1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 09161525 2023-09-01 2024-08-31 09161525 2024-08-31 09161525 2023-08-31 09161525 2022-09-01 2023-08-31 09161525 2023-08-31 09161525 2022-08-31 09161525 core:MotorVehicles 2023-09-01 2024-08-31 09161525 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09161525 bus:Director1 2023-09-01 2024-08-31 09161525 core:WithinOneYear 2024-08-31 09161525 core:WithinOneYear 2023-08-31 09161525 core:MotorVehicles 2023-08-31 09161525 core:MotorVehicles 2024-08-31 09161525 core:AfterOneYear 2024-08-31 09161525 core:AfterOneYear 2023-08-31 09161525 core:ShareCapital 2024-08-31 09161525 core:ShareCapital 2023-08-31 09161525 core:RetainedEarningsAccumulatedLosses 2024-08-31 09161525 core:RetainedEarningsAccumulatedLosses 2023-08-31 09161525 core:MotorVehicles 2023-08-31 09161525 bus:SmallEntities 2023-09-01 2024-08-31 09161525 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09161525 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09161525 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09161525 bus:FullAccounts 2023-09-01 2024-08-31 09161525 bus:OrdinaryShareClass1 2024-08-31 09161525 bus:OrdinaryShareClass1 2023-08-31 09161525 core:PlantMachinery 2023-09-01 2024-08-31 09161525 core:PlantMachinery 2023-08-31 09161525 core:PlantMachinery 2024-08-31
COMPANY REGISTRATION NUMBER: 09161525
AAB CONTRACTING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
AAB CONTRACTING LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
AAB CONTRACTING LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
7,519
2,671
CURRENT ASSETS
Stocks
415
440
Debtors
6
1,405
Cash at bank and in hand
4,910
-------
-------
1,820
5,350
CREDITORS: amounts falling due within one year
7
30,003
33,731
---------
---------
NET CURRENT LIABILITIES
28,183
28,381
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 20,664)
( 25,710)
CREDITORS: amounts falling due after more than one year
8
750
1,750
---------
---------
NET LIABILITIES
( 21,414)
( 27,460)
---------
---------
AAB CONTRACTING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
9
100
100
Profit and loss account
( 21,514)
( 27,560)
---------
---------
SHAREHOLDERS DEFICIT
( 21,414)
( 27,460)
---------
---------
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.
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
Mr S Hughes
Director
Company registration number: 09161525
AAB CONTRACTING LIMITED
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 Equitable House, 55 Pellon Lane, Halifax, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The continuation of the company's activities is dependent on the continuing financial support of the director, bank and other creditors. The director has confirmed that in his opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Motor vehicles
-
25% reducing balance
Equipment
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loan and overdraft
750
1,750
----
-------
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.