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REGISTERED NUMBER: 11231577 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ABREY CONSTRUCTION LIMITED

ABREY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11231577)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABREY CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: S A Harrison



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
Wrexham
LL11 1BT



REGISTERED NUMBER: 11231577 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: ClearBank Limited
5th Floor 1 Appold Street
London
EC2A 2UT

ABREY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11231577)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,122 57,211

CURRENT ASSETS
Debtors 5 2,152,966 1,084,618
Cash at bank and in hand 631,354 252,809
2,784,320 1,337,427
CREDITORS
Amounts falling due within one year 6 1,943,391 1,102,104
NET CURRENT ASSETS 840,929 235,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

881,051

292,534

CREDITORS
Amounts falling due after more than one
year

7

(524,921

)

(47,920

)

PROVISIONS FOR LIABILITIES 9 (10,031 ) (14,303 )
NET ASSETS 346,099 230,311

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 345,999 230,211
SHAREHOLDERS' FUNDS 346,099 230,311

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

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

ABREY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11231577)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 2nd October 2024 and were signed by:





S A Harrison - Director


ABREY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11231577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Abrey Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

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.

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.

ABREY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11231577)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 - 74,687 10,181 84,868
Additions 8,025 - 4,295 12,320
Disposals - (26,979 ) - (26,979 )
At 31st March 2024 8,025 47,708 14,476 70,209
DEPRECIATION
At 1st April 2023 - 24,503 3,154 27,657
Charge for year 1,205 9,542 4,273 15,020
Eliminated on disposal - (12,590 ) - (12,590 )
At 31st March 2024 1,205 21,455 7,427 30,087
NET BOOK VALUE
At 31st March 2024 6,820 26,253 7,049 40,122
At 31st March 2023 - 50,184 7,027 57,211

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023 74,687
Disposals (26,979 )
At 31st March 2024 47,708
DEPRECIATION
At 1st April 2023 24,503
Charge for year 9,542
Eliminated on disposal (12,590 )
At 31st March 2024 21,455
NET BOOK VALUE
At 31st March 2024 26,253
At 31st March 2023 50,184

ABREY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11231577)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,010,857 1,068,039
Directors' current accounts 11,155 5,164
VAT 130,954 11,415
2,152,966 1,084,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,617 12,096
Trade creditors 1,564,992 250,333
Amounts owed to group undertakings 75,750 -
Tax 133,850 44,158
Social security and other taxes 117,466 24,726
Accruals 44,716 770,791
1,943,391 1,102,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 24,921 47,920
Directors' loan accounts 500,000 -
524,921 47,920

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 31,538 60,016

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 10,031 14,303

ABREY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11231577)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 14,303
Movement in the year due to:
changes in tax allowances (4,272 )
changes in tax rates
changes in tax losses
Balance at 31st March 2024 10,031

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year £98,300 (2023- £Nil) was paid to 1412 Management Services Limited for management charges.

12. ULTIMATE CONTROLLING PARTY

The controlling party is 1412 Management Services Limited.

The ultimate controlling party is S A Harrison.