2023-04-01 06465586 2024-03-31 06465586 2023-04-01 2024-03-31 06465586 2023-03-31 06465586 2022-04-01 2023-03-31 06465586 uk-core:WithinOneYear 2023-03-31 06465586 uk-core:WithinOneYear 2024-03-31 06465586 uk-core:AfterOneYear 2023-03-31 06465586 uk-core:AfterOneYear 2024-03-31 06465586 uk-core:ShareCapital 2024-03-31 06465586 uk-core:ShareCapital 2023-03-31 06465586 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 06465586 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06465586 uk-bus:Director1 2023-04-01 2024-03-31 06465586 uk-core:PlantMachinery 2023-04-01 2024-03-31 06465586 uk-core:Vehicles 2023-04-01 2024-03-31 06465586 uk-core:Vehicles 2023-03-31 06465586 uk-core:PlantMachinery 2023-03-31 06465586 uk-core:PlantMachinery 2024-03-31 06465586 uk-core:Vehicles 2024-03-31 06465586 uk-core:WithinOneYear 2024-03-31 06465586 uk-core:WithinOneYear 2023-03-31 06465586 uk-core:AfterOneYear uk-core:Secured 2024-03-31 06465586 uk-core:AfterOneYear uk-core:Secured 2023-03-31 06465586 2 uk-bus:Director1 2023-04-01 2024-03-31 06465586 2 uk-bus:Director1 2024-03-31 06465586 2 uk-bus:Director1 2023-03-31 iso4217:GBP xbrli:pure 06465586 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06465586 uk-bus:FRS102 2023-04-01 2024-03-31 06465586 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 06465586 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
A.B Construction (Glos) Limited
Registered Number:06465586
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
A.B Construction (Glos) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06465586
As at 31 March 2024
A.B Construction (Glos) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
16,346
21,794
2
16,346
21,794
Current assets
Trade and other receivables
4,806
3,312
3
15,115
Cash and cash equivalents
4,515
7,827
19,921
Trade and other payables: amounts falling due within one
year
(9,833)
(11,661)
4
10,088
(3,834)
Net current liabilities
Total assets less current liabilities
12,512
31,882
Trade and other payables: amounts falling due after more
than one year
(6,187)
(2,849)
5
(3,106)
(4,141)
Provisions for liabilities
6,557
Net assets
21,554
Capital and reserves
Called up share capital
2
2
Retained earnings
6,555
21,552
6,557
21,554
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A Bishop Director
These financial statements were approved and authorised for issue by the Board on 08 August 2024 and were signed by:
1 of 5
4
Registered Number :
06465586
For the year ended 31 March 2024
A.B Construction (Glos) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 March 2024
A.B Construction (Glos) Limited
Notes to the Financial Statements
Statutory Information
A.B Construction (Glos) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06465586.
Registered address:
5 Ashgrove Way
Gloucester
GL4 4NG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Straight line
25% Reducing balance
Vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
6
For the year ended 31 March 2024
A.B Construction (Glos) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2023
40,100
21,110
18,990
At 31 March 2024
18,990
21,110
40,100
Provision for depreciation and impairment
At 01 April 2023
18,306
14,508
3,798
Charge for year
5,448
1,650
3,798
At 31 March 2024
23,754
16,158
7,596
At 31 March 2024
Net book value
11,394
4,952
16,346
At 31 March 2023
15,192
6,602
21,794
3. Trade and other receivables
2023
2024
£
£
Other debtors
3,312
4,806
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,520
2,148
Trade creditors
2,840
-
Taxation and social security
6,020
6,785
Other creditors
281
900
11,661
9,833
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
2,849
5,373
Other creditors
-
814
2,849
6,187
4 of 5
7
For the year ended 31 March 2024
A.B Construction (Glos) Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/04/2023
At 31/03/2024
£
£
A Bishop
Interest free loan
2,500
2,500
2,500
2,500
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
5 of 5