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REGISTERED NUMBER: 05993779 (England and Wales)















AMBREY BAKER CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






AMBREY BAKER CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


AMBREY BAKER CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R J Baker
P C Waldeck





SECRETARY: P C Waldeck





REGISTERED OFFICE: Sellwood House
Sellwood Court
Enterprise Park
Sleaford
Lincolnshire
NG34 8GJ





REGISTERED NUMBER: 05993779 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

AMBREY BAKER CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993779)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,930 78,795

CURRENT ASSETS
Stocks 437,581 247,259
Debtors 5 1,211,207 1,169,039
Cash at bank and in hand 1,311,418 482,911
2,960,206 1,899,209
CREDITORS
Amounts falling due within one year 6 2,275,781 1,308,744
NET CURRENT ASSETS 684,425 590,465
TOTAL ASSETS LESS CURRENT LIABILITIES 798,355 669,260

CREDITORS
Amounts falling due after more than one year 7 (41,667 ) (87,122 )

PROVISIONS FOR LIABILITIES (27,872 ) (19,699 )
NET ASSETS 728,816 562,439

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 728,814 562,437
SHAREHOLDERS' FUNDS 728,816 562,439

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

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

AMBREY BAKER CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993779)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:




R J Baker - Director



P C Waldeck - Director


AMBREY BAKER CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Ambrey Baker Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts charged to customers for goods and services provided during the year, excluding value added tax and trade discounts.

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 - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Work in progress and stock
Work in progress is stated at the lower of cost and estimated invoice price less costs to complete the project.

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

AMBREY BAKER CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 220,786
Additions 62,506
At 31 May 2024 283,292
DEPRECIATION
At 1 June 2023 141,991
Charge for year 27,371
At 31 May 2024 169,362
NET BOOK VALUE
At 31 May 2024 113,930
At 31 May 2023 78,795

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,144,980 984,046
Other debtors 66,227 184,993
1,211,207 1,169,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 45,455 45,580
Trade creditors 757,352 601,312
Taxation and social security 1,156,323 343,713
Other creditors 316,651 318,139
2,275,781 1,308,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 41,667 87,122

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 87,122 132,577

There are fixed and floating charges that cover all the property or undertaking of the company.

AMBREY BAKER CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan accounts totalling £4,140 brought forward (2022: £108,250). During the year, the directors of the company borrowed £12,000 (2023: £Nil) from the company and repaid £5,000 (2023: £104,110). The balance at the end of the year totalled £11,140 overdrawn (2023: £4,140 overdrawn).