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REGISTERED NUMBER: 02999432 (England and Wales)














A C Building (Peterborough) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






A C Building (Peterborough) Limited (Registered number: 02999432)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


A C Building (Peterborough) Limited

Company Information
for the Year Ended 31 March 2024







Director: A Cocozza





Registered office: 7 Swan Court Cygnet Park
Hampton
Peterborough
PE7 8GX





Business address: Glenholme
Springfield
Fletton
Peterborough
Cambridgeshire
PE2 8BU





Registered number: 02999432 (England and Wales)





Accountants: Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
A C Building (Peterborough) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A C Building (Peterborough) Limited for the year ended 31 March 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A C Building (Peterborough) Limited in accordance with the terms of our engagement letter dated 17 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of A C Building (Peterborough) Limited and state those matters that we have agreed to state to the director of A C Building (Peterborough) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A C Building (Peterborough) Limited and its director for our work or for this report.

It is your duty to ensure that A C Building (Peterborough) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A C Building (Peterborough) Limited. You consider that A C Building (Peterborough) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A C Building (Peterborough) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX


15 October 2024

A C Building (Peterborough) Limited (Registered number: 02999432)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 61,998 68,815

Current assets
Stock and WIP 907,404 617,460
Debtors 6 12,547 49,691
Cash at bank 141,837 67,830
1,061,788 734,981
Creditors
Amounts falling due within one year 7 312,323 189,691
Net current assets 749,465 545,290
Total assets less current liabilities 811,463 614,105

Creditors
Amounts falling due after more than one
year

8

(659,342

)

(377,244

)

Provisions for liabilities (16,430 ) -
Net assets 135,691 236,861

Capital and reserves
Called up share capital 9 202 202
Retained earnings 135,489 236,659
Shareholders' funds 135,691 236,861

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A C Building (Peterborough) Limited (Registered number: 02999432)

Statement of Financial Position - continued
31 March 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 director and authorised for issue on 15 October 2024 and were signed by:





A Cocozza - Director


A C Building (Peterborough) Limited (Registered number: 02999432)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

A C Building (Peterborough) 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 20% Reducing balance
Motor Vehicles - 25% Reducing balance
Computer equipment - 3 Years straight line

Stocks
Stocks and work in progress 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.


A C Building (Peterborough) Limited (Registered number: 02999432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued
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 profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 103,475 29,131 2,209 134,815
Additions 24,250 - - 24,250
Disposals - (27,648 ) - (27,648 )
At 31 March 2024 127,725 1,483 2,209 131,417
Depreciation
At 1 April 2023 50,445 13,346 2,209 66,000
Charge for year 15,456 59 - 15,515
Eliminated on disposal - (12,096 ) - (12,096 )
At 31 March 2024 65,901 1,309 2,209 69,419
Net book value
At 31 March 2024 61,824 174 - 61,998
At 31 March 2023 53,030 15,785 - 68,815

A C Building (Peterborough) Limited (Registered number: 02999432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
VAT 12,547 5,837
Deferred tax asset - 43,854
12,547 49,691

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 5,555 5,556
Hire purchase contracts 18,850 18,000
Trade creditors 35,245 16,181
Corporation tax 18,097 -
Social security and other taxes 930 220
Other creditors 13,082 219
Director's loan account 215,354 144,645
Accruals and deferred income 5,210 4,870
312,323 189,691

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan 29,367 34,876
Hire purchase contracts 30,663 35,632
Intercompany loans 491,536 231,536
Other loan 107,776 75,200
659,342 377,244

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
202 202