Registered number: 06317922 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
Prepared By: | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
A & G Plastering Contractors Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Notts | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06317922 | ||||||||
BANKERS | ||||||||
Barclays Bank Plc, Sir Frank Whittle Road, Derby, DE1 9NT | ||||||||
ACCOUNTANTS | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
A & G Plastering Contractors Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
A & G Plastering Contractors Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
262,696 | 347,144 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 149,069 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 439,291 | 480,030 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 256,997 | 154,043 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
A & G Plastering Contractors Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 102 section 1A | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 20% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 13 | |||||
A & G Plastering Contractors Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 January 2023 | 204,329 | 21,778 | 226,107 | |||
Additions | 234,370 | - | 234,370 | |||
Disposals | (35,490) | - | (35,490) | |||
At 31 December 2023 | 403,209 | 21,778 | 424,987 | |||
Depreciation | ||||||
At 1 January 2023 | 110,106 | 14,219 | 124,325 | |||
Disposals | (27,068) | - | (27,068) | |||
For the year | 73,678 | 1,509 | 75,187 | |||
At 31 December 2023 | 156,716 | 15,728 | 172,444 | |||
Net Book Amounts | ||||||
At 31 December 2023 | 252,543 | |||||
At 31 December 2022 | 101,782 | |||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 1 January 2023 | 497,000 | 497,000 | ||||||
Revaluation | (2,485) | (2,485) | ||||||
At 31 December 2023 | 494,515 | 494,515 | ||||||
The historic cost of investment property is £453,718 (2022: £453,718). | ||||||||
The fair value gains and losses on the above assets are recognised in profit and loss. The fair value loss of £2,485 has been included within the profit for the year. | ||||||||
The investment property has been valued by the directors as at 31 December 2023 and 2022. The valuation is based on the purchase prices as adjusted for inflation data provided by Zoopla.co.uk. | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 118,559 | 242,878 | ||||||
Other debtors | 946 | 1,064 | ||||||
CIS Debtor | 9,427 | - | ||||||
Directors current account | - | 62,891 | ||||||
128,932 | 306,833 | |||||||
A & G Plastering Contractors Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 108,442 | 65,849 | ||||||
VAT | 19,837 | 24,728 | ||||||
PAYE control | - | 4,022 | ||||||
Salaries and wages control | - | 43,881 | ||||||
Directors current account | 6,174 | - | ||||||
Trade creditors | 4,675 | 11,936 | ||||||
Other creditors | 1,756 | 1,756 | ||||||
Accruals | 30,159 | 45,903 | ||||||
171,043 | 198,075 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 24,964 | 34,799 | ||||||
Bank loans (secured) >1yr | 147,919 | 154,101 | ||||||
Mortgage | 130,862 | 140,567 | ||||||
Funding Circle Loan >1yr | 92,970 | 132,895 | ||||||
Hire purchase >1yr | 42,576 | 17,668 | ||||||
439,291 | 480,030 | |||||||
8. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | - | 140,567 | ||||||
The bank loan is secured by a first legal charge on the property held in the company. | ||||||||
A & G Plastering Contractors Ltd | ||||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 142,413 | 113,768 | ||||||
142,413 | 113,768 | |||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
10 | 10 | |||||||
10 | 10 | |||||||
New shares issued during period: | ||||||||
9 | 9 | |||||||
11. CONTROLLING PARTY | ||||||||
The company is controlled by the director, A M Widdowson, who owns 50% of the issued share capital of the company. | ||||||||