Registered number
15017577
Adderstone Construction Limited
Filleted Accounts
31 March 2025
Adderstone Construction Limited
Registered number: 15017577
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 139,833 -
Current assets
Stocks 407,108 8,625
Debtors 4 756,950 68,476
Cash at bank and in hand 80,204 2,163
1,244,262 79,264
Creditors: amounts falling due within one year 5 (1,129,112) (67,177)
Net current assets 115,150 12,087
Net assets 254,983 12,087
Capital and reserves
Called up share capital 1 1
Profit and loss account 254,982 12,086
Shareholder's funds 254,983 12,087
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Harrison
Director
Approved by the board on 4 June 2025
Adderstone Construction Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 23 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 45,000 96,000 141,000
At 31 March 2025 45,000 96,000 141,000
Depreciation
Charge for the year - 1,167 1,167
At 31 March 2025 - 1,167 1,167
Net book value
At 31 March 2025 45,000 94,833 139,833
4 Debtors 2025 2024
£ £
Trade debtors 10,051 -
Amounts owed by related parties 740,100 -
Other debtors 6,799 68,476
756,950 68,476
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 51,662 -
Amounts owed to related parties 225,034 -
Taxation and social security costs 191,397 4,029
Other creditors 661,019 63,148
1,129,112 67,177
6 Other information
Adderstone Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nelson House, The Fleming
Burdon Terrace
Jesmond
Newcastle upon Tyne
NE2 3AE
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