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REGISTERED NUMBER: 08821292 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

A K Todd Builders Limited

A K Todd Builders Limited (Registered number: 08821292)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A K Todd Builders Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A K Todd





SECRETARY: Mrs J A E Todd





REGISTERED OFFICE: Suite 32/33
Normanby Gateway
Lysaghts Way
Scunthorpe
North Lincolnshire
DN15 9YG





REGISTERED NUMBER: 08821292 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

A K Todd Builders Limited (Registered number: 08821292)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,483 3,150

CURRENT ASSETS
Stocks 5 140,936 140,936
Debtors 6 464,735 204,593
Cash at bank 31,451 109,018
637,122 454,547
CREDITORS
Amounts falling due within one year 7 (613,455 ) (539,283 )
NET CURRENT ASSETS/(LIABILITIES) 23,667 (84,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,150

(81,586

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 26,050 (81,686 )
SHAREHOLDERS' FUNDS 26,150 (81,586 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 12 July 2024 and were signed by:





A K Todd - Director


A K Todd Builders Limited (Registered number: 08821292)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

A K Todd Builders 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 - 15% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 15% on cost

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.

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 5 (2022 - 5 ) .

A K Todd Builders Limited (Registered number: 08821292)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 2,883 435 983 4,301
DEPRECIATION
At 1 January 2023 719 213 219 1,151
Charge for year 432 87 148 667
At 31 December 2023 1,151 300 367 1,818
NET BOOK VALUE
At 31 December 2023 1,732 135 616 2,483
At 31 December 2022 2,164 222 764 3,150

5. STOCKS
2023 2022
£    £   
Stocks 140,936 140,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 451,700 187,335
Tax - 2,439
VAT 11,761 13,610
Prepayments 1,274 1,209
464,735 204,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,820 28,889
Corporation tax 4,858 832
Social security and other tax 1,305 1,556
Other creditors 584,732 506,597
Directors' current accounts 960 686
Accrued expenses 780 723
613,455 539,283

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

A K Todd Builders Limited (Registered number: 08821292)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (81,686 )
Profit for the year 107,736
At 31 December 2023 26,050

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

No dividends were paid to the director during the period ended 31/12/2023 (2022 - £Nil). The Company owed the director £960 as at 31/12/2023 (2022 - £686).

11. RELATED PARTY DISCLOSURES

During the trading year, the company has supplied services to ASP Builders and Developers Ltd, a company in which Alan Keith Todd is a common shareholder, for £271,610 (2022: £190,291).

The company has also taken loan from ASP Builders and Developers Ltd during the year in the sum of £65,649 (2022: Nil).

Net owed from ASP Builders and Developers Ltd as at 31/12/2023 was £386,051 (2022:£187,000).