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Registration number: 11468203

A. P Utility Services & Groundworks Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

A. P Utility Services & Groundworks Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 10

 

A. P Utility Services & Groundworks Limited

Company Information

Directors

Mr Ben Ashley

Mrs Kerri Ashley

Registered office

73 Creswicke Road
Knowle
Bristol
BS4 1UD

Accountants

Delphi Accounting Ltd
Chartered Tax Adviser
Unit M6
Frome Business Park
Manor Road
Frome
Somerset
BA11 4FN

 

A. P Utility Services & Groundworks Limited

(Registration number: 11468203)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

98,883

106,029

Current assets

 

Debtors

5

164,214

260,251

Cash at bank and in hand

 

58,897

24,435

 

223,111

284,686

Creditors: Amounts falling due within one year

6

(106,254)

(92,583)

Net current assets

 

116,857

192,103

Total assets less current liabilities

 

215,740

298,132

Creditors: Amounts falling due after more than one year

6

(11,385)

(11,035)

Provisions for liabilities

(18,788)

(20,146)

Net assets

 

185,567

266,951

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

185,467

266,851

Shareholders' funds

 

185,567

266,951

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2024 and signed on its behalf by:
 

.........................................
Mr Ben Ashley
Director

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
73 Creswicke Road
Knowle
Bristol
BS4 1UD

These financial statements were authorised for issue by the Board on 14 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

98,165

97,843

196,008

Additions

26,002

-

26,002

At 31 July 2023

124,167

97,843

222,010

Depreciation

At 1 August 2022

48,635

41,344

89,979

Charge for the year

19,023

14,125

33,148

At 31 July 2023

67,658

55,469

123,127

Carrying amount

At 31 July 2023

56,509

42,374

98,883

At 31 July 2022

49,530

56,499

106,029

5

Debtors

Current

2023
£

2022
£

Trade debtors

96,970

97,333

Other debtors

67,244

162,918

 

164,214

260,251

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

9,101

2,826

Trade creditors

 

2,607

10,356

Taxation and social security

 

7,231

43,084

Accruals and deferred income

 

1,500

1,500

Other creditors

 

85,815

34,817

 

106,254

92,583

Creditors: amounts falling due after more than one year

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

11,385

11,035

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

45

45

45

45

Ordinary Shares of £1 each

45

45

45

45

Ordinary Shares of £1 each

10

10

10

10

100

100

100

100

 

A. P Utility Services & Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

-

4,444

Hire purchase contracts

9,385

-

Finance lease liabilities

-

2,591

Other borrowings

2,000

4,000

11,385

11,035

Current loans and borrowings

2023
£

2022
£

Hire purchase contracts

8,727

2,826

Finance lease liabilities

374

-

9,101

2,826

9

Dividends

Final dividends paid

2023
£

2022
£

Final dividend of Nil per each NewRow_0

-

-

 

 

Interim dividends paid

2023
£

2022
£

Interim dividend of £837.77 (2022 - £831.11) per each Ordinary Shares

37,700

37,400

Interim dividend of £837.77 (2022 - £831.11) per each Ordinary Shares

37,700

37,400

Interim dividend of £2,914.00 (2022 - £1,450.00) per each Ordinary Shares

29,140

14,500

104,540

89,300