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REGISTERED NUMBER: 02163691 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A & E Builders (Basingstoke) Limited

A & E Builders (Basingstoke) Limited (Registered number: 02163691)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & E Builders (Basingstoke) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S P Penny
S E Penny





REGISTERED OFFICE: 1A Deep Lane
Basingstoke
Hampshire
RG21 7RY





REGISTERED NUMBER: 02163691 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

A & E Builders (Basingstoke) Limited (Registered number: 02163691)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 337,772 278,396

CURRENT ASSETS
Stocks 30,695 42,202
Debtors 5 219,291 244,793
Cash at bank 89,625 71,945
339,611 358,940
CREDITORS
Amounts falling due within one year 6 207,889 190,415
NET CURRENT ASSETS 131,722 168,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,494

446,921

PROVISIONS FOR LIABILITIES 8 49,943 26,675
NET ASSETS 419,551 420,246

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 419,549 420,244
SHAREHOLDERS' FUNDS 419,551 420,246

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 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.

A & E Builders (Basingstoke) Limited (Registered number: 02163691)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





S E Penny - Director


A & E Builders (Basingstoke) Limited (Registered number: 02163691)

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


1. STATUTORY INFORMATION

A & E Builders (Basingstoke) 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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


A & E Builders (Basingstoke) Limited (Registered number: 02163691)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 150,000 34,254 58,033 278,065 520,352
Additions - 18,575 - 112,638 131,213
Disposals - (11,500 ) - (64,305 ) (75,805 )
At 31 March 2024 150,000 41,329 58,033 326,398 575,760
DEPRECIATION
At 1 April 2023 12,000 34,254 55,273 140,429 241,956
Charge for year - 2,709 690 33,507 36,906
Eliminated on disposal - (11,500 ) - (29,374 ) (40,874 )
At 31 March 2024 12,000 25,463 55,963 144,562 237,988
NET BOOK VALUE
At 31 March 2024 138,000 15,866 2,070 181,836 337,772
At 31 March 2023 138,000 - 2,760 137,636 278,396

A & E Builders (Basingstoke) Limited (Registered number: 02163691)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 187,424 229,432
Other debtors 31,867 15,361
219,291 244,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 77,014 73,729
Taxation and social security 57,664 60,573
Other creditors 73,211 56,113
207,889 190,415

7. SECURED DEBTS

The company has allowed a fixed and floating charge over the company's assets as security for the bank.

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 49,943 26,675

Deferred
tax
£   
Balance at 1 April 2023 26,675
Accelerated capital allowances 23,268
Balance at 31 March 2024 49,943

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2