Company registration number 05574409 (England and Wales)
ACC CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
ACC CONTRACTORS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ACC CONTRACTORS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs S M Rennolds
Mr R P Rennolds
Mrs K L Chaplin
Mr A C Chaplin
Secretary
Mrs K L Chaplin
Company number
05574409
Registered office
8 Cornish Walk
Stockwood
Bristol
United Kingdom
BD14 8LP
Accountants
TC Group
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
ACC CONTRACTORS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
21,112
Current assets
Stocks
-
7,000
Debtors
4
27,361
214,930
Cash at bank and in hand
3,260
1
30,621
221,931
Creditors: amounts falling due within one year
5
(33,794)
(174,373)
Net current (liabilities)/assets
(3,173)
47,558
Total assets less current liabilities
(3,173)
68,670
Creditors: amounts falling due after more than one year
6
-
0
(32,389)
Provisions for liabilities
-
0
862
Net (liabilities)/assets
(3,173)
37,143
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
(3,373)
36,943
Total equity
(3,173)
37,143
ACC CONTRACTORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 22 July 2024 and are signed on its behalf by:
Mr R P Rennolds
Director
Company Registration No. 05574409
ACC CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

ACC Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Cornish Walk, Stockwood, Bristol, United Kingdom, BD14 8LP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

ACC CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

ACC CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
-
0
4
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
41,028
5,450
32,753
80,901
160,132
Additions
-
0
-
0
433
-
0
433
Disposals
(41,028)
(5,450)
(33,186)
(80,901)
(160,565)
At 30 June 2024
-
0
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2023
31,969
5,048
30,470
71,533
139,020
Depreciation charged in the period
1,699
75
847
2,635
5,256
Eliminated in respect of disposals
(33,668)
(5,123)
(31,317)
(74,168)
(144,276)
At 30 June 2024
-
0
-
0
-
0
-
0
-
0
Carrying amount
At 30 June 2024
-
0
-
0
-
0
-
0
-
0
At 31 March 2023
9,059
402
2,283
9,368
21,112
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
153,816
Other debtors
27,361
61,114
27,361
214,930
ACC CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
19,079
57,898
Trade creditors
-
0
45,060
Taxation and social security
11,142
68,846
Other creditors
3,573
2,569
33,794
174,373
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
32,389
2024-06-302023-04-01false22 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMrs S M RennoldsMr R P RennoldsMr A C ChaplinMr Alex C ChaplinMrs K L Chaplinfalsefalse055744092023-04-012024-06-3005574409bus:Director12023-04-012024-06-3005574409bus:Director22023-04-012024-06-3005574409bus:CompanySecretaryDirector12023-04-012024-06-3005574409bus:Director32023-04-012024-06-3005574409bus:CompanySecretary12023-04-012024-06-3005574409bus:Director42023-04-012024-06-3005574409bus:RegisteredOffice2023-04-012024-06-30055744092024-06-30055744092023-03-3105574409core:PlantMachinery2024-06-3005574409core:FurnitureFittings2024-06-3005574409core:ComputerEquipment2024-06-3005574409core:MotorVehicles2024-06-3005574409core:PlantMachinery2023-03-3105574409core:FurnitureFittings2023-03-3105574409core:ComputerEquipment2023-03-3105574409core:MotorVehicles2023-03-3105574409core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3005574409core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3105574409core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3005574409core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3105574409core:CurrentFinancialInstruments2024-06-3005574409core:CurrentFinancialInstruments2023-03-3105574409core:ShareCapital2024-06-3005574409core:ShareCapital2023-03-3105574409core:RetainedEarningsAccumulatedLosses2024-06-3005574409core:RetainedEarningsAccumulatedLosses2023-03-3105574409core:PlantMachinery2023-04-012024-06-3005574409core:FurnitureFittings2023-04-012024-06-3005574409core:ComputerEquipment2023-04-012024-06-3005574409core:MotorVehicles2023-04-012024-06-30055744092022-04-012023-03-3105574409core:PlantMachinery2023-03-3105574409core:FurnitureFittings2023-03-3105574409core:ComputerEquipment2023-03-3105574409core:MotorVehicles2023-03-31055744092023-03-3105574409core:WithinOneYear2024-06-3005574409core:WithinOneYear2023-03-3105574409core:Non-currentFinancialInstruments2024-06-3005574409core:Non-currentFinancialInstruments2023-03-3105574409bus:PrivateLimitedCompanyLtd2023-04-012024-06-3005574409bus:SmallCompaniesRegimeForAccounts2023-04-012024-06-3005574409bus:FRS1022023-04-012024-06-3005574409bus:AuditExemptWithAccountantsReport2023-04-012024-06-3005574409bus:FullAccounts2023-04-012024-06-30xbrli:purexbrli:sharesiso4217:GBP