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REGISTERED NUMBER: 03920510 (England and Wales)















Allmet Construction Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Allmet Construction Limited (Registered number: 03920510)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allmet Construction Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: T M Davies





REGISTERED OFFICE: Hareley Gate Farm Day House Lane
Hillesley
Wotton-Under-Edge
Gloucestershire
GL12 7QY





REGISTERED NUMBER: 03920510 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
One New Street
Wells
Somerset
BA5 2LA

Allmet Construction Limited (Registered number: 03920510)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,818

CURRENT ASSETS
Stocks 89,302 113,656
Debtors 5 - 1,199
Cash at bank 21,098 10,110
110,400 124,965
CREDITORS
Amounts falling due within one year 6 47,551 20,649
NET CURRENT ASSETS 62,849 104,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,849

110,134

CREDITORS
Amounts falling due after more than one
year

7

-

50,000
NET ASSETS 62,849 60,134

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 62,846 60,131
SHAREHOLDERS' FUNDS 62,849 60,134

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Allmet Construction Limited (Registered number: 03920510)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





T M Davies - Director


Allmet Construction Limited (Registered number: 03920510)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Allmet 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
Construction Services

Revenue is recognised when control of the goods or services is transferred to the customer, typically at the completion of contract milestones or upon completion of the project. For long-term contracts, revenue is recognised based on the percentage of completion method, which reflects the work completed relative to the total contract.

Rental Income

Rental income from properties are recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 Profit and Loss Account, 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.


Allmet Construction Limited (Registered number: 03920510)

Notes to the Financial Statements - continued
for the year ended 31 January 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 1,000 13,975 14,975
Disposals - (13,975 ) (13,975 )
At 31 January 2024 1,000 - 1,000
DEPRECIATION
At 1 February 2023 1,000 8,157 9,157
Eliminated on disposal - (8,157 ) (8,157 )
At 31 January 2024 1,000 - 1,000
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - 5,818 5,818

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,520 87
Taxation and social security 3,130 -
Other creditors 41,901 20,562
47,551 20,649

Allmet Construction Limited (Registered number: 03920510)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 50,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 50,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3