Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09036725 Mr Ashley Browitt Mr Scott Browitt Mr Karl Finch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09036725 2023-05-31 09036725 2024-05-31 09036725 2023-06-01 2024-05-31 09036725 frs-core:CurrentFinancialInstruments 2024-05-31 09036725 frs-core:Non-currentFinancialInstruments 2024-05-31 09036725 frs-core:BetweenOneFiveYears 2024-05-31 09036725 frs-core:ComputerEquipment 2024-05-31 09036725 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09036725 frs-core:ComputerEquipment 2023-05-31 09036725 frs-core:FurnitureFittings 2024-05-31 09036725 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09036725 frs-core:FurnitureFittings 2023-05-31 09036725 frs-core:MotorVehicles 2024-05-31 09036725 frs-core:MotorVehicles 2023-06-01 2024-05-31 09036725 frs-core:MotorVehicles 2023-05-31 09036725 frs-core:PlantMachinery 2024-05-31 09036725 frs-core:PlantMachinery 2023-06-01 2024-05-31 09036725 frs-core:PlantMachinery 2023-05-31 09036725 frs-core:WithinOneYear 2024-05-31 09036725 frs-core:ShareCapital 2024-05-31 09036725 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09036725 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09036725 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09036725 frs-bus:SmallEntities 2023-06-01 2024-05-31 09036725 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09036725 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09036725 frs-bus:Director1 2023-06-01 2024-05-31 09036725 frs-bus:Director2 2023-06-01 2024-05-31 09036725 frs-bus:Director3 2023-06-01 2024-05-31 09036725 frs-core:CurrentFinancialInstruments 1 2024-05-31 09036725 frs-countries:EnglandWales 2023-06-01 2024-05-31 09036725 2022-05-31 09036725 2023-05-31 09036725 2022-06-01 2023-05-31 09036725 frs-core:CurrentFinancialInstruments 2023-05-31 09036725 frs-core:Non-currentFinancialInstruments 2023-05-31 09036725 frs-core:BetweenOneFiveYears 2023-05-31 09036725 frs-core:WithinOneYear 2023-05-31 09036725 frs-core:ShareCapital 2023-05-31 09036725 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09036725 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 09036725
AB Civils & Groundworks Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Woodville Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09036725
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 345,006 304,578
345,006 304,578
CURRENT ASSETS
Debtors 5 773,136 871,722
Cash at bank and in hand 100,803 -
873,939 871,722
Creditors: Amounts Falling Due Within One Year 6 (646,211 ) (665,350 )
NET CURRENT ASSETS (LIABILITIES) 227,728 206,372
TOTAL ASSETS LESS CURRENT LIABILITIES 572,734 510,950
Creditors: Amounts Falling Due After More Than One Year 7 (98,261 ) (105,923 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,200 ) (7,200 )
NET ASSETS 467,273 397,827
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 467,173 397,727
SHAREHOLDERS' FUNDS 467,273 397,827
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Scott Browitt
Director
25/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AB Civils & Groundworks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09036725 . The registered office is Unit 20B, Yarrow Road Business Centre, Yarrow Road, Chorley, Lancashire, PR6 0LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 20%
Fixtures & Fittings 33%
Computer Equipment 33%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 34,982 473,248 - 8,174 516,404
Additions 5,900 104,752 21,451 5,043 137,146
Disposals - (45,348 ) - - (45,348 )
As at 31 May 2024 40,882 532,652 21,451 13,217 608,202
Depreciation
As at 1 June 2023 19,246 185,029 - 7,551 211,826
Provided during the period 3,245 65,642 3,218 4,269 76,374
Disposals - (25,004 ) - - (25,004 )
As at 31 May 2024 22,491 225,667 3,218 11,820 263,196
Net Book Value
As at 31 May 2024 18,391 306,985 18,233 1,397 345,006
As at 1 June 2023 15,736 288,219 - 623 304,578
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 510,987 288,962
Prepayments and accrued income (15,429 ) 296,727
Other debtors 66,854 170,311
Other taxes and social security debtor 121,812 -
VAT 88,912 107,718
Directors' loan accounts - 8,004
773,136 871,722
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,781 54,630
Trade creditors 420,370 440,264
Bank loans and overdrafts 9,251 14,332
Other creditors 95,581 149,494
Taxation and social security 66,228 6,630
646,211 665,350
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 98,261 105,923
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 54,781 54,630
Later than one year and not later than five years 98,261 105,923
153,042 160,553
153,042 160,553
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
In the year, there were invoices of £233,003 paid to AB Plant Group Ltd, they are under common control. As at the end of the reporting period, the company had an outstanding balance of £21,773 with AB Plant Group Ltd.
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