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
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
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
A. B. S. GENERAL BUILDERS LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
41,149
39,069
Cash at bank and in hand
203,060
345,662
Creditors: amounts falling due within one year
(11,065)
(91,870)
Net current assets
242,480
337,730
Net assets
283,629
376,799
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
A. B. S. GENERAL BUILDERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
Disposals
-
(2,999)
(2,999)
At 31 March 2025
54,862
165,253
220,115
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
At 31 March 2025
10,757
30,392
41,149
At 31 March 2024
12,988
26,081
39,069
Amounts falling due within one year
Trade debtors
3,384
31,422
Deferred tax asset
7,961
7,344
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
18,344
26,661
Taxes and social security
(14,017)
33,400
7
Average number of employees
During the year the average number of employees was 6 (2024: 6).