Company Registration No. 03130360 (England and Wales)
P. Allison & Sons (Demolition Contractors) Limited
Unaudited accounts
for the period from 1 September 2023 to 31 March 2024
P. Allison & Sons (Demolition Contractors) Limited
Unaudited accounts
Contents
P. Allison & Sons (Demolition Contractors) Limited
Company Information
for the period from 1 September 2023 to 31 March 2024
Company Number
03130360 (England and Wales)
Registered Office
Lindow Lee Farm
Whetstead Road
Whetstead
Kent
TN12 6SD
England
Accountants
ASTON STEELE
Aston House
Cotchford Hill,
Hartfield
Sussex
TN7 4HA
P. Allison & Sons (Demolition Contractors) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
249,062
279,305
Cash at bank and in hand
13,589
53,819
Creditors: amounts falling due within one year
(130,639)
(108,156)
Net current assets
89,746
115,209
Total assets less current liabilities
338,808
394,514
Creditors: amounts falling due after more than one year
(5,586)
(34,048)
Provisions for liabilities
Deferred tax
(55,500)
(36,000)
Net assets
277,722
324,466
Called up share capital
52
52
Capital redemption reserve
49
49
Profit and loss account
277,621
324,365
Shareholders' funds
277,722
324,466
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2024 and were signed on its behalf by
Stephen Allison
Director
Company Registration No. 03130360
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
P. Allison & Sons (Demolition Contractors) Limited is a private company, limited by shares, registered in England and Wales, registration number 03130360. The registered office is Lindow Lee Farm, Whetstead Road, Whetstead, Kent, TN12 6SD, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
331,117
522,228
11,354
864,699
Additions
2,666
-
63
2,729
At 31 March 2024
333,783
522,228
10,835
866,846
At 1 September 2023
262,604
314,632
8,158
585,394
Charge for the period
8,304
24,219
449
32,972
On disposals
-
-
(582)
(582)
At 31 March 2024
270,908
338,851
8,025
617,784
At 31 March 2024
62,875
183,377
2,810
249,062
At 31 August 2023
68,513
207,596
3,196
279,305
Amounts falling due within one year
Trade debtors
186,086
150,828
Accrued income and prepayments
6,565
11,818
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,459
8,344
Taxes and social security
2,692
4,406
Other creditors
21,566
247
Loans from directors
86,518
64,722
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,586
34,048
Allotted, called up and fully paid:
52 Ordinary shares of £1 each
52
52
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Average number of employees
During the period the average number of employees was 5 (2023: 5).