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Company Registration No. 05405231 (England and Wales)
A. B. S. GENERAL BUILDERS LIMITED Unaudited accounts for the year ended 31 March 2025
A. B. S. GENERAL BUILDERS LIMITED Unaudited accounts Contents
Page
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A. B. S. GENERAL BUILDERS LIMITED Company Information for the year ended 31 March 2025
Directors
Mr Thomas Paul Aitken Mrs Lynda Aitken Mr Stephen Paul Aitken
Company Number
05405231 (England and Wales)
Registered Office
GREEN ACRES THE GREEN GOOSEY FARINGDON OXFORDSHIRE SN7 8PA
Accountants
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT
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A. B. S. GENERAL BUILDERS LIMITED Accountants' report
Accountants' report to the board of directors of A. B. S. GENERAL BUILDERS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A. B. S. GENERAL BUILDERS LIMITED for the year ended 31 March 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of A. B. S. GENERAL BUILDERS LIMITED, as a body, in accordance with the terms of our engagement letter dated 8 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of A. B. S. GENERAL BUILDERS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. B. S. GENERAL BUILDERS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A. B. S. GENERAL BUILDERS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A. B. S. GENERAL BUILDERS LIMITED. You consider that A. B. S. GENERAL BUILDERS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A. B. S. GENERAL BUILDERS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT 23 May 2025
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A. B. S. GENERAL BUILDERS LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,149 
39,069 
Current assets
Inventories
39,140 
45,172 
Debtors
11,345 
38,766 
Cash at bank and in hand
203,060 
345,662 
253,545 
429,600 
Creditors: amounts falling due within one year
(11,065)
(91,870)
Net current assets
242,480 
337,730 
Net assets
283,629 
376,799 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
283,529 
376,699 
Shareholders' funds
283,629 
376,799 
For the year ending 31 March 2025 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 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 of Directors and authorised for issue on 25 May 2025 and were signed on its behalf by
Mr Stephen Paul Aitken Director Company Registration No. 05405231
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A. B. S. GENERAL BUILDERS LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
A. B. S. GENERAL BUILDERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05405231. The registered office is GREEN ACRES THE GREEN, GOOSEY, FARINGDON, OXFORDSHIRE, SN7 8PA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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
15% reducing balance
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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A. B. S. GENERAL BUILDERS LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
54,862 
154,257 
209,119 
Additions
- 
13,995 
13,995 
Disposals
- 
(2,999)
(2,999)
At 31 March 2025
54,862 
165,253 
220,115 
Depreciation
At 1 April 2024
41,874 
128,176 
170,050 
Charge for the year
2,231 
8,686 
10,917 
On disposals
- 
(2,001)
(2,001)
At 31 March 2025
44,105 
134,861 
178,966 
Net book value
At 31 March 2025
10,757 
30,392 
41,149 
At 31 March 2024
12,988 
26,081 
39,069 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,384 
31,422 
Deferred tax asset
7,961 
7,344 
11,345 
38,766 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
4,170 
24,091 
Trade creditors
18,344 
26,661 
Taxes and social security
(14,017)
33,400 
Other creditors
543 
5,693 
Accruals
2,025 
2,025 
11,065 
91,870 
7
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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