ABM Building Services Limited |
Registered number: |
04457982 |
Balance Sheet |
as at 31 July 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
38,720 |
|
|
45,484 |
|
Current assets |
Work in progress |
|
|
44,834 |
|
|
34,250 |
Debtors |
4 |
|
64,317 |
|
|
116,175 |
Cash at bank and in hand |
|
|
114,753 |
|
|
35,767 |
|
|
|
223,904 |
|
|
186,192 |
|
Creditors: amounts falling due within one year |
5 |
|
(158,005) |
|
|
(110,407) |
|
Net current assets |
|
|
|
65,899 |
|
|
75,785 |
|
Total assets less current liabilities |
|
|
|
104,619 |
|
|
121,269 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(58,500) |
|
|
(69,500) |
|
|
|
Net assets |
|
|
|
46,119 |
|
|
51,769 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
46,019 |
|
|
51,669 |
|
Shareholders' funds |
|
|
|
46,119 |
|
|
51,769 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
C Gadd |
Director |
Approved by the board on 3 April 2024 |
|
ABM Building Services Limited |
Notes to the Accounts |
for the year ended 31 July 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 (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 vat. Turnover includes revenue earned from the sale of goods and rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership 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 is measured by comparing costs incurred to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost, less residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
Motor vehicles |
over 4 years |
|
|
Stock and work in progress |
|
Stock and work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. The cost of carrying work in progress and stock is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (usually the invoice price), less any losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest method, less any impairment for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (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 a previous period. Deferred tax is recognised in respect of 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 by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 August 2022 |
14,179 |
|
51,248 |
|
65,427 |
|
Additions |
12,350 |
|
- |
|
12,350 |
|
Disposals |
(1,331) |
|
- |
|
(1,331) |
|
At 31 July 2023 |
25,198 |
|
51,248 |
|
76,446 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2022 |
7,131 |
|
12,812 |
|
19,943 |
|
Charge for the year |
6,302 |
|
12,812 |
|
19,114 |
|
On disposals |
(1,331) |
|
- |
|
(1,331) |
|
At 31 July 2023 |
12,102 |
|
25,624 |
|
37,726 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2023 |
13,096 |
|
25,624 |
|
38,720 |
|
At 31 July 2022 |
7,048 |
|
38,436 |
|
45,484 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
50,375 |
|
100,752 |
|
Other debtors |
13,942 |
|
15,423 |
|
|
|
|
|
|
64,317 |
|
116,175 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
12,218 |
|
12,248 |
|
Trade creditors |
87,849 |
|
65,374 |
|
Taxation and social security costs |
18,055 |
|
2,111 |
|
Other creditors |
39,883 |
|
30,674 |
|
|
|
|
|
|
158,005 |
|
110,407 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts owed to group undertakings in which the company has a participating interest |
|
58,500 |
|
69,500 |
|
|
|
|
|
|
|
|
|
|
7 |
Controlling party |
|
|
The company is wholly owned by ABM BUILD Ltd, a company under the control of Mrs & Mrs Gadd, the directors and majority shareholders. |
|
|
8 |
Other information |
|
|
ABM Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Liston House |
|
Faygate Lane |
|
Horsham |
|
RH12 4SJ |