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Registered number: 04013585
A and S Building Contractors Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Arcadia Accountancy Limited
C/O Arcadia Accountancy Ltd
1 Manship Green
Shepton Mallet
Somerset
BA4 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04013585
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,625 45,311
38,625 45,311
CURRENT ASSETS
Stocks 5 - 9,411
Debtors 6 18,806 25,238
Cash at bank and in hand - 1,132
18,806 35,781
Creditors: Amounts Falling Due Within One Year 7 (54,687 ) (66,767 )
NET CURRENT ASSETS (LIABILITIES) (35,881 ) (30,986 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,744 14,325
Creditors: Amounts Falling Due After More Than One Year 8 (26,505 ) (32,894 )
NET LIABILITIES (23,761 ) (18,569 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (23,763 ) (18,571 )
SHAREHOLDERS' FUNDS (23,761) (18,569)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Shane Stanley
Director
26/03/2025
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
A and S Building Contractors Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04013585 . The registered office is The Long Barn Maesdown Hill, Stoney Stratton, Evercreech, Shepton Mallet, Somerset, BA4 6EG.
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 stated at cost less depreciation. 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% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 63,408 42,247 4,751 110,406
Additions 1,507 - - 1,507
As at 30 June 2024 64,915 42,247 4,751 111,913
Depreciation
As at 1 July 2023 44,152 18,832 2,111 65,095
Provided during the period 3,114 4,683 396 8,193
As at 30 June 2024 47,266 23,515 2,507 73,288
Net Book Value
As at 30 June 2024 17,649 18,732 2,244 38,625
As at 1 July 2023 19,256 23,415 2,640 45,311
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Stocks
2024 2023
£ £
Work in progress - 9,411
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 12,150
VAT 18,806 13,088
18,806 25,238
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,388 3,387
Trade creditors 6,251 18,641
Bank loans and overdrafts 8,335 -
Corporation tax 774 774
Credit card 5,153 510
Accruals and deferred income 860 850
Director's loan account 29,926 42,605
54,687 66,767
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,545 23,933
Bank loans 5,960 8,961
26,505 32,894
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,388 3,387
Later than one year and not later than five years 20,545 23,933
23,933 27,320
23,933 27,320
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
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