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REGISTERED NUMBER: 03204392 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ADEPT BUILDING SERVICES LIMITED

ADEPT BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03204392)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADEPT BUILDING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: C V Pugh





SECRETARY: T A Pugh





REGISTERED OFFICE: 1 Chiltern Business Centre
63-65 Woodside Road
Amersham
Buckinghamshire
HP6 6AA





REGISTERED NUMBER: 03204392 (England and Wales)





ACCOUNTANTS: Herath Associates Limited
Chartered Certified Accountants
1 Chiltern Business Centre
Amersham
Buckinghamshire
HP6 6AA

ADEPT BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03204392)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,919 32,264

CURRENT ASSETS
Stocks 5 5,000 4,000
Cash at bank 72,740 92,962
77,740 96,962
CREDITORS
Amounts falling due within one year 6 32,785 50,958
NET CURRENT ASSETS 44,955 46,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,874

78,268

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 70,872 78,266
SHAREHOLDERS' FUNDS 70,874 78,268

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





C V Pugh - Director


ADEPT BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03204392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Adept Building Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% 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 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 Income Statement, 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.

ADEPT BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03204392)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 55,033 78,776 4,822 138,631
DEPRECIATION
At 1 June 2023 44,659 57,359 4,349 106,367
Charge for year 1,556 4,631 158 6,345
At 31 May 2024 46,215 61,990 4,507 112,712
NET BOOK VALUE
At 31 May 2024 8,818 16,786 315 25,919
At 31 May 2023 10,374 21,417 473 32,264

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 28,545
DEPRECIATION
At 1 June 2023 18,761
Charge for year 2,446
At 31 May 2024 21,207
NET BOOK VALUE
At 31 May 2024 7,338
At 31 May 2023 9,784

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 2,000 1,500
Work-in-progress 3,000 2,500
5,000 4,000

ADEPT BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03204392)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 3,547 13,047
Taxation and social security 23,872 35,317
Other creditors 5,366 2,594
32,785 50,958