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REGISTERED NUMBER: 06239907 (England and Wales)















Financial Statements For The Year Ended 31st May 2024

for

Andrews Contractors Ltd

Andrews Contractors Ltd (Registered number: 06239907)

Contents of the Financial Statements
For The Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andrews Contractors Ltd

Company Information
For The Year Ended 31st May 2024







DIRECTOR: M .A. Andrews





SECRETARY: Mrs H D Andrews





REGISTERED OFFICE: 85 Courtfield Avenue
Lordswood
Chatham
Kent
ME5 8QE





REGISTERED NUMBER: 06239907 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Andrews Contractors Ltd (Registered number: 06239907)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,144 234,876

CURRENT ASSETS
Debtors 5 467,358 504,510
Cash at bank and in hand 106,174 212,020
573,532 716,530
CREDITORS
Amounts falling due within one year 6 349,332 368,122
NET CURRENT ASSETS 224,200 348,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,344

583,284

CREDITORS
Amounts falling due after more than one
year

7

(160,314

)

(89,252

)

PROVISIONS FOR LIABILITIES (62,695 ) (58,719 )
NET ASSETS 265,335 435,313

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 265,235 435,213
SHAREHOLDERS' FUNDS 265,335 435,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Andrews Contractors Ltd (Registered number: 06239907)

Balance Sheet - continued
31st May 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 director and authorised for issue on 20th February 2025 and were signed by:





M .A. Andrews - Director


Andrews Contractors Ltd (Registered number: 06239907)

Notes to the Financial Statements
For The Year Ended 31st May 2024


1. STATUTORY INFORMATION

Andrews Contractors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

Andrews Contractors Ltd (Registered number: 06239907)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 763,435
Additions 120,239
Disposals (45,509 )
At 31st May 2024 838,165
DEPRECIATION
At 1st June 2023 528,559
Charge for year 61,195
Eliminated on disposal (15,733 )
At 31st May 2024 574,021
NET BOOK VALUE
At 31st May 2024 264,144
At 31st May 2023 234,876

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st June 2023 267,058
Additions 120,239
Disposals (45,509 )
At 31st May 2024 341,788
DEPRECIATION
At 1st June 2023 126,410
Charge for year 37,638
Eliminated on disposal (15,733 )
At 31st May 2024 148,315
NET BOOK VALUE
At 31st May 2024 193,473
At 31st May 2023 140,648

Andrews Contractors Ltd (Registered number: 06239907)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 371,020 441,170
Other debtors & prepayments 96,338 63,340
467,358 504,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 9,949 9,706
Hire purchase contracts 42,563 44,640
Trade creditors 209,535 208,202
Taxation and social security 792 35,325
Other creditors & accruals 86,493 70,249
349,332 368,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 12,489 22,682
Hire purchase contracts 147,825 66,570
160,314 89,252

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,949 9,706

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,489 22,682

There is a fixed and floating charge over all assets of the company.

Andrews Contractors Ltd (Registered number: 06239907)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,438 32,388
Hire purchase contracts 190,388 111,210
212,826 143,598

The amounts due on hire purchase contracts are secured on the assets concerned.