Registered number
08814719
A406 Builders Ltd
Filleted Accounts
31 December 2023
A406 Builders Ltd
Registered number: 08814719
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,571 10,713
Current assets
Stocks - 386
Debtors 4 1,074 2,821
Cash at bank and in hand 39,158 26,829
40,232 30,036
Creditors: amounts falling due within one year 5 (37,853) (29,247)
Net current assets 2,379 789
Total assets less current liabilities 10,950 11,502
Creditors: amounts falling due after more than one year 6 (1,214) (3,837)
Net assets 9,736 7,665
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,636 7,565
Shareholders' funds 9,736 7,665
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.
Mr Sukhdev Singh
Director
Approved by the board on 11 September 2024
A406 Builders Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services.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:
Plant and machinery over 5 years
Motor Vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 9,495 18,624 28,119
At 31 December 2023 9,495 18,624 28,119
Depreciation
At 1 January 2023 7,844 9,562 17,406
Charge for the year 330 1,812 2,142
At 31 December 2023 8,174 11,374 19,548
Net book value
At 31 December 2023 1,321 7,250 8,571
At 31 December 2022 1,651 9,062 10,713
4 Debtors 2023 2022
£ £
Other debtors 1,074 2,821
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director's Account 27,005 21,405
Obligations under finance lease and hire purchase contracts 2,090 3,304
Taxation and social security costs 5,652 3,265
Other creditors 3,106 1,273
37,853 29,247
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 1,214 3,837
7 Other information
A406 Builders Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Rose Avenue
Dagenham
Essex
RM8 1PU
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