Registered number
03401602
Aberdare Construction Limited
Filleted Accounts
31 July 2024
Aberdare Construction Limited
Registered number: 03401602
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 49,642 55,019
Current assets
Debtors 4 505,103 663,031
Investments held as current assets 5 47,386 47,386
Cash at bank and in hand 3,096 111,089
555,585 821,506
Creditors: amounts falling due within one year 6 (258,364) (634,709)
Net current assets 297,221 186,797
Total assets less current liabilities 346,863 241,816
Creditors: amounts falling due after more than one year 7 (29,742) (54,278)
Provisions for liabilities (3,591) (2,999)
Net assets 313,530 184,539
Capital and reserves
Called up share capital 201 201
Profit and loss account 313,329 184,338
Shareholder's funds 313,530 184,539
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jamie Evans
Director
Approved by the board on 30 January 2025
Aberdare Construction Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 44,047 99,307 143,354
Additions 1,258 20,066 21,324
Disposals - (29,222) (29,222)
At 31 July 2024 45,305 90,151 135,456
Depreciation
At 1 August 2023 41,530 46,805 88,335
Charge for the year 755 11,655 12,410
On disposals - (14,931) (14,931)
At 31 July 2024 42,285 43,529 85,814
Net book value
At 31 July 2024 3,020 46,622 49,642
At 31 July 2023 2,517 52,502 55,019
4 Debtors 2024 2023
£ £
Trade debtors 497,482 660,380
Other debtors 7,621 2,651
505,103 663,031
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 47,386 47,386
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,000 11,000
Obligations under finance lease and hire purchase contracts 12,747 16,233
Directors loan account 3,319 3,319
Trade creditors 149,099 139,574
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 350,000
Taxation and social security costs 82,199 114,583
258,364 634,709
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,497 18,313
Obligations under finance lease and hire purchase contracts 21,245 35,965
29,742 54,278
8 Other information
Aberdare Construction Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is:
Office 7 Enterprise House
Depot Road
Aberdare
Rhondda Cynon Taff
CF44 8DL
8 Ultimate parent company
The company is a fully owned subsidiary of Milrock Holdings Limited. Director Jamie Evans owns 100% of the issued share capital of Milrock Holdings Limited and therefore controls Aberdare Construction Limited.
9 Presentation currency
The financial statements are presented in Sterling and rounded to the nearest £1.
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