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REGISTERED NUMBER: 04740941 (England and Wales)















A.P. LAFLIN BUILDERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






A.P. LAFLIN BUILDERS LIMITED (REGISTERED NUMBER: 04740941)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


A.P. LAFLIN BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A P Laflin
Mrs S Laflin





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 04740941 (England and Wales)

A.P. LAFLIN BUILDERS LIMITED (REGISTERED NUMBER: 04740941)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 163,805 164,941

CURRENT ASSETS
Stocks 8,383 3,450
Debtors 5 392,034 320,505
Cash at bank 51,095 30,242
451,512 354,197
CREDITORS
Amounts falling due within one year 6 (217,065 ) (188,501 )
NET CURRENT ASSETS 234,447 165,696
TOTAL ASSETS LESS CURRENT LIABILITIES 398,252 330,637

CREDITORS
Amounts falling due after more than one year 7 (19,309 ) (24,167 )

PROVISIONS FOR LIABILITIES (15,711 ) -
NET ASSETS 363,232 306,470

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 363,231 306,469
SHAREHOLDERS' FUNDS 363,232 306,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 24 September 2024 and were signed on its behalf by:





A P Laflin - Director


A.P. LAFLIN BUILDERS LIMITED (REGISTERED NUMBER: 04740941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

A.P. Laflin Builders 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 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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
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 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.

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 11 (2022 - 9 ) .

A.P. LAFLIN BUILDERS LIMITED (REGISTERED NUMBER: 04740941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 80,913 110,506 227,942 4,102 423,463
Additions - 7,305 29,085 1,232 37,622
Disposals - - (26,795 ) - (26,795 )
At 31 December 2023 80,913 117,811 230,232 5,334 434,290
DEPRECIATION
At 1 January 2023 16,317 89,000 149,418 3,787 258,522
Charge for year 1,618 7,396 26,860 244 36,118
Eliminated on disposal - - (24,155 ) - (24,155 )
At 31 December 2023 17,935 96,396 152,123 4,031 270,485
NET BOOK VALUE
At 31 December 2023 62,978 21,415 78,109 1,303 163,805
At 31 December 2022 64,596 21,506 78,524 315 164,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8 16,456
Other debtors 392,026 304,049
392,034 320,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,402 7,981
Trade creditors 56,643 63,658
Taxation and social security 139,046 94,631
Other creditors 6,974 12,231
217,065 188,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 10,139 24,167
Hire purchase contracts 9,170 -
19,309 24,167