Registered number:
FOR THE YEAR ENDED 31 OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
CONTENTS
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ACS CONSTRUCTION GROUP LTD.
COMPANY INFORMATION
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ACS CONSTRUCTION GROUP LTD.
STRATEGIC REPORT
FOR THE YEAR ENDED 31ST OCTOBER 2023
Established in 2000 ACS Construction Group Limited provide the full construction solution through five dedicated business divisions. We primarily work with clients as their principal contractor proving services to several business sectors including the commercial/industrial, government, utilities/infrastructure, leisure, energy and renewable energy sectors. We have successfully completed construction projects across the UK within diverse and complex environments for the public and private sector.
As a business we have experienced a very good set of results despite the challenging trading economic conditions. Our operating performance is successful because we maintain the ability to deliver safely on time and to budget. We feel that our performance for the forth coming financial year should be satisfactory and in line with previous years, consolidating our turnover at circa 30M through the diversity of our business profile, markets and our financial strength. Our strategy to concentrate on our key profitable markets resulted in achieving operating profit of circa £1.4M (2022 - £1M) demonstrating year on year consolidated performance and this is reflected in our net balance of £3.91M (2022 - £3.68M).
The main areas of operation are nationwide mainly due to energy/power division secured frameworks supported by repeat works on behalf of our private selected clients. Our presence in this marketplace continues to grow and attract new clients for the year 2023/24.
Our Midlands division is well established, delivering repeat negotiated contracts and partnering with key land developers on various sites across Birmingham, Wales and Oxford. Recently secured extension phases are now underway.
We continue to deliver on new projects for both new and existing clients throughout the year. The current secured workload is testament to our drive and purpose, which is to break boundaries and build excellence, raising the bar in construction standards.
Our order book and expected works is circa £39M, indicating the continued trends will be satisfactory for the year 2023-24 and through to the end of 2025.
The group continues to invest in its people, through both on the job training and through more formal external training programmes in order to ensure staff have the appropriate skills to deliver the expected level of excellence to customers. 100% of our site staff and operatives now hold Construction Skills Certificate scheme cards and similarly the company achieved 100% in our recent UVDB Audit across CSR, environmental H&S and quality underpinning our shared ethos to build excellence both internally with our people and externally on all client projects.
Recognised by the Investors in People North of England team, we retained our Gold status award for another three-year cycle (May 2022).
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ACS CONSTRUCTION GROUP LTD.
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31ST OCTOBER 2023
The main objective for 2023/4 is to continue to target profitable contracts without increasing the risk profile of the projects undertaken. The Business continues to develop its current internal policies and procedures including those for Health & Safety, and the environment. A fundamental requirement priority of the directors is to provide a safe working environment for all employees and subcontractors, especially given the effects of the Covid 19 pandemic.
Through the management of integrated value chains, the group is able to combine the ability to meet increasing market demands and challenges to deliver projects effectively and efficiently in line with client requirements with the objective of delivering growth to the business. The main impactors on our business remain the same, being the uncertainties of the general global economic outlook on the industry, any lingering legacy issued from the pandemic and the post Brexit era, now further compounded by the Russian invasion of the Ukraine. The business monitors and forecasts cash requirements on a regular basis both for the short-term management and medium / longer term. Capital expenditure on some replacement and additions to key plant items will occur during 2023/24. The other key business risks relate to competition regulation, customer acquisition and working capital management. The directors actively monitor trends in trading and with the help of senior management makes strategic decisions to mitigate any material threat to the long-term stability of the group.
As stated in the business review we continue to consolidate as a company, increase our net worth on the profits retained through solid financial performance and generate sustainable cash flow.
The operating profit for the year is circa £1.4M. The directors work continuously on the management of its operational performance and the management of costs and will endeavour to increase profits from the capital employed in the business thus improving its financial returns and cash flows.
This report was approved by the board and signed on its behalf.
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ACS CONSTRUCTION GROUP LTD.
DIRECTORS' REPORT
FOR THE YEAR ENDED 31ST OCTOBER 2023
The directors present their report and the financial statements for the year ended 31 October 2023.
The profit for the year, after taxation, amounted to £1,020,462 (2022 - £1,063,935).
Particulars of recommended dividends are detailed in note 13 to the financial statements.
The directors who served during the year were:
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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ACS CONSTRUCTION GROUP LTD.
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31ST OCTOBER 2023
In accordance with section 414C (11) of the Comapnies Act 2006 Regulations 2013, the directors have included a separate strategic report. This includes information that would have been included in the business review, future developments and the principal risks and uncertainties.
There have been no significant events affecting the Company since the year end.
The auditors, Alexander Knight & Co Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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ACS CONSTRUCTION GROUP LTD.
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CONSTRUCTION GROUP LTD.
We have audited the financial statements of ACS Construction Group Ltd. (the 'Company') for the year ended 31st October 2023, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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ACS CONSTRUCTION GROUP LTD.
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CONSTRUCTION GROUP LTD. (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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ACS CONSTRUCTION GROUP LTD.
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CONSTRUCTION GROUP LTD. (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit team:
-Obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework; -Inquired of management and those charged with governance their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; -Discussed matters about non-compliance with laws and regulations and how fraud might occur including an assessment of how and where the financial statements may be susceptible to fraud. As a result of performing the above, our procedures to respond to the risks identified included the following: -Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; -In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; All engagement team members were informed of the relevant laws and regulations and potential fraud risks at the planning stage and reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify such items. There are inherent limitations in our audit procedures described above. The more removed the laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to inquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to to to to detect than those that arise from error as they may involve deliberate concealment or collusion. It remains the primary responsibility of management to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: -Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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ACS CONSTRUCTION GROUP LTD.
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CONSTRUCTION GROUP LTD. (CONTINUED)
-Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. -Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. -Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants & Statutory Auditor
Westgate House
44 Hale Road
Hale
Cheshire
WA14 2EX
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ACS CONSTRUCTION GROUP LTD.
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
REGISTERED NUMBER: 03320855
STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
REGISTERED NUMBER: 03320855
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 29 form part of these financial statements.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
The company is a private company limited by shares, registered in England and Wales, registered number (03320855). The address of the registered office is Lansdowne House, Oak Green Business Park, Cheadle Hulme, Stockport, SK8 6QL.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The financial statements are prepared in sterling, which is the functional currency of the entity.
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of ACS Group Holdings Limited as at 31 October 2023 and these financial statements may be obtained from Companies House.
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
2.Accounting policies (continued)
In respect of long term contracts for on going services, turnover represents the value of work done in the year, including estimates of amounts not yet invoiced. Turnover in respect of long term contracts for on going services is recognised by reference to the stage of completion. Revenue not billed to the client is included in debtors as amounts recoverable on long term contracts.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
2.Accounting policies (continued)
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows: .
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
2.Accounting policies (continued)
impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
2.Accounting policies (continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Significant judgements Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Estimated useful life and residual value of fixed assets Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during current and prior accounting periods. Impairment of debtors The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. Accrued income and amounts recoverable on contract. The company accrues income for contracts where work has been undertaken, but not yet invoiced. In calculating the value of income to include, the company considers the level of work certified to date, together with work undertaken subsequent to the latest certification.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
12.Taxation (continued)
Deferred tax is measured on a non-discounted basis at the tax rate which is expected to apply in the periods in which timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. At Budget 2023, the government confirmed that the Corporation Tax main rate for future years starting 1 April 2023 would be 25% with a repayable tax credit rate of 10%.
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
Profit and loss account
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ACS CONSTRUCTION GROUP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023
At the year end date the director, P Grady owed the company £327,249 (2022 - £324,465).The loan account was interest free, unsecured and repaid in full after the year end.
At the year end date the director, D Doohan owed the company £63,439 (2022 - £85,216). The loan account was interest free, unsecured and repaid in full after the year end. At the year end date the director, D Curran owed the company £98,500 (2022 - £38,400). The loan account was interest free and unsecured. At the year end date the director, M Deignan owed the company £110,235 (2022 - £32,719). The loan account was interest free and unsecured. At the year end date the director, P Howard owed the company £95,487 (2022 - £28,286). The loan account was interest free and unsecured. At the year end date the director, B Mooney owed the company £211,438 (2022 - £130,306). The loan account was interest free and unsecured.
The group in which this company's information is consolidated is that of ACS Group Holdings Limited. ACS Group Holdings Limited is incorporated in England and will be drawing up consolidated financial statements to 31 October 2023. Copies of the consolidated financial statements of ACS Group Holdings Limited can be obtained from Companies House.
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