Registered number
11059412
A1 Builders (Midlands) Limited
Filleted Accounts
30 November 2023
A1 Builders (Midlands) Limited
Registered number: 11059412
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 36,790 51,244
36,790 51,244
Creditors: amounts falling due within one year 3 (2,428) (3,620)
Net current assets 34,362 47,624
Total assets less current liabilities 34,362 47,624
Creditors: amounts falling due after more than one year 4 (24,501) (35,000)
Net assets 9,861 12,624
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,761 12,524
Shareholders' funds 9,861 12,624
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amarjit Singh
Director
Approved by the board on 21 August 2024
A1 Builders (Midlands) Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,228 2,420
Other creditors 1,200 1,200
2,428 3,620
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,501 35,000
Other creditors - -
24,501 35,000
A1 Builders (Midlands) Limited 11059412 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Amarjit Singh No description of principal activity 11059412 2021-12-01 2022-11-30 11059412 core:WithinOneYear 2022-11-30 11059412 core:AfterOneYear 2022-11-30 11059412 core:ShareCapital 2022-11-30 11059412 core:RetainedEarningsAccumulatedLosses 2022-11-30 11059412 2022-12-01 2023-11-30 11059412 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11059412 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11059412 bus:Director40 2022-12-01 2023-11-30 11059412 2 2022-12-01 2023-11-30 11059412 bus:FRS102 2022-12-01 2023-11-30 11059412 bus:FilletedAccounts 2022-12-01 2023-11-30 11059412 2023-11-30 11059412 core:WithinOneYear 2023-11-30 11059412 core:AfterOneYear 2023-11-30 11059412 core:ShareCapital 2023-11-30 11059412 core:RetainedEarningsAccumulatedLosses 2023-11-30 11059412 2022-11-30 iso4217:GBP xbrli:pure