IRIS Accounts Production v24.1.9.2 05398863 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053988632023-03-31053988632024-03-31053988632023-04-012024-03-31053988632022-03-31053988632022-04-012023-03-31053988632023-03-3105398863ns15:EnglandWales2023-04-012024-03-3105398863ns14:PoundSterling2023-04-012024-03-3105398863ns10:Director12023-04-012024-03-3105398863ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105398863ns10:SmallEntities2023-04-012024-03-3105398863ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105398863ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105398863ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105398863ns10:FullAccounts2023-04-012024-03-3105398863ns10:Director22023-04-012024-03-3105398863ns10:CompanySecretary12023-04-012024-03-3105398863ns10:RegisteredOffice2023-04-012024-03-3105398863ns5:CurrentFinancialInstruments2024-03-3105398863ns5:CurrentFinancialInstruments2023-03-3105398863ns5:Non-currentFinancialInstruments2024-03-3105398863ns5:Non-currentFinancialInstruments2023-03-3105398863ns5:ShareCapital2024-03-3105398863ns5:ShareCapital2023-03-3105398863ns5:RetainedEarningsAccumulatedLosses2024-03-3105398863ns5:RetainedEarningsAccumulatedLosses2023-03-3105398863ns5:PlantMachinery2023-04-012024-03-3105398863ns5:MotorVehicles2023-04-012024-03-3105398863ns5:ComputerEquipment2023-04-012024-03-3105398863ns5:PlantMachinery2023-03-3105398863ns5:MotorVehicles2023-03-3105398863ns5:ComputerEquipment2023-03-3105398863ns5:PlantMachinery2024-03-3105398863ns5:MotorVehicles2024-03-3105398863ns5:ComputerEquipment2024-03-3105398863ns5:PlantMachinery2023-03-3105398863ns5:MotorVehicles2023-03-3105398863ns5:ComputerEquipment2023-03-3105398863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105398863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05398863 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

AM Paving Limited

AM Paving Limited (Registered number: 05398863)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AM Paving Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr A M Molloy
Mr L Woolnough





SECRETARY: Mrs K L Molloy





REGISTERED OFFICE: 3 Ranworth Avenue
Lowestoft
Suffolk
NR33 9HN





REGISTERED NUMBER: 05398863 (England and Wales)

AM Paving Limited (Registered number: 05398863)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,276 18,589

CURRENT ASSETS
Stocks and work in progress 11,456 14,291
Debtors 5 49,736 84,219
Cash at bank 217,140 220,140
278,332 318,650
CREDITORS
Amounts falling due within one year 6 68,290 73,307
NET CURRENT ASSETS 210,042 245,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,318

263,932

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (4,954 ) (3,992 )
NET ASSETS 215,697 238,273

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 215,572 238,148
SHAREHOLDERS' FUNDS 215,697 238,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

AM Paving Limited (Registered number: 05398863)

Balance Sheet - continued
31st March 2024


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 18th September 2024 and were signed on its behalf by:





Mr A M Molloy - Director


AM Paving Limited (Registered number: 05398863)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

AM Paving 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

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.

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.

AM Paving Limited (Registered number: 05398863)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 50,975 36,575 5,499 93,049
Additions 3,150 6,500 279 9,929
Disposals - (3,950 ) - (3,950 )
At 31st March 2024 54,125 39,125 5,778 99,028
DEPRECIATION
At 1st April 2023 42,922 27,226 4,312 74,460
Charge for year 2,429 2,849 302 5,580
Eliminated on disposal - (3,288 ) - (3,288 )
At 31st March 2024 45,351 26,787 4,614 76,752
NET BOOK VALUE
At 31st March 2024 8,774 12,338 1,164 22,276
At 31st March 2023 8,053 9,349 1,187 18,589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,979 78,626
Other debtors 4,757 5,593
49,736 84,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,590 254
Taxation and social security 40,396 47,735
Other creditors 16,304 15,318
68,290 73,307

AM Paving Limited (Registered number: 05398863)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, A M Molloy and L Woolnough.