Company Registration No. 06597761 (England and Wales)
Allison Construction Ltd
Unaudited accounts
for the year ended 31 May 2024
Allison Construction Ltd
Unaudited accounts
Contents
Allison Construction Ltd
Company Information
for the year ended 31 May 2024
Directors
Julie Allison
Stuart Allison
Company Number
06597761 (England and Wales)
Registered Office
Lane House Farm
Priory Road
Ulverston
LA12 9HR
United Kingdom
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
Allison Construction Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
12,905
11,913
Investment property
128,149
1,225
Cash at bank and in hand
351,724
562,578
Creditors: amounts falling due within one year
(66,426)
(149,388)
Net current assets
294,440
623,803
Total assets less current liabilities
435,494
636,941
Provisions for liabilities
Deferred tax
(2,264)
(2,264)
Net assets
433,230
634,677
Called up share capital
100
100
Profit and loss account
433,130
634,577
Shareholders' funds
433,230
634,677
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by
Stuart Allison
Director
Company Registration No. 06597761
Allison Construction Ltd
Notes to the Accounts
for the year ended 31 May 2024
Allison Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 06597761. The registered office is Lane House Farm, Priory Road, Ulverston, LA12 9HR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Investment property is included at market fair value. Gains are recognised in the income statement.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Allison Construction Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
7,103
39,290
1,066
6,340
53,799
Additions
5,000
-
-
-
5,000
At 31 May 2024
12,103
39,290
1,066
6,340
58,799
At 1 June 2023
4,503
30,131
617
6,635
41,886
Charge for the year
1,901
2,291
112
(296)
4,008
At 31 May 2024
6,404
32,422
729
6,339
45,894
At 31 May 2024
5,699
6,868
337
1
12,905
At 31 May 2023
2,600
9,159
449
(295)
11,913
Fair value at 1 June 2023
1,225
Amounts falling due within one year
Trade debtors
2,388
130,962
Accrued income and prepayments
346
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
31,632
Obligations under finance leases and hire purchase contracts
1,270
5,080
Trade creditors
24,769
26,159
Taxes and social security
5,526
1,273
Loans from directors
65
43,546
8
Transactions with related parties
The directors received dividends of £82,000 in the year (2023: £70,000).
The company owed the directors £65 at the year end. (2023: £43,546). No interest has been charged on this balance.
Allison Construction Ltd
Notes to the Accounts
for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 6 (2023: 7).