Company registration number 07112887 (England and Wales)
AUM CONSTRUCTION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
AUM CONSTRUCTION LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AUM CONSTRUCTION LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
603,969
624,458
Current assets
Stocks
200,000
178,570
Debtors
4
228,724
328,020
Cash at bank and in hand
9,107
43,976
437,831
550,566
Creditors: amounts falling due within one year
5
(767,567)
(768,841)
Net current liabilities
(329,736)
(218,275)
Total assets less current liabilities
274,233
406,183
Creditors: amounts falling due after more than one year
6
(173,140)
(208,007)
Net assets
101,093
198,176
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
100,993
198,076
Total equity
101,093
198,176

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 9 September 2024
Mr D Singh
Director
Company registration number 07112887 (England and Wales)
AUM CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Aum Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Woden Road South, Wednesbury, West Midlands, England, WS10 0BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
N/A
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

AUM CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
46
46
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
542,497
134,668
3,038
11,230
253,092
944,525
Depreciation and impairment
At 1 January 2023
-
0
115,135
2,257
9,645
193,030
320,067
Depreciation charged in the year
-
0
4,883
195
396
15,015
20,489
At 31 December 2023
-
0
120,018
2,452
10,041
208,045
340,556
Carrying amount
At 31 December 2023
542,497
14,650
586
1,189
45,047
603,969
At 31 December 2022
542,497
19,533
781
1,585
60,062
624,458
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
211,862
325,178
Other debtors
16,862
2,842
228,724
328,020
AUM CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
49,547
-
0
Corporation tax
131,615
79,927
Other taxation and social security
263,883
202,606
Other creditors
322,522
486,308
767,567
768,841
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
173,140
208,007
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