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REGISTERED NUMBER: 09585148 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ASSET AND INFRASTRUCTURE ENGINEERING LTD

ASSET AND INFRASTRUCTURE ENGINEERING LTD (REGISTERED NUMBER: 09585148)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASSET AND INFRASTRUCTURE ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: L T John





REGISTERED OFFICE: 14 Commercial Street
Kenfig Hill
Bridgend
CF33 6DL





REGISTERED NUMBER: 09585148 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

ASSET AND INFRASTRUCTURE ENGINEERING LTD (REGISTERED NUMBER: 09585148)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,281,808 2,233,616

CURRENT ASSETS
Stocks 586,978 38,600
Debtors 5 1,016,518 844,343
Cash at bank 1,014,299 1,369,860
2,617,795 2,252,803
CREDITORS
Amounts falling due within one year 6 590,460 379,500
NET CURRENT ASSETS 2,027,335 1,873,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,309,143

4,106,919

CREDITORS
Amounts falling due after more than one year 7 (120,741 ) (88,818 )

PROVISIONS FOR LIABILITIES (492,880 ) (359,486 )
NET ASSETS 3,695,522 3,658,615

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 9 3,695,518 3,658,611
3,695,522 3,658,615

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

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

ASSET AND INFRASTRUCTURE ENGINEERING LTD (REGISTERED NUMBER: 09585148)

BALANCE SHEET - continued
31 MAY 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 7 October 2024 and were signed by:





L T John - Director


ASSET AND INFRASTRUCTURE ENGINEERING LTD (REGISTERED NUMBER: 09585148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Asset And Infrastructure Engineering Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ASSET AND INFRASTRUCTURE ENGINEERING LTD (REGISTERED NUMBER: 09585148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,108,021 658,889 166,155 3,933,065
Additions 449,916 337,983 20,403 808,302
Disposals - (174,794 ) - (174,794 )
At 31 May 2024 3,557,937 822,078 186,558 4,566,573
DEPRECIATION
At 1 June 2023 1,357,613 249,008 92,828 1,699,449
Charge for year 497,709 159,499 37,174 694,382
Eliminated on disposal - (109,066 ) - (109,066 )
At 31 May 2024 1,855,322 299,441 130,002 2,284,765
NET BOOK VALUE
At 31 May 2024 1,702,615 522,637 56,556 2,281,808
At 31 May 2023 1,750,408 409,881 73,327 2,233,616

ASSET AND INFRASTRUCTURE ENGINEERING LTD (REGISTERED NUMBER: 09585148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 304,321 194,680 499,001
Additions 110,000 229,160 339,160
Disposals - (79,154 ) (79,154 )
Transfer to ownership - (24,035 ) (24,035 )
At 31 May 2024 414,321 320,651 734,972
DEPRECIATION
At 1 June 2023 (454 ) 61,974 61,520
Charge for year 59,401 69,608 129,009
Eliminated on disposal - (37,221 ) (37,221 )
Transfer to ownership 62,901 (18,213 ) 44,688
At 31 May 2024 121,848 76,148 197,996
NET BOOK VALUE
At 31 May 2024 292,473 244,503 536,976
At 31 May 2023 304,775 132,706 437,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 444,780 109,752
Other debtors 571,738 734,591
1,016,518 844,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 231,202 151,784
Trade creditors 263,503 94,219
Taxation and social security 87,861 126,609
Other creditors 7,894 6,888
590,460 379,500

ASSET AND INFRASTRUCTURE ENGINEERING LTD (REGISTERED NUMBER: 09585148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 120,741 88,818

8. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Hire purchase contracts 351,943 240,602

9. RESERVES
Retained
earnings
£   

At 1 June 2023 3,658,611
Profit for the year 44,907
Dividends (8,000 )
At 31 May 2024 3,695,518

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
L T John
Balance outstanding at start of year 346,588 347,337
Amounts advanced 7,993 11,251
Amounts repaid (8,000 ) (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 346,581 346,588