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REGISTERED NUMBER: 04305437 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Andrew Smith Building Contractor Limited

Andrew Smith Building Contractor Limited (Registered number: 04305437)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Andrew Smith Building Contractor Limited (Registered number: 04305437)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330,543 323,958

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 261,303 438,190
Cash at bank 471,119 353,671
734,422 793,861
CREDITORS
Amounts falling due within one year 6 294,455 316,925
NET CURRENT ASSETS 439,967 476,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

770,510

800,894

PROVISIONS FOR LIABILITIES 62,804 61,553
NET ASSETS 707,706 739,341

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 707,656 739,291
707,706 739,341

Andrew Smith Building Contractor Limited (Registered number: 04305437)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 7 August 2024 and were signed on its behalf by:





L J Smith - Director


Andrew Smith Building Contractor Limited (Registered number: 04305437)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Andrew Smith Building Contractor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04305437

Registered office: Moss Hall Farm
Carr Bank Road
Carr Bank
Milnthorpe
Cumbria
LA7 7LB

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 etc - 25% on cost, 20% on cost, 15% on cost and 10% 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 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.

Andrew Smith Building Contractor Limited (Registered number: 04305437)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

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 8 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 584,918
Additions 96,007
Disposals (59,438 )
At 30 November 2023 621,487
DEPRECIATION
At 1 December 2022 260,960
Charge for year 73,410
Eliminated on disposal (43,426 )
At 30 November 2023 290,944
NET BOOK VALUE
At 30 November 2023 330,543
At 30 November 2022 323,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 208,719 392,182
Other debtors 52,584 46,008
261,303 438,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 1,334 9,789
Trade creditors 163,014 139,912
Taxation and social security 17,878 68,190
Other creditors 112,229 99,034
294,455 316,925