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REGISTERED NUMBER: 04677191 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

A1 Concrete Products (Cymru) Limited

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A1 Concrete Products (Cymru) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: S G James
E L T James





SECRETARY: S G James





REGISTERED OFFICE: Lluest
Bronwydd
Carmarthen
Carmarthenshire
SA33 6JA





REGISTERED NUMBER: 04677191 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 383,041 352,366

CURRENT ASSETS
Stocks 167,000 173,520
Debtors 5 140,972 92,338
Cash at bank 23,241 28,887
331,213 294,745
CREDITORS
Amounts falling due within one year 6 136,399 104,210
NET CURRENT ASSETS 194,814 190,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,855

542,901

CREDITORS
Amounts falling due after more than one year 7 (69,191 ) (74,983 )

PROVISIONS FOR LIABILITIES (64,166 ) (66,950 )
NET ASSETS 444,498 400,968

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 444,496 400,966
444,498 400,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





S G James - Director


A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

A1 Concrete Products (Cymru) 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.

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.

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.

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.

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 675,205
Additions 153,912
Disposals (46,652 )
At 29 February 2024 782,465
DEPRECIATION
At 1 March 2023 322,839
Charge for year 86,902
Eliminated on disposal (10,317 )
At 29 February 2024 399,424
NET BOOK VALUE
At 29 February 2024 383,041
At 28 February 2023 352,366

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 239,044
Additions 56,570
Transfer to ownership (105,000 )
At 29 February 2024 190,614
DEPRECIATION
At 1 March 2023 112,014
Charge for year 23,638
Transfer to ownership (84,375 )
At 29 February 2024 51,277
NET BOOK VALUE
At 29 February 2024 139,337
At 28 February 2023 127,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 139,122 90,478
Other debtors 1,850 1,860
140,972 92,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 40,714 30,000
Trade creditors 37,908 26,143
Taxation and social security 38,723 32,681
Other creditors 19,054 15,386
136,399 104,210

A1 Concrete Products (Cymru) Limited (Registered number: 04677191)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 55,892 52,083
Other creditors 13,299 22,900
69,191 74,983

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
E L T James and S G James
Balance outstanding at start of year (2,147 ) (14,019 )
Amounts advanced 384 11,872
Amounts repaid (1,020 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,783 ) (2,147 )