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REGISTERED NUMBER: 14455945 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ASPHALT, BUILDING & CONSTRUCTION LIMITED

ASPHALT, BUILDING & CONSTRUCTION LIMITED (REGISTERED NUMBER: 14455945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPHALT, BUILDING & CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J T Ciaravolo
Ms A Mann





REGISTERED OFFICE: Wiles House
Crestland Business Park
Bull Lane Acton
Sudbury
Suffolk
CO10 0BD





REGISTERED NUMBER: 14455945 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

ASPHALT, BUILDING & CONSTRUCTION LIMITED (REGISTERED NUMBER: 14455945)

BALANCE SHEET
31 OCTOBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 12,750

CURRENT ASSETS
Stocks 5 27,574
Debtors 6 32,723
Cash at bank and in hand 190
60,487
CREDITORS
Amounts falling due within one year 7 130,183
NET CURRENT LIABILITIES (69,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,946

)

CREDITORS
Amounts falling due after more than one
year

8

56,794
NET LIABILITIES (113,740 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (113,840 )
SHAREHOLDERS' FUNDS (113,740 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ASPHALT, BUILDING & CONSTRUCTION LIMITED (REGISTERED NUMBER: 14455945)

BALANCE SHEET - continued
31 OCTOBER 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 11 April 2024 and were signed on its behalf by:





J T Ciaravolo - Director


ASPHALT, BUILDING & CONSTRUCTION LIMITED (REGISTERED NUMBER: 14455945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Asphalt, Building & Construction 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 represents the value of work completed and invoiced during the year and the closing balances regarding work in progress, retentions and trade debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% on reducing balance
Plant and machinery - 25% on reducing balance

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

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


ASPHALT, BUILDING & CONSTRUCTION LIMITED (REGISTERED NUMBER: 14455945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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.

Going concern
The accounts have been prepared on the going concern basis, the validity of which is dependant upon the continued support of the directors. The directors have confirmed their support for a period of at least twelve months from the date of signing the financial statements. The going concern basis is therefore considered appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
Totals machinery vehicles
£    £    £   
COST
Additions 17,000 4,000 13,000
At 31 October 2023 17,000 4,000 13,000
DEPRECIATION
Charge for year 4,250 1,000 3,250
At 31 October 2023 4,250 1,000 3,250
NET BOOK VALUE
At 31 October 2023 12,750 3,000 9,750

5. STOCKS
£   
Stocks 27,574

ASPHALT, BUILDING & CONSTRUCTION LIMITED (REGISTERED NUMBER: 14455945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 15,439
Other debtors 17,284
32,723

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 9,782
Trade creditors 26,802
Taxation and social security 30,163
Other creditors 63,436
130,183

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Other creditors 56,794