUCTION (UK) LTD

Balance sheet

As at 30 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 24,149 36,223
Total fixed assets: 24,149 36,223
Current assets
Debtors: 4 314,000 314,000
Cash at bank and in hand: 31,200 174,546
Total current assets: 345,200 488,546
Prepayments and accrued income: 97,500
Creditors: amounts falling due within one year: 5 ( 118,797 ) ( 146,949 )
Net current assets (liabilities): 323,903 341,597
Total assets less current liabilities: 348,052 377,820
Creditors: amounts falling due after more than one year: 6 ( 32,196 )
Total net assets (liabilities): 348,052 345,624
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 348,050 345,622
Total Shareholders' funds: 348,052 345,624

The notes form part of these financial statements

AB CONSTRUCTION (UK) LTD

Balance sheet statements

For the year ending 30 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 March 2024
and signed on behalf of the board by:

Name: Avkash Halai
Status: Director

The notes form part of these financial statements

AB CONSTRUCTION (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated in the balance sheet at cost, less and subsequent accumulated depreciation and subsequent accumulated impairment loss.Depreciation is charged so as to write off the cost of the assets over their estimated useful lives as follows:Office equipment is depreciated on a straight line basis over 3 yearsMotor vehicles is depreciated on a 25% reducing balance basis.

    Other accounting policies

    Cash and cash equivalents comprise cash on hand and call deposits. Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

AB CONSTRUCTION (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 2

AB CONSTRUCTION (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 December 2021 2,490 48,297 50,787
Additions
Disposals
Revaluations
Transfers
At 30 December 2022 2,490 48,297 50,787
Depreciation
At 31 December 2021 2,490 12,074 14,564
Charge for year 12,074 12,074
On disposals
Other adjustments
At 30 December 2022 2,490 24,148 26,638
Net book value
At 30 December 2022 0 24,149 24,149
At 30 December 2021 0 36,223 36,223

AB CONSTRUCTION (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

4. Debtors

2022 2021
£ £
Other debtors 314,000 314,000
Total 314,000 314,000

AB CONSTRUCTION (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 32,481 11,274
Taxation and social security 63,872 103,499
Accruals and deferred income 5,154 5,154
Other creditors 17,290 27,022
Total 118,797 146,949

AB CONSTRUCTION (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

6. Creditors: amounts falling due after more than one year note

  2021
  £
Bank loans and overdrafts 32,196
Total   32,196