Company No:
Contents
DIRECTOR | Mr A D Oakey |
REGISTERED OFFICE | 21 Mereside |
Soham | |
Ely | |
Cambridgeshire | |
CB7 5EE | |
United Kingdom |
BUSINESS ADDRESS | 21 Mereside |
Soham | |
Ely | |
Cambridgeshire | |
CB7 5EE | |
United Kingdom |
COMPANY NUMBER | 11336490 (England and Wales) |
ACCOUNTANT | Corbett Accountants Limited |
Bakersfield | |
82 Station Road | |
Soham | |
Ely | |
Cambridgeshire | |
CB7 5DZ |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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9,800 | 5,132 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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26,412 | 30,693 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current (liabilities)/assets | (2,051) | 8,327 | ||
Total assets less current liabilities | 7,749 | 13,459 | ||
Provision for liabilities | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of A. O Construction Limited (registered number:
Mr A D Oakey
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
A. O Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 21 Mereside, Soham, Ely, Cambridgeshire, CB7 5EE, United Kingdom. The principal place of business is 21 Mereside, Soham, Ely, Cambridgeshire, CB7 5EE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Vehicles |
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Tools and equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Vehicles | Tools and equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 May 2023 |
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Additions |
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At 30 April 2024 |
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Accumulated depreciation | |||||
At 01 May 2023 |
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Charge for the financial year |
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At 30 April 2024 |
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Net book value | |||||
At 30 April 2024 |
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At 30 April 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Amounts owed to director |
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Corporation tax |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Deferred tax |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with the entity's director
2024 | 2023 | ||
£ | £ | ||
Included in creditors is a director's loan, The loan is interest free and there are no repayment terms. | 17,541 | 8,255 | |
Dividends were paid in the year in respect of shares held by the company director. | 40,000 | 40,000 | |
The director charged the company for the use of office during the year. | 1,500 | 1,500 |