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COMPANY REGISTRATION NUMBER: 10183873
Alchester Construction Limited
Filleted Unaudited Financial Statements
31 March 2024
Alchester Construction Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,437
1,916
Current assets
Debtors
6
5,271
4,633
Cash at bank and in hand
11,196
8,418
--------
--------
16,467
13,051
Creditors: amounts falling due within one year
7
32,458
53,980
--------
--------
Net current liabilities
15,991
40,929
--------
--------
Total assets less current liabilities
( 14,554)
( 39,013)
Creditors: amounts falling due after more than one year
8
5,896
10,870
--------
--------
Net liabilities
( 20,450)
( 49,883)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 20,550)
( 49,983)
--------
--------
Shareholders deficit
( 20,450)
( 49,883)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alchester Construction Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 3 December 2024 , and are signed on behalf of the board by:
Mr J Ralph
Director
Company registration number: 10183873
Alchester Construction Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxfordshire, OX26 6QB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
1,930
8,700
180
10,810
-------
-------
----
--------
Depreciation
At 1 April 2023
1,586
7,152
156
8,894
Charge for the year
86
387
6
479
-------
-------
----
--------
At 31 March 2024
1,672
7,539
162
9,373
-------
-------
----
--------
Carrying amount
At 31 March 2024
258
1,161
18
1,437
-------
-------
----
--------
At 31 March 2023
344
1,548
24
1,916
-------
-------
----
--------
6. Debtors
2024
2023
£
£
Trade debtors
3,779
3,258
Other debtors
1,492
1,375
-------
-------
5,271
4,633
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,324
5,324
Trade creditors
1,535
12,965
Social security and other taxes
2,335
3,763
Other creditors
23,264
31,928
--------
--------
32,458
53,980
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,896
10,870
-------
--------