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REGISTERED NUMBER: 12518096 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AUDLEY CONSTRUCTION SERVICES LIMITED

AUDLEY CONSTRUCTION SERVICES LIMITED (Registered number: 12518096)

Contents of the Financial Statements
for the Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUDLEY CONSTRUCTION SERVICES LIMITED

Company Information
for the Year Ended 31 MARCH 2024







DIRECTORS: H N Raghvani
R K Raghwani





REGISTERED OFFICE: Alpha House
296 Kenton Road
Harrow
HA3 8DD





REGISTERED NUMBER: 12518096 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

AUDLEY CONSTRUCTION SERVICES LIMITED (Registered number: 12518096)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 40,425 42,772

CURRENT ASSETS
Stocks 199,217 825,629
Debtors 5 1,322,801 2,442,556
Cash at bank and in hand 431,296 1,167,169
1,953,314 4,435,354
CREDITORS
Amounts falling due within one year 6 (1,033,573 ) (1,455,850 )
NET CURRENT ASSETS 919,741 2,979,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,166

3,022,276

CREDITORS
Amounts falling due after more than one
year

7

(160,379

)

(2,591,330

)
NET ASSETS 799,787 430,946

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 789,787 420,946
799,787 430,946

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

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

The directors acknowledge their 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.

AUDLEY CONSTRUCTION SERVICES LIMITED (Registered number: 12518096)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





H N Raghvani - Director


AUDLEY CONSTRUCTION SERVICES LIMITED (Registered number: 12518096)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

AUDLEY CONSTRUCTION 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AUDLEY CONSTRUCTION SERVICES LIMITED (Registered number: 12518096)

Notes to the Financial Statements - continued
for the Year Ended 31 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 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,478 34,403 18,003 54,884
Additions - 5,922 833 6,755
At 31 March 2024 2,478 40,325 18,836 61,639
DEPRECIATION
At 1 April 2023 956 6,881 4,275 12,112
Charge for year 229 6,689 2,184 9,102
At 31 March 2024 1,185 13,570 6,459 21,214
NET BOOK VALUE
At 31 March 2024 1,293 26,755 12,377 40,425
At 31 March 2023 1,522 27,522 13,728 42,772

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 1,280,499 579,168
Other debtors 42,302 3,388
1,322,801 582,556

Amounts falling due after more than one year:
Other debtors - 1,860,000

Aggregate amounts 1,322,801 2,442,556

AUDLEY CONSTRUCTION SERVICES LIMITED (Registered number: 12518096)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 802,269
Trade creditors 386,001 383,539
Taxation and social security 310,037 125,370
Other creditors 337,535 144,672
1,033,573 1,455,850

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 160,379 2,591,330