Registered number
11148764
A H Paving Limited
Filleted Accounts
31 January 2024
A H Paving Limited
Registered number: 11148764
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,038 27,419
Current assets
Debtors 4 75,591 183,310
Cash at bank and in hand 35,304 116,266
110,895 299,576
Creditors: amounts falling due within one year 5 (12,940) (102,598)
Net current assets 97,955 196,978
Total assets less current liabilities 116,993 224,397
Creditors: amounts falling due after more than one year 6 (23,333) (33,333)
Net assets 93,660 191,064
Capital and reserves
Called up share capital 100 100
Profit and loss account 93,560 190,964
Shareholder's funds 93,660 191,064
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.
Mr A Hutchinson
Director
Approved by the board on 23 October 2024
A H Paving Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Plant and machinery 25% straight line
Office equipment 20% straight line
Motor vehicles 25% straight line
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and Machinery Office Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 5,206 1,593 48,996 55,795
Additions - 643 6,250 6,893
At 31 January 2024 5,206 2,236 55,246 62,688
Depreciation
At 1 February 2023 2,228 963 25,185 28,376
Charge for the year 1,037 425 13,812 15,274
At 31 January 2024 3,265 1,388 38,997 43,650
Net book value
At 31 January 2024 1,941 848 16,249 19,038
At 31 January 2023 2,978 630 23,811 27,419
4 Debtors 2024 2023
£ £
Trade debtors 42,186 165,255
CIS debtor 9,018 4,002
Other debtors 24,387 14,053
75,591 183,310
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,701 57,782
Accruals 1,210 1,100
Corporation tax 1,874 34,657
Other creditors 8,155 9,059
12,940 102,598
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,333 33,333
7 Events after the reporting date
There are no known events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
8 Contingent liabilities
There are no known contingent liabilities which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
9 Related party transactions
Total dividends of £97,000 were paid during the year to the shareholders of the company. As at the year end the company owed £294 to the shareholders of the company. The loan is interest free with no fixed date for repayment.
10 Controlling party
The company is under the control of Mr Hutchinson, being director and shareholder of the company.
11 Other information
A H Paving Limited is a private company limited by shares and incorporated in England. Its registered office is:
Old Dairy Farm Craft Centre
Main Street, Upper Stowe
Northampton
Northamptonshire
NN7 4SH
A H Paving Limited 11148764 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 Mr A Hutchinson No description of principal activity 11148764 2022-02-01 2023-01-31 11148764 core:WithinOneYear 2023-01-31 11148764 core:AfterOneYear 2023-01-31 11148764 core:ShareCapital 2023-01-31 11148764 core:RetainedEarningsAccumulatedLosses 2023-01-31 11148764 2023-02-01 2024-01-31 11148764 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11148764 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11148764 bus:Director40 2023-02-01 2024-01-31 11148764 1 2023-02-01 2024-01-31 11148764 2 2023-02-01 2024-01-31 11148764 core:LandBuildings 2023-02-01 2024-01-31 11148764 core:PlantMachinery 2023-02-01 2024-01-31 11148764 core:Vehicles 2023-02-01 2024-01-31 11148764 1 2023-02-01 2024-01-31 11148764 countries:England 2023-02-01 2024-01-31 11148764 bus:FRS102 2023-02-01 2024-01-31 11148764 bus:FilletedAccounts 2023-02-01 2024-01-31 11148764 2024-01-31 11148764 core:WithinOneYear 2024-01-31 11148764 core:AfterOneYear 2024-01-31 11148764 core:ShareCapital 2024-01-31 11148764 core:RetainedEarningsAccumulatedLosses 2024-01-31 11148764 core:LandBuildings 2024-01-31 11148764 core:PlantMachinery 2024-01-31 11148764 core:Vehicles 2024-01-31 11148764 2023-01-31 11148764 core:LandBuildings 2023-01-31 11148764 core:PlantMachinery 2023-01-31 11148764 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure