Registered number
04607167
A & K Building Services Ltd
Filleted Accounts
30 November 2023
A & K Building Services Ltd
Registered number: 04607167
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 971,595 941,997
Current assets
Stocks 49,000 44,000
Sundry Debtors 4 523,871 266,748
Cash at Bank 534,136 469,378
1,107,007 780,126
Creditors: amounts falling due within one year 5 (317,697) (205,613)
Net current assets 789,310 574,513
Total assets less current liabilities 1,760,905 1,516,510
Creditors: amounts falling due after more than one year 6 (437,473) (484,397)
Net assets 1,323,432 1,032,113
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 75,500 75,500
Profit and loss account 1,247,832 956,513
Shareholder's funds 1,323,432 1,032,113
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
A Pagett
Director
Approved by the board on 30 August 2024
A & K Building Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 782,996 31,456 284,170 1,098,622
Additions - - 76,031 76,031
Disposals / scrap - - (16,070) (16,070)
At 30 November 2023 782,996 31,456 344,131 1,158,583
Depreciation
At 1 December 2022 - 2,825 153,800 156,625
Charge for the year - 6,309 40,124 46,433
On disposals - - (16,070) (16,070)
At 30 November 2023 - 9,134 177,854 186,988
Net book value
At 30 November 2023 782,996 22,322 166,277 971,595
At 30 November 2022 782,996 28,631 130,370 941,997
4 Debtors 2023 2022
£ £
Trade debtors 267,169 265,544
Other debtors 256,702 1,204
523,871 266,748
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 11,812 1,695
Trade creditors 122,280 108,630
Taxation and social security costs 161,640 79,881
Other creditors 21,965 15,407
317,697 205,613
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 431,204 455,605
Obligations under finance lease and hire purchase contracts 6,269 28,792
437,473 484,397
7 Revaluation reserve 2023 2022
£ £
At 1 December 2022 75,500 75,500
At 30 November 2023 75,500 75,500
8 Other information
A & K Building Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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