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REGISTERED NUMBER: 10083149 (England and Wales)















A&C CONSTRUCTION SOLUTIONS LTD

Unaudited Financial Statements for the Year Ended 30 April 2024






A&C CONSTRUCTION SOLUTIONS LTD (REGISTERED NUMBER: 10083149)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A&C CONSTRUCTION SOLUTIONS LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C Teale
Mrs A M Teale





REGISTERED OFFICE: Unit 10, Westgate Trading Estate
Westgate
Aldridge
Walsall
West Midlands
WS9 8EX





REGISTERED NUMBER: 10083149 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

A&C CONSTRUCTION SOLUTIONS LTD (REGISTERED NUMBER: 10083149)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,000 52,000
Tangible assets 5 64,455 82,181
103,455 134,181

CURRENT ASSETS
Stocks 49,667 49,667
Debtors 6 1,537,617 1,303,780
Cash at bank 210,677 209,084
1,797,961 1,562,531
CREDITORS
Amounts falling due within one year 7 1,776,519 1,547,998
NET CURRENT ASSETS 21,442 14,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,897

148,714

CREDITORS
Amounts falling due after more than one
year

8

(42,549

)

(81,095

)

PROVISIONS FOR LIABILITIES (12,217 ) (5,469 )
NET ASSETS 70,131 62,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,031 62,050
SHAREHOLDERS' FUNDS 70,131 62,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

A&C CONSTRUCTION SOLUTIONS LTD (REGISTERED NUMBER: 10083149)

Balance Sheet - continued
30 April 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 24 January 2025 and were signed on its behalf by:





C Teale - Director


A&C CONSTRUCTION SOLUTIONS LTD (REGISTERED NUMBER: 10083149)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

A&C Construction Solutions Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

A&C CONSTRUCTION SOLUTIONS LTD (REGISTERED NUMBER: 10083149)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 130,000
AMORTISATION
At 1 May 2023 78,000
Amortisation for year 13,000
At 30 April 2024 91,000
NET BOOK VALUE
At 30 April 2024 39,000
At 30 April 2023 52,000

A&C CONSTRUCTION SOLUTIONS LTD (REGISTERED NUMBER: 10083149)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 23,518 9,332 117,729 150,579
Additions - 357 27,250 27,607
Disposals - - (24,350 ) (24,350 )
At 30 April 2024 23,518 9,689 120,629 153,836
DEPRECIATION
At 1 May 2023 7,056 6,854 54,488 68,398
Charge for year 4,703 1,111 28,200 34,014
Eliminated on disposal - - (13,031 ) (13,031 )
At 30 April 2024 11,759 7,965 69,657 89,381
NET BOOK VALUE
At 30 April 2024 11,759 1,724 50,972 64,455
At 30 April 2023 16,462 2,478 63,241 82,181

The net book value of tangible fixed assets includes £ 16,716 (2023 - £ 24,949 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,526,103 1,295,487
Other debtors 7,918 4,697
Prepayments 3,596 3,596
1,537,617 1,303,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 29,999
Hire purchase contracts 9,393 10,434
Trade creditors 634,373 719,351
Social security and other taxes 83,909 58,939
VAT 298,882 177,898
Other creditors 71,000 12,670
Pension 8,476 8,392
Factoring liability 206,515 106,033
Directors' current accounts 300,785 271,814
Accruals and deferred income 133,186 152,468
1,776,519 1,547,998

A&C CONSTRUCTION SOLUTIONS LTD (REGISTERED NUMBER: 10083149)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 30,000 30,000
Bank loans - 2-5 years 7,500 37,500
Hire purchase contracts 5,049 13,595
42,549 81,095

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 67,500 97,499
Hire purchase contracts 14,442 24,029
Factoring liability 206,515 106,033
288,457 227,561

The factoring liability is secured against the book debts of the company.

The hire purchase contracts are secured against the assets to which they relate.

The bank loan is secured against the assets of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is C Teale.