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Company Registration No. 10031573 (England and Wales)
A & S Developments (West Mids) Limited Unaudited Financial Statements for the year ended 29 February 2024
A & S Developments (West Mids) Limited Unaudited Financial Statements Contents
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A & S Developments (West Mids) Limited Company Information for the year ended 29 February 2024
Director
Mr A P Bartlett
Company Number
10031573 (England and Wales)
Registered Office
Unit 1 Langley Mill Farm Lindridge Road Sutton Coldfield West Midlands B75 7HR England
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A & S Developments (West Mids) Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,154 
24,705 
Current assets
Debtors
104,979 
89,719 
Cash at bank and in hand
11,592 
4,151 
116,571 
93,870 
Creditors: amounts falling due within one year
(80,531)
(61,403)
Net current assets
36,040 
32,467 
Total assets less current liabilities
89,194 
57,172 
Creditors: amounts falling due after more than one year
(38,183)
(34,722)
Provisions for liabilities
Deferred tax
(10,099)
(4,694)
Net assets
40,912 
17,756 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
40,712 
17,556 
Shareholders' funds
40,912 
17,756 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
Mr A P Bartlett Director Company Registration No. 10031573
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A & S Developments (West Mids) Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
A & S Developments (West Mids) Limited is a private company, limited by shares, registered in England and Wales, registration number 10031573. The registered office is Unit 1, Langley Mill Farm, Lindridge Road, Sutton Coldfield, West Midlands, B75 7HR, England.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Revenue from the provision of services under a construction contract is recognised on the percentage of completion method, where the following conditions have been satisfied:- i) the amount of revenue can be measured reliably ii) it is probable that the economic benefit associated with the contract will flow to the company iii) the stage of completion of the contract can be measured reliably iv) the costs incurred on the contract and costs to completion can be measured reliably Where the outcome of a contract cannot be estimated reliably, revenue is only recognised to the extent of the expenses incurred are recoverable. Amounts recoverable on contracts are included within debtors at the year end.
Intangible fixed assets
Intangible fixed assets consist wholly of purchased goodwill, which is stated at cost less accumulated amortisation. Goodwill is being amortised over its estimated useful life of 5 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:-
Plant & machinery
20% Straight Line or 20% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
20% Straight Line
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A & S Developments (West Mids) Limited Notes to the Accounts for the year ended 29 February 2024
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Such assets are capitalised, depreciated and assessed for impairment losses in the same manner as owned tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Lease payments are apportioned between the finance charges and a reduction in the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss. All other leases are classified as operating leases, with rentals charged to the profit and loss account on a straight line basis over the lease term.
Deferred taxation
Deferred tax is provided in full in respect of timing differences between the treatment of certain items for taxation purposes and their treatment for accounting purposes. Deferred tax assets and liabilities are not discounted.
Financial assets and liabilities
Short term debtors are measured at transaction price, less any impairment for bad or doubtful debts. Short term trade creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and subsequently measured at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
20,000 
At 29 February 2024
20,000 
Amortisation
At 1 March 2023
20,000 
At 29 February 2024
20,000 
Net book value
At 29 February 2024
- 
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A & S Developments (West Mids) Limited Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
36,116 
31,720 
3,046 
70,882 
Additions
5,344 
37,473 
899 
43,716 
At 29 February 2024
41,460 
69,193 
3,945 
114,598 
Depreciation
At 1 March 2023
18,638 
26,238 
1,301 
46,177 
Charge for the year
3,835 
10,696 
736 
15,267 
At 29 February 2024
22,473 
36,934 
2,037 
61,444 
Net book value
At 29 February 2024
18,987 
32,259 
1,908 
53,154 
At 28 February 2023
17,478 
5,482 
1,745 
24,705 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
25,362 
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,800 
7,576 
Accrued income and prepayments
47,555 
26,067 
Other debtors
55,624 
56,076 
104,979 
89,719 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,292 
7,150 
VAT
7,066 
4,907 
Obligations under finance leases and hire purchase contracts
7,833 
- 
Trade creditors
3,228 
7,435 
Taxes and social security
39,103 
24,537 
Other creditors
12,884 
11,108 
Accruals
3,125 
6,266 
80,531 
61,403 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,166 
34,722 
Obligations under finance leases and hire purchase contracts
9,017 
- 
38,183 
34,722 
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A & S Developments (West Mids) Limited Notes to the Accounts for the year ended 29 February 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
10,099 
4,694 
2024 
2023 
£ 
£ 
Provision at start of year
4,694 
3,838 
Charged to the profit and loss account
5,405 
856 
Provision at end of year
10,099 
4,694 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr A P Bartlett
Director's loan
3,543 
33,554 
- 
37,097 
3,543 
33,554 
- 
37,097 
The director's loan was interest free with no specific conditions. The loan was repaid in full on 25 November 2024.
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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