Company Registration No. 14385720 (England and Wales)
Awards Macadam Limited
Unaudited accounts
for the year ended 30 September 2024
Awards Macadam Limited
Unaudited accounts
Contents
Awards Macadam Limited
Company Information
for the year ended 30 September 2024
Company Number
14385720 (England and Wales)
Registered Office
112-113 High Street
Lincoln
LN5 7PY
England
Accountants
Templar Accounting & Business Support Services Limited
(Incorporating Blake and Co)
112-113 High Street
Lincoln
Lincolnshire
LN5 7PY
Awards Macadam Limited
Statement of financial position
as at 30 September 2024
Tangible assets
26,306
22,575
Cash at bank and in hand
5,532
21,479
Creditors: amounts falling due within one year
(29,981)
(35,778)
Net current liabilities
(6,212)
(11,499)
Total assets less current liabilities
20,094
11,076
Provisions for liabilities
Deferred tax
(4,099)
(2,195)
Called up share capital
100
100
Profit and loss account
15,895
8,781
Shareholders' funds
15,995
8,881
For the year ending 30 September 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 6 February 2025 and were signed on its behalf by
Alan Ward
Director
Company Registration No. 14385720
Awards Macadam Limited
Notes to the Accounts
for the year ended 30 September 2024
Awards Macadam Limited is a private company, limited by shares, registered in England and Wales, registration number 14385720. The registered office is 112-113 High Street, Lincoln, LN5 7PY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Awards Macadam Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
30,100
-
30,100
At 30 September 2024
30,100
12,500
42,600
At 1 October 2023
7,525
-
7,525
Charge for the year
5,644
3,125
8,769
At 30 September 2024
13,169
3,125
16,294
At 30 September 2024
16,931
9,375
26,306
At 30 September 2023
22,575
-
22,575
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,300
4,765
Loans from directors
28,001
30,533
Awards Macadam Limited
Notes to the Accounts
for the year ended 30 September 2024
7
Deferred taxation
2024
2023
Accelerated capital allowances
4,099
2,195
Provision at start of year
2,195
-
Charged to the profit and loss account
1,904
2,195
Provision at end of year
4,099
2,195
A deferred taxation reserve has been created due to accelerated capital allowances.
This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
Allotted, called up and fully paid:
100 Ordinary voting shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).