5 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 9520820 2023-09-01 2024-08-31 9520820 2024-08-31 9520820 2023-08-31 9520820 2022-09-01 2023-08-31 9520820 2023-08-31 9520820 2022-08-31 9520820 core:PlantMachinery 2023-09-01 2024-08-31 9520820 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 9520820 core:MotorVehicles 2023-09-01 2024-08-31 9520820 bus:Director1 2023-09-01 2024-08-31 9520820 core:PlantMachinery 2023-08-31 9520820 core:FurnitureFittingsToolsEquipment 2023-08-31 9520820 core:MotorVehicles 2023-08-31 9520820 core:PlantMachinery 2024-08-31 9520820 core:FurnitureFittingsToolsEquipment 2024-08-31 9520820 core:MotorVehicles 2024-08-31 9520820 core:WithinOneYear 2024-08-31 9520820 core:WithinOneYear 2023-08-31 9520820 core:AfterOneYear 2024-08-31 9520820 core:AfterOneYear 2023-08-31 9520820 core:ShareCapital 2024-08-31 9520820 core:ShareCapital 2023-08-31 9520820 core:RetainedEarningsAccumulatedLosses 2024-08-31 9520820 core:RetainedEarningsAccumulatedLosses 2023-08-31 9520820 core:PlantMachinery 2023-08-31 9520820 core:FurnitureFittingsToolsEquipment 2023-08-31 9520820 core:MotorVehicles 2023-08-31 9520820 bus:SmallEntities 2023-09-01 2024-08-31 9520820 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 9520820 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 9520820 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 9520820 bus:FullAccounts 2023-09-01 2024-08-31
Company registration number: 9520820
AJC Wilkes Building Contractors Ltd
Unaudited filleted financial statements
31 August 2024
AJC Wilkes Building Contractors Ltd
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 39,085 49,573
_______ _______
39,085 49,573
Current assets
Stocks 700 500
Debtors 6 595,008 220,838
Cash at bank and in hand 143,717 110,634
_______ _______
739,425 331,972
Creditors: amounts falling due
within one year 7 ( 306,205) ( 188,440)
_______ _______
Net current assets 433,220 143,532
_______ _______
Total assets less current liabilities 472,305 193,105
Creditors: amounts falling due
after more than one year 8 ( 8,507) ( 18,485)
Provisions for liabilities ( 9,771) -
_______ _______
Net assets 454,027 174,620
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 453,927 174,520
_______ _______
Shareholders funds 454,027 174,620
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 May 2025 , and are signed on behalf of the board by:
A D Wilkes
Director
Company registration number: 9520820
AJC Wilkes Building Contractors Ltd
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 308 Birchfield Road, Redditch, Worcestershire, B97 4NG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis unless otherwise specified within these accounting policies.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % straight line
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and market value.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 44,484 3,756 39,650 87,890
Additions 3,358 - - 3,358
_______ _______ _______ _______
At 31 August 2024 47,842 3,756 39,650 91,248
_______ _______ _______ _______
Depreciation
At 1 September 2023 15,521 1,537 21,259 38,317
Charge for the year 5,562 754 7,530 13,846
_______ _______ _______ _______
At 31 August 2024 21,083 2,291 28,789 52,163
_______ _______ _______ _______
Carrying amount
At 31 August 2024 26,759 1,465 10,861 39,085
_______ _______ _______ _______
At 31 August 2023 28,963 2,219 18,391 49,573
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 518,334 94,484
Other debtors 76,674 126,354
_______ _______
595,008 220,838
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 9,978 9,732
Trade creditors 42,225 52,161
Social security and other taxes 233,152 113,933
Other creditors 20,850 12,614
_______ _______
306,205 188,440
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 8,507 18,485
_______ _______
9. Trade debtors
Trade debtors are measured at transaction value, less any impairment for doubtful debts.
10. Trade creditors
Trade creditors are measured at transaction value.