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REGISTERED NUMBER: 02782128 (England and Wales)















A.S. Contracts Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






A.S. Contracts Limited (Registered number: 02782128)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


A.S. Contracts Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr A.A. Stanley
Mr P Stanley
Mr M P Finnemore
Mrs S A Carroll





SECRETARY: Mrs S A Carroll





REGISTERED OFFICE: 1 Truemans Heath Lane
Hollywood
Birmingham
B47 5QE





REGISTERED NUMBER: 02782128 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

A.S. Contracts Limited (Registered number: 02782128)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,980 10,432

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 573,865 279,404
Cash at bank and in hand 194,153 63,198
771,518 346,102
CREDITORS
Amounts falling due within one year 6 571,558 188,481
NET CURRENT ASSETS 199,960 157,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,940

168,053

CREDITORS
Amounts falling due after more than one
year

7

5,518

10,606
NET ASSETS 203,422 157,447

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 203,122 157,147
SHAREHOLDERS' FUNDS 203,422 157,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

A.S. Contracts Limited (Registered number: 02782128)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr P Stanley - Director


A.S. Contracts Limited (Registered number: 02782128)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

A.S. Contracts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Improvements - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A.S. Contracts Limited (Registered number: 02782128)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
Improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 8,497 4,916 28,472 11,393 53,278
Additions - - 302 133 435
At 30 April 2024 8,497 4,916 28,774 11,526 53,713
DEPRECIATION
At 1 May 2023 5,205 4,246 25,283 8,112 42,846
Charge for year 329 167 526 865 1,887
At 30 April 2024 5,534 4,413 25,809 8,977 44,733
NET BOOK VALUE
At 30 April 2024 2,963 503 2,965 2,549 8,980
At 30 April 2023 3,292 670 3,189 3,281 10,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 510,072 249,054
Other debtors 63,793 30,350
573,865 279,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,094 5,094
Trade creditors 479,996 155,171
Taxation and social security 61,974 23,007
Other creditors 24,494 5,209
571,558 188,481

A.S. Contracts Limited (Registered number: 02782128)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,518 10,606

8. LEASING AGREEMENTS
As at 30th April 2024 the total value of the future minimum lease payments under non cancellable operating leases was £15,785.01 (2023, £29,062)..