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REGISTERED NUMBER: 05056933 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ford Construction (Sussex) Limited

Ford Construction (Sussex) Limited (Registered number: 05056933)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ford Construction (Sussex) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T S Bradstock
Mrs J S J Edmundston-Bradstock





REGISTERED OFFICE: Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 05056933 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Ford Construction (Sussex) Limited (Registered number: 05056933)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,389 44,102

CURRENT ASSETS
Stocks 850 850
Debtors 5 167,546 80,512
Cash at bank 57,645 47,857
226,041 129,219
CREDITORS
Amounts falling due within one year 6 103,150 38,926
NET CURRENT ASSETS 122,891 90,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,280

134,395

PROVISIONS FOR LIABILITIES 10,739 8,379
NET ASSETS 158,541 126,016

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,441 125,916
SHAREHOLDERS' FUNDS 158,541 126,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

Ford Construction (Sussex) Limited (Registered number: 05056933)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by:





T S Bradstock - Director


Ford Construction (Sussex) Limited (Registered number: 05056933)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ford Construction (Sussex) 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 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 Income Statement, 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.

Ford Construction (Sussex) Limited (Registered number: 05056933)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 53,796 49,950 103,746
Additions - 17,750 17,750
At 31 March 2024 53,796 67,700 121,496
DEPRECIATION
At 1 April 2023 40,135 19,509 59,644
Charge for year 3,415 12,048 15,463
At 31 March 2024 43,550 31,557 75,107
NET BOOK VALUE
At 31 March 2024 10,246 36,143 46,389
At 31 March 2023 13,661 30,441 44,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 166,181 40,461
Other debtors 1,365 40,051
167,546 80,512

Ford Construction (Sussex) Limited (Registered number: 05056933)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 35,876 13,754
Taxation and social security 64,914 22,554
Other creditors 2,360 2,618
103,150 38,926

7. RELATED PARTY DISCLOSURES

Included within other creditors is a loan balance totalling £701.89 (2023 £1,555.68) owed to Mr T Bradstock, a director. This loan was not overdrawn during the year and was provided, interest free and repayable on demand.

Included within other creditors is a loan balance totalling £9.87 (2023 £427.67) owed to Mrs J Edmundston-Bradstock, a director. This loan was not overdrawn during the year and was provided, interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.