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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
Page
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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
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Allison Construction Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,905 
11,913 
Investment property
128,149 
1,225 
141,054 
13,138 
Current assets
Inventories
4,208 
75,000 
Debtors
4,934 
135,613 
Cash at bank and in hand
351,724 
562,578 
360,866 
773,191 
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 
Capital and reserves
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
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Allison Construction Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Investment property is included at market fair value. Gains are recognised in the income statement.
Deferred taxation
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.
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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 
Depreciation
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 
Net book value
At 31 May 2024
5,699 
6,868 
337 
1 
12,905 
At 31 May 2023
2,600 
9,159 
449 
(295)
11,913 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
1,225 
Additions
126,924 
At 31 May 2024
128,149 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,388 
130,962 
Accrued income and prepayments
346 
- 
Other debtors
2,200 
4,651 
4,934 
135,613 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
31,632 
VAT
30,217 
37,119 
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 
Other creditors
439 
439 
Loans from directors
65 
43,546 
Accruals
4,140 
4,140 
66,426 
149,388 
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.
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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).
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