Registered number
10990833
ADROIT BROTHERS CONTRACTORS LTD
Filleted Accounts
31 October 2023
ADROIT BROTHERS CONTRACTORS LTD
Registered number: 10990833
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 36,493 3,854
Current assets
Debtors 4 86,793 138,870
Cash at bank and in hand 148,410 15,892
235,203 154,762
Creditors: amounts falling due within one year 5 (207,722) (54,769)
Net current assets 27,481 99,993
Total assets less current liabilities 63,974 103,847
Creditors: amounts falling due after more than one year 6 (26,667) (36,667)
Net assets 37,307 67,180
Capital and reserves
Called up share capital 3 3
Profit and loss account 37,304 67,177
Shareholder's funds 37,307 67,180
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alexandru Boca
Director
Approved by the board on 1 July 2024
ADROIT BROTHERS CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 November 2022 17,917
Additions 38,042
At 31 October 2023 55,959
Depreciation
At 1 November 2022 14,063
Charge for the year 5,403
At 31 October 2023 19,466
Net book value
At 31 October 2023 36,493
At 31 October 2022 3,854
4 Debtors 2023 2022
£ £
Trade debtors - 138,870
Other debtors 86,793 -
86,793 138,870
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,502 1,964
Taxation and social security costs 192,220 49,925
Other creditors - 2,880
207,722 54,769
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 36,667
Obligations under finance lease and hire purchase contracts 26,667 -
26,667 36,667
7 Other information
ADROIT BROTHERS CONTRACTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
678 Kenton Lane
Harrow
HA3 6AA
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